Sunday, February 13, 2022

Krach!


 The world bourses are falling. TASE is 3% down and some stocks are under -10%. The speculators fear the Fed's rising interest rates, Europeans (and America that is indebted 100% of GNP) fear the correspondingly higher debt burden. I have no such fears but I don't like these oscillations. 

To the left, is a graph comparing 1927 and today. I am uncertain this superposition is valid or not. 

Sax Rohmer: "The hand that held my arm was bony and clawish; I could detect the presence of incredibly long finger nails--nails long as those of some buried vampire of the black ages! Choking down a cry of horror, I opened my eyes... and looked into the face of my guide. It was Dr. Fu-Manchu!"

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