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April 2021
European vaccination, Manchin, and Republican infrastructure spell European outperformance
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Tax and spend, crony capitalism and the peasant revolt
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Winning the footrace against the variants and approaching the new normal
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The Crypto land grab concept and technological displacement
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A quick word on bond vigilantism and market mania
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Crypto: a sea change in how we gain trust
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The ‘interregnum’ of risks to the upside as yields turn down
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More on inflation, the mutant wave in Canada, the stall in rates and the new normal
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The inflation bogeyman and the Fed reaction function
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Context for my bullish outlook in the US
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