A clip from “Ferris Bueller’s Day Off” has been making rounds on social media. In the scene, the character played by economist Ben Stein discusses the Smoot-Hawley Act, a moment in history when Republicans increased tariffs aiming to boost revenue, but instead worsened the Great Depression. This raises questions about its relevance to current economic policies. In related news, UBS released its global investment returns yearbook on Tuesday, offering 125 years of data for analysis. The report provides insights into diversification and investing, especially during times of record market highs. — news from MarketWatch
