Markets are taking out the garbage

More than uncertainty, markets hate incompetence… that’s why this global sell-off is, in fact, so selective.

As global markets were gripped by the unfolding rout in emerging markets last week, the eye was caught by another story about a “rubbish tsunami” in Bali.

Apparently this tourist mecca’s beaches are drowning in garbage because Bali’s inadequate waste collection is overwhelmed by the amount generated by the tourists, so it gets dumped in the creeks instead and finds its way to the beaches.


SMS Code Sent…

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Log in to access this content

Looks you are already a member. Please enter your password to proceed

Hi {{ user.FirstName }}

Verify your mobile number to unlock a FREE trial

Looks like you've already taken a free trial

Please sign up for full access

Updating information

Please wait ...

Related Articles