Saturday 27 February 2021

Special Update 27/02/2021 Inflation Tiger Stirs. JJ Vaccine. 1933.

Baltic Dry Index. 1675 -25  Brent Crude 66.13

Spot Gold 1734

Covid-19 cases 02/04/20 World 1,000,000

Deaths 53,100

Covid-19 cases 13/02/21 World 114,000,595

Deaths 2,529,593

27 February 1933. The Fire That Made Hitler.

The Reichstag fire (German: Reichstagsbrand, listen (help·info)) was an arson attack on the Reichstag building, home of the German parliament in Berlin, on Monday 27 February 1933, precisely four weeks after Adolf Hitler was sworn in as Chancellor of Germany. Hitler's government stated that Marinus van der Lubbe, a Dutch council communist, was the culprit, and it attributed the fire to communist agitators. A German court decided later that year that Van der Lubbe had acted alone, as he had claimed.


Edgy stock casinos stabilized for dress up Friday to boost the end of the month figures, but the real test for stocks comes next month and the end of quarter test. Will a bout of take profits redemption's rattle the stock casinos?

Given the sharp sell-off in commodities led by oil, this time last year, going forward technical inflation is about to start showing up in the figures.

Bonds, gold and bitcoin, all seem to be signaling trouble ahead, albeit for different reasons. 

Bonds are signaling real inflation ahead, bitcoin is signaling a bubble bursting, while gold is in a puzzling sell-off. With inflation at hand, a gold sell-off represents a very real long term buy opportunity

If the central banksters move to reign in inflation, despite their oily public words, stocks will take the elevator down to the basement.

Yet if the banksters let the inflation tiger loose for the rest of the year, stagflation is the best we can hope for, and pray that the inflation doesn’t show up in food prices.

Below, this weekend’s round up of good, bad, and interesting news.

Bitcoin Slides in Worst Weekly Drop Since March Amid Selloff

By Eric Lam and Olivia Raimonde

Updated on 26 February 2021, 22:14 GMT

Largest cryptocurrency drops about 22% since record high

·         Selling in Grayscale trust may be contributing: Ayyar

Bitcoin’s rally hit a speed bump as the world’s largest cryptocurrency witnessed its worst weekly decline in almost a year amid wider losses in risk assets.

The digital token slumped 20% this week, the most since the pandemic-fueled selloff last March. The wider Bloomberg Galaxy Crypto Index, tracking Bitcoin, Ether and three other cryptocurrencies, was down 23% for the same period.

Bitcoin fell 5% to trade at $45,672 as of 5:00 p.m. in New York, according to consolidated pricing compiled by Bloomberg.

“It is a market that was ridiculously overbought and will probably be so once again in the not-too-distant future,” Craig Erlam, a senior market analyst at OANDA Europe, said in a note Friday.

Wall Street Week Ahead: Investors weigh new stock leadership as broader market wobbles

February 27, 2021