If we measure the accelerating banking concentration, this year’s G20 clause permitting bank bail-ins, and now the rewriting of the post 2008 legislation which had seperated tax payers deposits from exposure to bank trading risk, then in what way has anything been done to limit, rather than increase the excesses of the financial system?
Dollars Distort Our Understanding of Wealth
Most investors measure wealth in dollars — but what if the ruler itself is shrinking? Since 2000, the S&P 500 is up nearly 5x in dollar terms, yet priced in
