Disclaimer

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. But I can't by law give you advice, and I do make mistakes. Remember: the unexpected sometimes happens. Oddly enough, the expected does too, but all too often it takes longer than you thought it would, or on the other hand happens more quickly than you expected. The Goddess of Markets punishes (eventually) greed, folly, laziness and arrogance. No matter how many years you've served Her. Take care. Be humble. And don't blame me.

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

Wednesday, July 26, 2017

Just what is inequality

In Oz, the leader of the Labor Party has said that we need to focus more on inequality.  Naturally, the Right chucked a wobbly:

Bill Shorten's inequality pitch has rustled the jimmies of conservatives



Here's Cathy Wilcox's take on it.  (She's a cartoonist at the Sydney Morning Herald)


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