As the world desperately looks for an end to the coronavirus pandemic, vaccines have turned from a distant hope to present reality and now to a frenzied, grab-what-youcan free for all. The first signs that vaccine distribution would be plagued with power imbalances came after Pfizer announced successful third phase trials for its mRNA vaccine....
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The post-earthquake needs analysis
What matters on Wednesday, March 22
World automotive sector influenced by semiconductors (chip sector) demand
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What matters on Tuesday, March 21
What matters on Monday, March 20
Dollar lost its savings instrument edge
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A big slowdown in the rate of interest reduction!
The geopolitics of vaccines
Populism and Unreason
LET US PUT things in a historical balance sheet. In 1979, when the world was hit by the second oil shock, pent up inflation was unleashed and reached double digits. Jimmy Carter appointed Paul Volcker to the Fed and Volcker immediately hiked the interest rate and curbed all monetary aggregates, M1, M2 and M3. By...