The Easiest Game of Connect-the-Dots

“In 2013, scientists at the Wuhan Institute of Virology collected horseshoe bat feces at a cave 1,000 miles away infected with a coronavirus 96.2% identical to the virus which causes COVID-19 (Nature). “Peng Zhou, Wuhan Institute of Virology’s head of Bat Virus Infection and Immunization, was researching “the molecular mechanism that allows Ebola and SARS-associated coronaviruses to lieContinue reading “The Easiest Game of Connect-the-Dots”

20 million Americans Jobless

20 million at the end of 2020 compared to 2 million at the end of 2019. And that doesn’t count those who were pushed out of the workforce by US deficit spending and open border policies. California (and New York) top the states with the biggest increase in jobless claims (as lockdowns accelerated). https://www.zerohedge.com/personal-finance/2020-ends-around-20-million-americans-still-jobless-benefits

Inflation Ahead? Or Is It Already Here?

Here is the M1 – the most liquid of all measures of the USD money stock. Note the growth during the Obama years following the Great Financial Crisis. Slowed a bit under Trump. But relentlessly grew faster than the economy. Until CoVid hit when the M1 exploded. Until November 2020 when the M1 went hypersonic.Continue reading “Inflation Ahead? Or Is It Already Here?”

The Mathematics Against Lockdowns

In a bioRxiv preprint first posted October 21, 2020 (and later published in Molecular Biology and Evolution), Dellacour et al. (2020) report their studies of the spatial density of available SARS-CoV-2 genomes mapped in the Belgium epidemic. Their phylodynamic analysis demonstrates real-time dispersion dynamics of SARS-CoV-2 lineages. Among other things, their spatially-explicit phylogeographic analyses highlight thatContinue reading “The Mathematics Against Lockdowns”

Deer in the Headlights

“Most Americans think there was wholesale fraud in the election. Almost all of Trump’s voters think the election was stolen. How can The Pretender rule when close to half the people think he’s illegitimate? If he gets the Epstein treatment and Willy Brown’s concubine is installed, how can the political class keep pretending America isContinue reading “Deer in the Headlights”

Asset Bubble Dynamics

J. Wolinsky: “Based on the dot.com experience, popping bubbles are often associated with the complete collapse of companies like eToys, Pets.com or Webvan, but that is as much the exception as the rule. It is equally common that following an immense and unsustainable rise in stock price, the bubble pops without much change in the operationsContinue reading “Asset Bubble Dynamics”