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devinem.bsky.social
Host of the History Podcast dedicated to the development and evolution of Money, Banking, and Trade. To support the podcast through Patreon https://www.patreon.com/HistoryOfMoneyBankingTrade Visit us at https://moneybankingtrade.com/
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Posts 14 Comments 36

Keynes' animal spirits are spontaneous are often driven by irrationality or at least overly an optimistic future. Without spirits, people will save too much, consumption, salaries production decline. People save more. Progress is based on excessive optimism. Without it, nothing gets built.

submitted 1 hour ago • 0 comments

In John Maynard Keynes' The Economic Consequences of Peace" (1920) "Society was so framed as to throw a great part of the increased income into the control of a class least likely to consume it..the rich preferred the power which investment gave them to the pleasures of immediate consumption"

submitted 3 hours ago • 0 comments

Pres Trump has now placed and removed tariffs repeatedly with zero concessions from other countries. Which chapter of Art of the Deal described negotiating with yourself? The message to other countries—ominously for the US economy—seems to be they should wait for when Trump concedes to Trump.

submitted 18 hours ago • 29 comments

The US spent 80+ years building up its reputation (good for the most part) only to have Trump rip it apart in 11 weeks.

submitted 21 hours ago • 0 comments

Global diversification of assets (Stocks and Bonds) is a good idea unless the whole world suffers a crisis at the same time. Trump is very much causing an international crisis that may hurt the US for a very long time.

submitted 21 hours ago • 0 comments

Henry Lowenfeld in the early 1900s said a portfolio of securities from around the world provide a stable return. This was 100% correct until WWI, USSR, WWII, Mao, etc. Investments are 100% safe and stable until they aren't. Trump could easily be the next great long-term asset destabilizer.

submitted 21 hours ago • 0 comments

Does Wall Street not understand that China literally shut down their economy for Covid just the other day? As such, I’d be shocked if they didn’t retaliate even further to Trump’s retaliation. Plus, they are talking to S. Korea and Japan. Only Trump could get 3 long-term rivals to bury the hatchet.

submitted 5 days ago • 0 comments

The first mutual fund "Eendraght Maakt Magt" Amsterdam 1774 by Abraham van Ketwich. Comprised the debt of Danish and Viennese banks; tolls; bonds issued by Russia, Sweden, Brunswick, and Mecklenburg; Postal of Saxony and the Pete extraction; Spain and French canals; British colonies; mortgages.

submitted 5 days ago • 0 comments

Folks, please understand: if there was a single forecast that showed higher gdp because of the tariffs, I’d put it out. But there isn’t one. Not even from the White House.

submitted 6 days ago • 41 comments

@noahlugeons.bsky.social

submitted 7 days ago • 0 comments

> @wutangforchildren.bsky.social

submitted 7 days ago • 137 comments

Those sneakers that were $150 may cost you $195 to $231.

submitted 7 days ago • 0 comments

Who did this?

submitted 9 days ago • 1454 comments

submitted 10 days ago • 0 comments