Tuesday, 12 January 2021

Bubbles Burst, Who Knew?

 Baltic Dry Index. 1761 +155 Brent Crude 55.62

Spot Gold 1858

Coronavirus Cases 02/04/20 World 1,000,000

Deaths 53,100

Coronavirus Cases 12/01/21 World 91,322,850

Deaths 1,952,979

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

Easy come easy go in crypto currencies. Bubbles burst and usually for no perceivable reason.  Stock gamblers look away now.

Still if sock mania fails in the next few months, it’s sure to get tagged as the “Biden Bust.”  We will never hear the end of it from dethroned Trump.

Stocks pause for breath as bond selloff extends

January 12, 2021

No comments:

Post a Comment