Can we survive the next financial crisis?

Believable, and good, article. I was incredulous to start with as the article seems to first note that banks were doing well and went against my sense that big banks continue to be very greedy. As the article progressed my views were reaffirmed as it seems that the risk still exists, is bigger, but was simply shifted.

https://www.bloomberg.com/graphics/2018-lehman-anniversary/

Money for nothing and ...

My first thought was this would not work in countries like India, Sri Lankas, Pakistan ... but sharing because I think I may be wrong and some will and that can make a difference. Believe there are already groups in Delhi that help to improve the lives of "ragpickers" as they are sometimes referred to in India.

https://www.bbc.com/news/av/stories-45398184/a-clever-way-to-make-a-living-out-of-rubbish?SThisFB

Are stock buy-backs starving the economy

Those interested in the markets may find the link below interesting. May also explain why the markets do not necessarily reflect the economy and in some ways, the other way too i.e. the markets do broadly reflect the economy. Folks who think I am spouting nonsense, may be right, but I do think that the markets are often divorced from reality (explanations for a market's movements are best found after the fact); and that professional traders make money on volumes and transactions regardless of whether the markets go up or down while the average investor cannot know whether they will have a profit or a loss despite their often inflated opinion of their stock picking ability. I have time and again seen, especially in the case of Alpha types, that if they get something right, they attribute it to their intelligence, and when they are wrong, they keep quiet about it or will find some external factor to blame!

https://www.theatlantic.com/ideas/archive/2018/07/are-stock-buybacks-starving-the-economy/566387/?utm_source=fbb

A video on immigration

Sharing a post I made on F/B in 2016 that has to do with the benefits of immigration.

https://youtu.be/JoHCT2bUjwg


Perhaps you can also check out Gerben's You Tube page.