The Looming War Against China: Economic Logic Has Been Replaced by National Security Overrides
[ad_1] Yves here. One of the subthemes of the latest offering from Michael Hudson on the bizarre spectacle of the US escalating against China is puzzlement that the West is not operating in its best interest. Lambert has been chewing over this conundrum too. Perhaps it’s that they really do believe their propaganda, and still […]
Big tech’s dominance is straining the logic of passive investing
[ad_1] “Don’t look for the needle in the haystack. Just buy the haystack!” So wrote Jack Bogle, who founded Vanguard Asset Management in 1975 and brought index investment to a mass market. Subsequent decades proved him right. “Passive” strategies that track market indices, rather than trying to beat them, now govern nearly a third of […]