George Osborne said recently that it was time to ensure Maths is taught to all under 18-year-olds. Apparently too many in that cohort don’t understand pensions, investments etc. Well basic arithmetic is all you need, and what’s called “The Rule of 72″.
The smartest person in the room is the one who knows what he doesn’t know. The rest are better served observing the following quote from Mark Twain: “It ain’t what you don’t know that gets you into trouble. It’s what you know for sure that just ain’t so.”
Beyond all the Black Swans of our imagination, the market’s response to crises arrives like Christmas came early in the financial space. Eddy Elfenbein of Crossing Wall Street once looked at this phenomenon of market rallies that have followed major geopolitical incidents, and revealed the correlation between the two over the last 50 plus years is quite striking…
Today’s chart comes from Scott Grannis of the Calafia Beach Pundit, a man whose insights and analysis are used by many a clever stock market Sherpa. Overall we seem to be knee-deep in a “Déjà vu to 1992” slow-as-molasses style of economic recovery, and yet the weather’s fine.