Monday 31 May 2021

A Stormy Summer Ahead? Apples To Oranges.

Baltic Dry Index. 2596 -92  Brent Crude 69.11

Spot Gold 1907

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

Deaths 53,100

Coronavirus Cases 31/05/21 World 171,033,299

Deaths 3,556,724

In any great organization it is far, far safer to be wrong with the majority than to be right alone.

John Kenneth Galbraith.

With US and UK markets closed today Asian markets are mixed this morning, with the week’s main focus on Friday’s release of the May US employment figures.

But given all the free money still pouring out paying people not to work or look for work, I’m not sure the employment figures are as meaningful as before.

Until all the disincentives to work are eliminated, I think we are comparing apples to oranges.

Below, the latest news from Asia.

Asia shares try to extend rally ahead of U.S. jobs test

May 31, 2021