The ever fantastic economics blog The Big Picture has reprinted an interesting letter from John Mauldin, the best-selling US investment writer, in which he details the odd things going on in the markets. Like most private investors I can’t pretend to understand all of it, but it does reinforce that…
Browsing: Commentary
Posts where world affairs and my piggy bank collide
(Image by: magnus) What has the UK government got against young people? Why is it obsessed with pulling up the drawbridge to anyone who’d like to buy a home but who can’t afford (or won’t pay) credit bubble prices? I will declare my interest: I rent, having decided several years…
Bloomberg is reporting that more than 2,000 companies around the world have cash balances exceeding their market capitalization. That’s more than eight times as many cash rich companies as when the last bear market bottomed in 2002. With these companies, a $1 share is worth more than $1, just in…
