What was the difference between pre-Napoleonic and post-Napoleonic European societies? The French philosopher Michel Foucault once described the former as ‘Sovereign’ and the latter as ‘Disciplinary’.
“The rich get richer and the poor get poorer.” This famous adage has its roots in a biblical verse in the Gospel according to Matthew 25:29: “For to everyone who has will more be given, and he will have abundance; but from him who has not, even what he has will be taken away .”
While spending on services is still stuck in the grip of COVID-19, goods-related spending is fast-approaching full recovery. Recreation-related spending is more than 10% above its pre-recession peak.
Amid the coronavirus lockdown, asset managers are finding new ways to communicate with their clients remotely. The industry has much to learn from tech and e-commerce companies that deliver top-class client experience from a distance.
The Bumpy Road to a “Day After” Renaissance
Four themes driving our Midyear Market Outlook.
For institutional investors only
...in the present state of things in England, the people who do most harm are the people who try to do most good."
KC-10 “Hey Sir, how are you doing?”
F-15 “Great, kind of boring out there.”
KC-10 “Oooh man, I thought you would have some exciting news for me!”
F-15 “No, all quiet on the Western Front.”
…It’s almost like people really wanted a panic…”
