‘Office-Using Employment’ in San Francisco and Silicon Valley Gets Hit

Jon Blogosphere, Economy, Market Commentary

I am going to melt your brain today. Vanguard has an ETF that allows you to get long world stock markets. The ticker: VT.
This raises all sorts of interesting philosophical questions. You see, if you are long every stock in the world, you are basically long global economic growth. Which is weird! Who has an opinion on global economic growth?
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Well, if you got long the human race circa 1880 or so, you have done pretty well. It is hard work being short human ingenuity. But there have been some big drawdowns along the way! We had a huge depression in the 30s and a die-off in the 40s. Global stock markets have certainly not gone up in a straight line – although they are today.

This post was published at Mauldin Economics on OCTOBER 26, 2017.