I’ve been a bit discouraged by markets this week – the gyrations make for poor commentary. I guess the general message is to be short: short stocks, short oil, short Euros, etc. We’re back to zero S&P500 return in 2015. Just stay long fixed income (particularly in Europe) and long the US Dollar. That about sums it up.
Anyway, it’s Friday. I’ve really enjoyed this BBC radio series called Promises, Promises, which traces the history of debt from an anthropological perspective. Some really fun concepts and stories here, as narrated by the author of one of my absolute favourite books – Debt, the First 5,000 Years. The radio series is 10 episodes of 15 minutes a piece, so very digestible for those short walks outdoors or quiet time in the house.
Let’s hope for better markets next week, eh?