WaveLength

It's a four-day week for equities in the US. Three and three quarters for bonds. In all likelihood, COVID headlines will comprise the majority of the news flow. The White House will apparently unveil some manner of "Winter Plan" (capitalized) to cope with an expected Omicron wave. New York state logged a record number of cases late last week. Hospitalizations and deaths are nowhere near pandemic highs, though. In the UK, the situation is arguably worse, although again, even the most cautious e

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2 thoughts on “WaveLength”

OER aka fake inflation. It is neither inflation from monetary inflation nor price inflation perspective. It’s theoretical “inflation” that no one actually pays. I wish we were able to get data that was solely practical stripping out OER and other theoretical inflation. And don’t get me started on the fallacy that is the “basket of goods”.

Mark Twain was right.