Market Mad House

In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche

Brexit

My Thoughts

The Danger from One-Country Nationalism

By ignoring the rest of the world and international institutions, one-country nationalism makes a realistic foreign policy impossible. The refusal to acknowledge economic realities makes a modern economy impossible. That makes one-country nationalism a utopian belief that rejects reality which is dangerous.

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Market Insanity

Can Walgreens Survive Brexit?

The most interesting twist in this saga is that it appears Walgreen Boots Alliance can survive without Rite Aid, but Rite Aid might perish without Walgreen. The May 31 numbers show that Walgreen is making money but Rite Aid is not.

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Market Insanity

Goodbye Pound Sterling, Hello Bitcoin, Thank You Brexit

Britain’s Leave campaigners may have accomplished what Napoleon, Kaiser Wilhelm II, Adolph Hitler and the Soviet Union could not. The Brexit promoters may have set in motion a series of events that could destroy one of history’s great currencies; the Pound Sterling, and demolish what is left of the British Empire.

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