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Monthly Archives: April 2021
India offers cautionary tale on COVID-19 hubris
Confident they had beaten Covid, government officials relaxed restrictions on virtually all activities, including weddings, political rallies and religious gatherings. The northern town of Haridwar held one of the world’s biggest gatherings this month, with millions of people celebrating the … Continue reading
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It’s a Ponzi world
Bitcoin and other digital coins plunged last week, wiping over $200 billion off the value of the cryptocurrency market. Some cite the need to pay income taxes in April as a prompt to raise needed cash. A similar factor was … Continue reading
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Shilling: Bond and greenback bears mistaken
The US dollar and Treasury bonds outperform risky assets during “D” periods–disinflation and outright deflation. While inflation trades have won year-to-date, a return to “D” conditions remains probable in the second half. As usual, very few will be positioned proactively … Continue reading
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