Our editors look back to previous periods in politics and history to discover the parallels with today’s market and how this can help your investing.
History doesn’t repeat, as writer Mark Twain once wrote, but it rhymes. For an entertaining and informative romp through financial disasters and bull markets of yesteryear, plus the legendary investors who made a fortune and the foolish knaves who lost their shirts, read on…
Whether or not these populist heroes fulfil the promises that led to their victories, throwing out the old political guard and bringing in the new is a far greater, more powerful trend: the outright rejection of establishment.
Just as free immigration can be incompatible with a zombie welfare system (it attracts immigrants who become parasites)…free trade can cause problems in a fake financial system (it causes imbalances that threaten the world economy).