Cockroaches of the investment universe, emerging market abortions & lunch at Lehman Bros
Great images, links and reading from Chartbook Newsletter by Adam Tooze
USS Franklin (CV-13) anchored in New York Harbor upon her arrival from the Pacific for repair of battle damage, circa April 28, 1945.
H/t @simonharley @Rich_Ships
I surveyed the European scene for Foreign Policy
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Chinese retail sales lagging
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Mississippi running dry
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San Fransisco Housing
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African railways (or the lack of them)
Cockroaches of the investment universe
"ETFs had become positively labelled by some as the “cockroaches” of the investment universe, after building a reputation for operating through any geopolitical emergency. … In 2011, when Egyptian stock markets were forced to close for a month on the back of uprisings and armed rebellions, ETFs continued to trade in the secondary market. The same was true of ETFs when stock markets in Athens shut down during the Greek debt crisis of 2015. Even Covid-19 was not enough to stop them.”
Source: FT
Lunch at Lehman Brothers
Vaccine development
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Abortions are an emerging market mode of birth control
Source: FT
Slogan for our times
Rejecting Prince
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Fred Ingrams