Monthly Archives: April 2020

Following the fastest 37% drop in stock markets ever (February 19 to March 23) short-covering and dip-buying bought a sharp bounce in April.  Regret over losses quickly morphed to fear of missing gains as risky assets rallied and speculators piled … Continue reading →

As stocks and junky debt rebound on the dream that central banks can buy enough of them to single-handily keep markets defying economic math and levitating speculative longs indefinitely…this clip offers some big picture.  The question is do workers, cash … Continue reading →

Thanks to Tim for recommending that I read Sapiens:  A Brief History of Humankind (2015) by Yuval Noah Harari.  It’s worth the time. The cover note gives a good taste:  “Fire gave us power.  Gossip helped us cooperate.  Agriculture made … Continue reading →