The past few weeks in markets have been dominated by the gyrations of selected securities including US-listed GameStop and, more recently, silver.
Almost as wild has been the spray of commentary by investors and analysts attempting to decipher what it all means and what should be done about it. The popular conclusion is that gains in individual securities measuring hundreds of percentage points, as was the case for GameStop, are indicative of a stock market that has entered speculative bubble territory. Calls for 'something to be done' without really knowing what that might be echo King Edward VIII's infamous 1936 call for action to alleviate the ravages of unemployment in the Welsh valleys, before abdicating just weeks later. ...
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