China has fully vaccinated more than 1 billion people against Covid, over 70% of its total population
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Says the guy whose company was bailed out by the Obama stimulus and currently has a multi-billion dollar government contract
LET'S TALK ABOUT THE ECONOMIC BOOM People are talking these days like we did some huge MMT experiment and now we're stuck in a stagflationary quagmire. In today's @markets newsletter I wrote about how that's nonsense. For one thing, we're seeing a boom.
In 1942 the great economist Lord Keynes said, "Anything we can actually do, we can afford". This government doesn't agree because it says we can't do things we can do because it must first of all balance its books. Only one of them was right, and it wasnt our government.
The CPMI, #BaselCommittee and IOSCO report presents data-driven analysis examining margin calls in March and April 2020 and the extent to which market participants were prepared to meet them @IOSCOPress
@markets Somehow we're in a situation in which a record S&P 500, a rapid labor market recovery, a surge in household wealth, surging demand for consumer goods, rapid wage gains (particularly at the low end), manufacturers working non-stop is being depicted as evidence of a policy mistake.
#WATCH | Digital currencies explained: How are CBDCs different from other Crypto assets?