bibliolater , to economics group
@bibliolater@qoto.org avatar

The problem with long term investments

If, in 1970, you invested $100 in a fund tracking the S&P index, then by 2023 the investment would have grown to $22,000, far more than it would have in other assets such as real estate or government and corporate bonds. Case closed, right? Put your money into an index fund and simply leave it there.

https://blog.datawrapper.de/long-term-investments/

@economics

antipode77 , to bookstodon group
@antipode77@mastodon.nl avatar

@bookstodon

Karl Polanyi
The Great Transformation

https://www.theguardian.com/books/article/2024/jun/23/the-greatest-thinker-youve-never-heard-of-expert-who-explained-hitlers-rise-is-finally-in-the-spotlight

... in the 1930s, wealthy Germans who saw the Nazi party as a “battering ram” against trade unions and socialists were persuaded to overlook Hitler’s antisemitism because it allowed the market system to flourish."

... a lot of German elites said to themselves: we’re quite happy funding Hitler because his street fighters will help crush the trade unions, so that we can make more profits.”

bibliolater , to economics group
@bibliolater@qoto.org avatar

: when do you think humanity will see the first person to become a trillionaire?

@economics

attribution: kschneider2991, CC0, via Wikimedia Commons. Page URL: https://commons.wikimedia.org/wiki/File:Money-2180330_1920.jpg

bibliolater , to economics group
@bibliolater@qoto.org avatar

: when do you think humanity will see the first person to become a trillionaire?

@economics

attribution: kschneider2991, CC0, via Wikimedia Commons. Page URL:https://commons.wikimedia.org/wiki/File:Money-2180330_1920.jpg

bibliolater , to economics group
@bibliolater@qoto.org avatar

: when do you think humanity will see the first person to become a trillionaire?

@economics

bibliolater , to economics group
@bibliolater@qoto.org avatar

How much of national income goes to the richest 1%?

You might expect these numbers to be strongly correlated to a country’s level of economic development. But this isn’t always the case. In the United States, for example, 1% of its population takes home 21% of national income. This is relatively high globally.

https://ourworldindata.org/data-insights/how-much-of-national-income-goes-to-the-richest1

@economics

bibliolater , to economics group
@bibliolater@qoto.org avatar

How much of national income goes to the richest 1%?

You might expect these numbers to be strongly correlated to a country’s level of economic development. But this isn’t always the case. In the United States, for example, 1% of its population takes home 21% of national income. This is relatively high globally.

https://ourworldindata.org/data-insights/how-much-of-national-income-goes-to-the-richest1

@economics

bibliolater , to bookstodon group
@bibliolater@qoto.org avatar

The Robber Barons who dominated the Gilded Age

But the four men who rode atop the wave of the Gilded Age were Andrew Carnegie, John D. Rockefeller, Jay Gould, and J. P. Morgan. Their business activities during the final four decades of the nineteenth century drove America’s ascension into the most powerful industrial nation on the planet. And they shaped the rules that governed the US economy for decades to come.

https://malwarwickonbooks.com/us-economic-history/

@bookstodon

faab64 , to palestine group

Al Jazeera reports that the US House of Representatives has adopted an amendment to the Ministry of Defense that prevents it from allocating any funds for the reconstruction of .

Disgusting evil monsters.

@palestine @israel

bibliolater , to economics group
@bibliolater@qoto.org avatar

🇯🇵 Why Japan’s Economy Is So Fiercely Inefficient | WSJ

WSJ’s Peter Landers explains how being fiercely traditional is weighing down Japan’s economy.

length: five minutes and fifty three seconds.

https://www.youtube.com/watch?v=K8MldJsSjl4

@economics

MarjoleinRotsteeg , to poetry group Dutch
@MarjoleinRotsteeg@mastodon.nl avatar
bibliolater , to economics group
@bibliolater@qoto.org avatar

[I wonder if there is any relationship between the price of gold and monetary policy?]

Why Gold Is More Valuable Than Ever Now

“WSJ breaks down the factors driving gold’s historic rise, and what makes it different from previous rallies.”

length: five minutes and thirty three seconds.

https://www.youtube.com/watch?v=SYu-xnjwN4Q

@economics

bibliolater , to economics group
@bibliolater@qoto.org avatar

[I wonder if there is any relationship between the price of gold and monetary policy?]

Why Gold Is More Valuable Than Ever Now

“WSJ breaks down the factors driving gold’s historic rise, and what makes it different from previous rallies.”

length: five minutes and thirty three seconds.

https://www.youtube.com/watch?v=SYu-xnjwN4Q

@economics

bibliolater , to economics group
@bibliolater@qoto.org avatar

[I wonder if there is any relationship between the price of gold and monetary policy?]

Why Gold Is More Valuable Than Ever Now

“WSJ breaks down the factors driving gold’s historic rise, and what makes it different from previous rallies.”

length: five minutes and thirty three seconds.

https://www.youtube.com/watch?v=SYu-xnjwN4Q

@economics

bibliolater , to economics group
@bibliolater@qoto.org avatar

Is a large and strong manufacturing sector essential for a nation's economy?

@economics

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