Disclaimer. After nearly 40 years managing money for some of the largest life offices and investment managers in the world, I think I have something to offer. These days I'm retired, and I can't by law give you advice. While I do make mistakes, I try hard to do my analysis thoroughly, and to make sure my data are correct (old habits die hard!) Also, don't ask me why I called it "Volewica". It's too late, now.

BTW, clicking on most charts will produce the original-sized, i.e., bigger version.

Thursday, September 5, 2013

Bon mot

We are enduring a distressing election campaign in Oz.  An unregenerate conservative party is facing down the muddled left, and will probably win, and then go on to repeat the various fiscal tightening follies of governments elsewhere on the grounds that it will "restore confidence".

So I thought you might enjoy some insightful and acerbic insights from J M Keynes.

Capitalism is “the astonishing belief that the nastiest motives of the nastiest men somehow or other work for the best results in the best of all possible worlds.”

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