The Week That Matters (1st-5th August, 2022)

In economics, the majority is always wrong: John Kenneth Galbraith

Shouldn’t we all cheer up?

Business Week famously ran a front page story on August 13, 1979 saying that equities were dead. To be fair, the economy wasn’t in great shape at the start of the eighties and life sucked for the average person. A breadwinner in a household had to keep his job, while 7.2% of the population was unemployed. With double digit inte…