Europe had been moving towards the slaughterhouse for years, and by 1914 a conflict was all but inevitable—that, at least, is the argument often made in hindsight. Yet at the time, as Niall Ferguson, a historian, noted in a paper published in 2008, it did not feel that way to investors. For them, the first world war came as a shock. Until the week before it erupted, prices in the bond, currency and money markets barely budged. Then all hell broke loose. “The City has seen in a flash the meaning of war,” wrote this newspaper on August 1st 1914.
Apart from this, nothing in the article is worth reading.
Investors have their heads buried in there arses or rather in the charts and balance sheets. I think they delude themselves into believing that by buying selling what essentially amounts to promises, they think they are doing important work.
The only reason all that industry exists is because the government keeps devaluing and taxing our savings. The day we create an asset with easy transactions and that doesn’t devalue, with ease of exchange, they’ll be out on the street.
I remember it being graffitti’d at Wean Hall at Carngie Mellon circa 1990. (about half way down architect’s leap for fellow CMU-nies, around fifth floor maybe?).
I have a toddler, I totally can see them discharing a firearm. It’s not shocking on deadeye Janet, it’s shocking on the now dead parent who didn’t safely store their firearms.
Yeah that surprises me less given a parent seeing a child waive a firearm would be very nervous, same as I’d be if my kid was wielding a paring knife or the big knife with her sibling or cousin.
Haha. At my partner’s job, IT had to send out an email clarifying some message from a VP wasn’t phishing because so many people reported it for being suspicious lol.
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