Today’s geopolitical turmoil makes us think about Robert F. Kennedy’s famous rendition of a supposedly Chinese curse, “May you live in interesting times.” Certainly there is a lot of interesting political drama in the world today, in places such as the U.S., Mexico, Venezuela, Cuba, the U.K., and many other countries. Even more “interesting” is the appalling violence occurring in Iraq, Afghanistan, and elsewhere, not to mention natural disasters. We feel sad for the millions of innocent bystanders trying to raise their children in such “interesting” environments.
And speaking of environments, the global environment seems destined to be a lot more interesting in future years too, according to the recent report by the Intergovernmental Panel on Climate Change. It concludes that human activity will make the world a lot hotter and stormier in coming decades. Drier too, unless you live on a seacoast, in which case you’d better learn how to swim.
In fact, the only thing in the news which seems boring these days is the stock market. Shares are in an uptrend, which is unlikely to break anytime soon. That’s good news for you, as an investor, although it makes our job as commentators more difficult. (Bear markets are so much easier to write about.) But we don’t really mind, of course. As long as you’re making money, we’re happy to work a little harder. So sit back, put your feet up, and bask in the comfort of today’s rising prices, while we natter on about other pressing matters …Read more...
Bookmark/Search this post with:
