A year ago, on Greg Cochran's blog, we were speculating what were the chances of the corona virus mutating into a more virulent incarnation. Most viruses (virii) are stable and rarely improve their virulence. And for almost a year the corona stayed the same. But now in England a variety was detected that is five times more transmissible. It is incontrollable. We don't know if the new injection is effective for the mutated virus. I tried to get the injection but there is no place in the queue. That in spite my Mathusalemic age. There are 500 very sick corona patients in Israel.
The Economist warns about the danger of imminent inflation. 20% of all circulating dollars were printed this year. My conclusion is that the current dollar inflation is very modest vis-a-vis the flooding the markets with paper, meaning that the world economy is in deep recession. Massive multi-year stimulus is unable to cause an erection and make it potent once more. I am quite depressed.
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