“If you are on the wrong road, progress means doing an about-turn and walking back to the right road; and in that case, the man who turns back soonest is the most progressive man.”
- C.S. Lewis
Historic day for world #oil with EU import ban and #pricecap on #Russia oil. Marks the end of global oil market of the last three decades and beginning of the partitioned world oil market.
Do you think that the art market behaves in tandem with the current economic situation ? Apparently not.. I think there is a lag between the two because of these factor - access to liquidity.
"A beautiful night for art, philanthropy, and for Paul Allen's legacy."
@gcerutti CEO @ChristiesInc discusses their record-breaking $1.6B sale of Microsoft co-founder Paul G. Allen's art collection.
We talk client competition, art market strength & leveraging digital tools.
Revisited this on Dec 6, 2022 and read all the comments. Well guys, please read again after observing what has happened with FTX, mass layoff with technology and start ups among many other things happened. The punch bowl has been removed...
The US Fed’s money machine is in overdrive. It’s creating a speculative mania in, you guessed it, speculative assets, like Bitcoin. Beware. When the Fed takes away the punch bowl, the bubbles will pop.
https://t.co/jIIgCPxwb0
"It's likely to be the largest week of art sales across the auction houses ever, says @sothebys CEO Charles Stewart. "There's a view that art is an incredible store of value."
The National Museum of China houses two bamboo-shaped bronze #tallies with gold-inlaid inscriptions. Dating back to the Warring States Period (475-221 BC), they were owned by Marquis Qi of E, the Chu State, and are evidence of ancient economic and tax systems. #MuseumTreasures
Last year, an @oxmartinschool study found that in countries such as the US and the UK, adopting a vegan diet could slash your food bill by up to one-third.
#WorldVeganDay
We are determined to do what is necessary to bring inflation back to our 2% target, President @Lagarde tells @DelfiLV. The longer inflation stays high, the greater the risk that it spreads throughout the economy. That is something we must avoid https://t.co/qw58TU7Ehl
FYI, the usual end-of-month table of returns for major asset classes.
Most notable October development:
Strong bounce in #stocks, erasing some of the prior large year-to-date losses.
What next? Depends in part on whether fundamentals can validate the liquidity-induced comeback.
Years ago I suggested investing in cans of tuna. Why? Because tuna is a derivative of diesel. TuckerCarlson just reported diesel supplies gone. Went to Safeway bought tuna 5 cans for $1. Stock up. Next lines not at gas stations. Next lines at grocery stores. Diesel feeds world.
Reminder to oneself that life is wonderful and should not be taken for granted. With all things happened in the world now such as inflation, stagflation, war, hunger and many more..there is a thing called hope..
#inflation#economic#economics#economist#stagflation
"What kind of a world would it be if everybody was an absolute identical duplicate of anybody else. You might as well destroy the whole world and just keep one specimen left for a museum."-Milton Friedman
https://t.co/jOnSYOVwV4
#miltonfriedman#economic#economics#economist