How the Tech Giants Make Their Billions
The four biggest tech companies in the US (Apple, Microsoft, Amazon, and Alphabet) are now worth more than all publicly listed stocks in Japan combined
Image: Twitter at the Gates of Troy
Via the great Michael P. Rameriz
Lyn Alden: We’re Seeing World War II Era Monetary Policy
Gold has been outperforming the S&P 500 since 2018
George Friedman: Crisis in Europe
Why independence and conflict are intertwined
The Trade Deficit Is at the Heart of America’s Financialization
In the last 45 years, the US trade deficit was roughly 150 times larger than the trade surplus it amassed during all previous American history.
Map: The Spread of the Black Death from 1320 to 1353 AD
Best know for killing roughly a third of Europeans at the time, the plague also likely killed a similar number in present day China
Image: Tyranny
Via the great cartoonist Michael P. Rameriz
Daniel Lacalle: Eurozone Recovery to Be Particularly Slow and Painful
A “very very long and difficult process”
Peter Fisher: Time to Worry About Chinese Stocks
“One of the only places that uncertainty about the future can get expressed is in the equity market”
The End of a 40 Year Era and the Mystery of What Comes Next
We are approaching a long term inflection point that will define the coming decades