>Give me your tired, your poor, your huddled dollars yearning to breathe free
This was quite an interesting article, but I’m always wary of people predicting a crash considering they have been predicting one for four years. I don’t know enough about global markets to dispute it, but in the mean time I’m still going to buy the S&P 500
CauseLong on
In the 1980s the US was 30% of the global economy and 30% of the stock market
Now it is 27% of the global economy and 70% of the stock market.
savuporo on
> Though most observers think the world is increasingly multipolar, investors believe it is increasingly unipolar — and that makes the markets a zero-sum game.
These ideas are perhaps not necessarily at odds. The multipolar world is anything but a bastion of stability, and so US represents one relatively safe haven on a longer time horizon
3 Comments
>Give me your tired, your poor, your huddled dollars yearning to breathe free
This was quite an interesting article, but I’m always wary of people predicting a crash considering they have been predicting one for four years. I don’t know enough about global markets to dispute it, but in the mean time I’m still going to buy the S&P 500
In the 1980s the US was 30% of the global economy and 30% of the stock market
Now it is 27% of the global economy and 70% of the stock market.
> Though most observers think the world is increasingly multipolar, investors believe it is increasingly unipolar — and that makes the markets a zero-sum game.
These ideas are perhaps not necessarily at odds. The multipolar world is anything but a bastion of stability, and so US represents one relatively safe haven on a longer time horizon