Cassandras seldom get opportunities to be right about two disasters. Even the original Cassandra scored no notable victories after predicting the fall of Troy. But when a seer who successfully called one catastrophe warns of another coming, you might want to listen.
Imagine you were running for king of the world on a platform of slashing economic growth by 20% forever. You’d be lucky to get your own family to vote for you. And yet humanity insists on running the global economy on fossil fuels that are doing exactly that sort of damage.
How much money would it take to make you feel wealthy? What is wealth? What is money? These are just some of the mind-bending questions raised by the results of a new Charles Schwab Corp. survey taken way back in Ye Olden Times of February.
For all the benefits of the democratization of finance that gave the masses access to the markets on the cheap, the unavoidable downside is that it is impossible to ignore the market’s flailings any more. In olden times, you had to use a “telephone” to speak with a “human” broker to check on your portfolio, if you weren’t willing to wait for the “postal service” to deliver your monthly or quarterly statement.
A crypto thing called Omicron has soared more than 900% since Saturday because there is now also a Covid variant called omicron. That's it. That's the reason.
