In 1906, Alfred Henry Lewis stated, “There are only nine meals between mankind and anarchy.”
Since then, his observation has been echoed by people as disparate as Robert Heinlein and Leon Trotsky.
The slide in equity markets accelerated this week as the panic over the spread of COVID-19 truly set in across the globe.
The arch spans the highway that connects North and South Korea, except that, as can be seen… there are almost no vehicles on that highway.
Mao Zedong was, by all assessments, not the nicest fellow. In 1964, he first published “Quotations from Chairman Mao,” which came to be known to all and sundry as “Mao’s Little Red Book.”
World diplomacy is, at present, on rather shaky ground.
Throughout history, whenever major economies are approaching a state of crisis, heads of state typically become chronically irritable.
The continued spread of the novel coronavirus outside of China was the top concern for most news outlets this week. The friction between President Trump and the House of Representatives continued to escalate this week, even as his impeachment Trial in the Senate came to its conclusion.
It was another shortened trading week as the U.S. celebrated the life of Dr. Martin Luther King on Monday. The impeachment trial of Donald J. Trump got underway in full this week and the expected political wrangling and mud-slinging did not disappoint.
The larger the country, the less the likelihood of getting a leader who can be trusted with the job.
If left to their own devices, people will tend to come up with a society in which residents treat each other with equanimity and respect each other’s property. They’ll tend to help their neighbours, yet will otherwise respect each other’s privacy.
It was another shortened trading week due to the timing of the New Year holiday period this year. Despite the shortened week, there was no lack of market-affecting news.