Price and mix improvements on a flat to declining employee base may have sustained Auto manufacturing profits in Q3, but at some stage they will need unit sales to recover. Unfortunately, with incessant covid panic and emerging stagflation, this remains mere fantasy, with November unit sales data from the ACEA disclosing a -17.3% decline across […]
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Revelations unfortunately are often painful events, particularly when one has been conditioned to accept and trust an authority. For Saul, it took some temporary blindness and a fall off his ass and on to his arse, but for many in the West this clearly is going to have to be a considerably more heart rendering […]
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“A huge miss” was how CNBC’s Rick Santelli framed the November US jobs report, which revealed a ‘mere’ +235k net new private sector jobs were estimated by the BLS to have been added in November. Perhaps if Mr Santelli was to add back in the -175k decline in the seasonal adjustment that the BLS included […]
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I guess no one saw this coming, did they? A new variant of the coofe, which is evading those expensive gene therapies and frightening all us sheep to keep taking our medicine and sign up for our social credit passports. Notwithstanding that these scary variants are a direct product of pushing a mass vaccination programme […]
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Just how much red pilling can a market take? How about the realisation that the economic recovery following the 2008 financial crash as been an illusion based on monetary easing that was conducted in a way to disguise the inflationary consequences, overstate economic growth while forcing investors up the risk curve, where they will be […]
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Another government statistic and another opportunity it seems to spin it to support a corrupt narrative. This time, it is the monthly US jobs data for September, where the headline jobs growth of ‘only’ 194,000 is touted as evidence of weak economic activity and ergo an argument for postponing any discussion of tapering by the […]
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Is it a coincidence that Singapore, like Israel before it, is currently experiencing a surge in COVID deaths at almost exactly six months after the start of its vaccination programme? Both countries were early adopters of a mass vaccination strategy to an approx 80% coverage, with Israel kicking off in earnest around the start of […]
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Norway stands out as an apparent success story on managing the COVID pandemic. Assisted by its small population and inaccessible communities, the strategy of digging a hole and hiding in it until a vaccine is available appears to have been vindicated by the low rate of infections and mortality, notwithstanding it having also pursued a […]
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