As far as I can figure out, watching the recent reports of stock markets making their bid for this year’s World Yo-Yo Championships, it works like this: if a bunch of rich bastards with too much money think shares will go up, they will go up; if the rich bastards think they will go down, they will go down.
And, among other things, this is how they determine whether we can afford to retire.
The Sydney Morning Herald said on August 7 that stock market plunges had wiped $30 billion from Australian superannuation funds over the past six weeks.
Recent comments
16 hours 24 min ago
19 hours 52 sec ago
21 hours 24 min ago
21 hours 39 min ago
1 day 4 hours ago
1 day 5 hours ago
1 day 6 hours ago
1 day 9 hours ago
1 day 10 hours ago
1 day 12 hours ago