Monthly Archives: December 2021

I just got back to LAX from Zurich last night. The new regulations and required covid test the day before are actually a bit more complicated than we thought, mainly because they are new enough so that they aren’t well … Continue reading →

I’ve long been into travel, and I would routinely take two major off-season trips and a couple of minor trips per year during the 2010’s. Travel had been extraordinarily cheap during that decade, as a spring or fall trip with … Continue reading →

The big focus this week was on the jobs report and the CPI so that everyone could guess and the Federal Reserve’s tapering and rate hike schedule. Both seemed to support fed tightening. Both are also lagging indicators, so it’s … Continue reading →

Markets have continued to see pressure ever since Thanksgiving, as seen in the significant pullbacks in the S&P 500, the junk bond index JNK, commodities like gold, silver and oil, and cryptocurrencies like Bitcoin. The yield curve inverted as shown … Continue reading →