Saturday Despite the in-your-face hysteria of the WuFlu fiasco, it is not the most important story of the day, just the most titillating for the media. The destruction caused by the lockdowns is testament to the dopiness of our politicians the world over. What has become forcefully clear over the last sixteen months is that democracy is unworkable once … [Read more...]
Peak Uncertainty
Thursday The markets are manifesting an exuberant and giddy blend of hope and fear. The primary cause is the seemingly bottomless credit being pumped into the system. Crypto Mania (CryMan) will end up more famous than Tulip Bulb Mania as an example of group nuttiness. The problem is that either the credit will stop, or that the credit will become greatly … [Read more...]