(Video report & 3-part article) With escalating tensions between Russia and the west, we keep hearing about Munich and about Appeasement that led to World War II. But the truth of those events has remained widely misunderstood. As one meme going around in the social media says, “If the news are fake, imagine how bad history is!” To avoid sleepwalking into another great war, it is essential that we understand what really happened in 1938. Prepare, it is nothing like they taught us in school.Continue reading
Tag Archives: History
Financial bubbles and their human toll
Bursting of an asset bubble can have grave consequences for the economy and the society at large – so grave, it’s worth paying attention at this point. I’ll elaborate.
In only six trading sessions from the 20th February peak, the S&P500 shed more than 12%, one of the fastest declines on record for the index (only the 1987 black Monday was worse). Only a week before this event I posted the article, “Bubbles Always Burst…”on SeekingAlpha, warning about the risk of this happening.
Whether last week marks the beginning of the bubble’s bursting remains to be seen, but this is only a matter of time. Bubbles always burst, no exceptions. But what’s important to understand is this: bubbles are meant to be burst! For guidance, let’s look again at the bursting of Japan’s own everything bubble of the 1980s. Continue reading