Leading up to September 2008, Things started to go crazy after Lehman Brothers collapsed on 15 September.The market started selling off hard. The value of my options skyrocketed...
However, Karl Marx’s Das Kapital — written in 1867 — provided a strong critique of the capitalist system. The real idea was to rebrand capitalism into something more palatable for the voters of the times...
So even though Trump might not be 100% right when he says the US is ‘booming like never before’, he might get something close to it if he just says it over and over again.
This morning, Breville Group Limited [ASX: BRG] enjoyed a substantial increase in their stock price, following the release of their financial results ending 30 June 2018. The stock sits at $13.05 a share at time of writing, an increase of $1.41.
There can be little doubt that the US economy is strong right now. What’s harder to work out is whether stock prices have factored this in, or whether the bull market has more left in the tank.
With their last-minute deal on the ‘fiscal cliff‘, US politicians have proven yet again that government promises to cut spending are about as reliable as our own annual vows to do more press-ups, eat less cake, and stick to 21 units of alcohol a week.