Don't mistake the whistle for the train!

 Covid is merely the whistle.  The economy is the train.

Logically speaking, we are assisting at: 
  1. The decoupling of the world economies 
  2. The formation of blocs
  3. The lowering of reserve price for western labor
  4. Price inflation, income stagnation/deflation for the western labor
  5. A China-US negotiated restetlement of the world
  6. Lots of misdirected noise from another lost generation.
  7. An opportunistic jump into the action by the Davos mini-crowd.   

Popular Posts