Global stock markets have started the year badly (New York Stock Exchange down 8%, MSCI World Market Index down 10%, Japan down by 19%). While many will view these markets as little more than gambling tools as they do not involve direct responsibility and ownership in the same way that Islamic company structure dictates, nevertheless, hundreds of millions of people globally depend on these markets for their retirement wealth and pension funds. They have also become a barometer for the success of the economies in which these companies operate. Central planners view the success of stock and bond markets as key to long term stability and the viability of Capitalism. As a result the main US and European markets have established “plunge protection teams” who will invest government money to ensure day to day stability, and the ability to suspend markets if they fall too far too quickly. But when short term intervention in markets (which are supposed to be free to go up and down!) becomes co...
"Thoughts are the greatest wealth of any nation."