For the third time in the last four months, the World Federation of Exchanges reported a significant gain in world stock market capitalization for the month of October, with a $2.5 trillion increase that pushed the total value of world stocks to $52.7 trillion (see chart). The October increase follows strong gains of $2.7 trillion in July and $3.8 trillion in September (and a slight decline of $0.50 trillion in August), for a cumulative four-month gain of $8.5 trillion
In China, They REALLY Hate the Rich - The Wealth Report - WSJ. Forget taxing bonuses or forcing the rich to pay for health care. When it comes to resenting the wealthy, China is far outpacing the U.S. and Briton.
Intellectual people - smart people - we sometimes call them, are rarely equipped to give us good investing advice, political advice or other advice. I am not arguing that advisors should not be trusted - after all that would prove that I am one of the dumb ones since I am an advisor. But it is imperative that we evaluate our advisors and the managers of our companies for that matter by their decision making processes not by outcomes alone
Productivity shot up today to a 5 decade high. Productivity is doing more with less to free up resources to serve in another capacity generating more growth and wealth. It is the foundation of a society's "pursuit of happiness". Look at this fun way to view productivity increases over the 50 years - packing food. Remember Lucy and Ethel trying to pack candy?
