Saturday Links
"We’re witnessing the most difficult market for the most amount of participants in years. Spread traders, credit traders, macro guys, long-only funds, commodity traders: everyone is getting caught in the crosscurrents."
The price of gold in the year 2160: "So how did these money systems fail? Did their cultures implode? Did their governments fail? Quite the contrary, all commodity based money systems were destroyed by one simple factor—technology. At some point, technology enabled low cost production of the commodity, and the currency collapsed."
The second decline of violence was a civilizing process that is best documented in Europe. Historical records show that between the late Middle Ages and the 20th century, European countries saw a 10- to 50-fold decline in their rates of homicide.
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1 comment:
Second link smacks of a guy waving his dick around trying to show off. Too bad it's shriveled up and smaller than a midget's thumb.
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