Nearly 50 years ago I thought it would be a great idea to have a job wearing a three-piece suit, a “power tie,” and expensive shoes. And buying a new car every year. I was right. Know more:
Nearly 50 years ago I thought it would be a great idea to have a job wearing a three-piece suit, a “power tie,” and expensive shoes. And buying a new car every year. I was right.
However, if there was a turning point in history it might be on “Black Wednesday,” September 16, 1992, when George Soros broke the Bank of England and made over $1 billion. “Unofficially,” meaning if you needed US dollars since the banks seemed to be out of US dollars, the “black market” rate was 29.02, and this was on a day when the US dollar index dropped “unexpectedly” in Asia.I hate to use bitcoin as an example because the cryptonuts react as if I drew a cartoon of Muhammad or painted a naked Virgin Mary. But this is 2023 and to be expected.
I am certainly glad we have it all figured out. But that is Bitcoin. What about something from the “real” markets like equities?
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