To paraphrase the 17th-century philosopher Thomas Hobbes, the tenure of a corporate executive can be "nasty, brutish and short." Indeed, many CEOs and chief financial officers last just a few years on the job before the board decides that fresh blood is needed.
It's hard not to laugh at the irony of recent central bank currency actions.
When I was a broker this phenomena was explained thusly: Individual investors don’t make money in the market, they just borrow it from the institutional investors for a while.
Recently I was interviewing potential new writers for a financial newsletter, which I’ve been asked to help launch, and one of them (a professor of economics) told me that “the financial markets and the economy are two different beasts entirely.” Where do people get such ideas?
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