If what you were 'taught' about the Great Depression is anything like my school time experience, it will go something like this: There was a Great Crash in 1929, which ushered in hard times, notably in the US. Someone called Franklin Delano Roosevelt then rode in to the rescue, and set up a bewildering array of interventionist state agencies to right the economy. Erm… that's it. Or is it?
If more than one of my school history lessons was devoted to the history of 1930s North America, I doubt it. So while I despair at the apparent lack of history teaching in our schools that can be the only thing accounting for why so many young Britons a) voted Labour at the last election and b) are happy to march under a flag with a hammer and sickle upon it, I should probably start polishing the windows of my own glass house before I elect to throw stones at those of others.
by John Kingham| Equities| 1 mins. to read Every now and then I like to take a look at the highest yielding stocks in the market. Not to buy them of course, because the dividend yield on its own is a crude tool at the best of times.
by Evil Knievil| Evil Diaries| 1 mins. to read There is a sequence in things. Take Interserve (LON:IRV) which announced a general cock-up on Thursday last. The shares tanked to 55p at which point I sold short. The following day IRV announced a contract win with DWP. The shares closed at 75p on the Friday.
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