Saturday 6 March 2021

Special Update 06/03/2021 Boom And Bust. A 22 Year Drought?

 Baltic Dry Index. 1829 +50  Brent Crude 69.36

Spot Gold 1701

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

Deaths 53,100

Covid-19 cases 06/03/21 World 116,674,535

Deaths 2,592,130

Capitalism is chronically unstable. Boom and bust has always marked capitalism in the United States. There were panics in 1785, 1791, 1819, 1857, 1869, 1873, 1907, 1929 and 1987.

John Kenneth Galbraith.

We open with the official spin on a volatile week in the casinos and the latest official employment figures from the US BLS, the Bureau of Lying Statistics.

All’s well buy more, there’s a big consumer spending boom coming, don’t you know!

Well there maybe a sugar rush boom from the next installment of free money, but what kind of a “boom” happens in the casinos after that, once food price inflation hits?

Wall Street Week Ahead: Investors weigh how far tech stocks can slide after volatile week

March 5, 2021

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