The thing that really bugs me about meme (popular “story” or “theme” stocks) stocks is that shorting (betting against) is a good mechanism or at least was a good mechanism for keeping stock prices reasonable. Short sellers are often made out to be terrible people, and sure maybe some of them are, but the simple … Continue reading Zombie Stocks →
“Sometimes, money. Just. Stops” said Warren Buffet, billionaire investor, in May at the Berkshire Hathaway Annual Shareholders meeting. The phrase “money stopping” refers to ceasing of trading of money for goods and services between people. Effectively the flow of money dries up, much like water in a drought. This is what happens in recessions and … Continue reading Alternative Money: The Wooden Dollar. →
Diversity and inclusion is a class issue – even in Australia My thoughts after reading the article ‘Diversity and inclusion is a class issue – even in Australia’. I think class and inequality in Australia is a really important issue. When I was in my senior years of high school my family fell on hard … Continue reading An uncomfortable topic: Class and inequality in Australia →
A recession is the name we give a downturn in the economy that has lasted at least 2 consecutive quarters. Usually an economy is in a recession well before the official statistics are released that prove it. In a recession, many people loose their jobs. We have seen huge job losses this year here in … Continue reading It’s a recession! How will I cope financially? →
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