Covid is merely the whistle. The economy is the train.
Logically speaking, we are assisting at:
- The decoupling of the world economies
- The formation of blocs
- The lowering of reserve price for western labor
- Price inflation, income stagnation/deflation for the western labor
- A China-US negotiated restetlement of the world
- Lots of misdirected noise from another lost generation.
- An opportunistic jump into the action by the Davos mini-crowd.
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