Wednesday 25 November 2020

2021 Biden’s World War Three? Stocks Euphoria. 1929?

Baltic Dry Index. 1178 +09 Brent Crude 48.15

Spot Gold 1804

Coronavirus Cases 25/11/20 World 60,108,193

Deaths 1,414,925

There can be few fields of human endeavour in which history counts for so little as in the world of finance. Past experience, to the extent that it is part of memory at all, is dismissed as the primitive refuge of those who do not have the insight to appreciate the incredible wonders of the present.

John Kenneth Galbraith

In the casinos, euphoria, DIA 30,000. Echos of 1929 before the October crash. But who remembers that?

Plus, ignore that President elect Biden just gave Japan a blank cheque to start World War Three.

Global stocks hit record high as Biden, vaccine lift global prospects

November 25, 2020

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