Global Markets Experience Unprecedented Trends

The article discusses the recent surge in gold prices and warns investors to be cautious. It uses the analogy of poker to explain the dynamics of gold trading, where 'strong hands' are investors who remain loyal to gold regardless of the price, and 'weak hands' are those who sell at the first sign of trouble. The article suggests that the current rally in gold prices is driven by a convincing narrative that strong hands outnumber weak ones, but warns that this narrative may not be sustainable. The article also touches on the broader financial market trends and the potential implications of the gold price surge.

The article discusses how older investors, particularly grandparents, are driving the surge in the US stock market, despite the potential risks of exacerbating a crash. While investing in equities may make sense for individuals, the trend could have broader implications for the market. The article contrasts this with the more flashy investing trends associated with Generation Z, such as crypto and meme stocks.

The article discusses how recessions have become increasingly rare in modern economies, particularly in rich countries. Historically, economies were volatile with frequent recessions and recoveries, but as capitalism matured and policymaking improved, recessions became less frequent. The article argues that the current rarity of recessions may be storing up trouble for the future, as continuous growth can make economies 'fat and slow'. The author references historical data from England and Britain to illustrate the trend of decreasing recession frequency over time.