You know that famous XKCD famous cartoon about precedents in US presidential elections ? The principle is less easy to apply to macroeconomics. Here’s a chart from TS Lombard :
Elsewhere on Thursday . . .
— Tory peer Michelle Mone secretly received £29mn from ‘VIP lane’ PPE firm (Guardian)
— Why isn’t the whole world rich ? (Asterisk Mag)
— Can Nigel Farage make you rich ? (Bloomberg $)
— Is Alexa working ? (Benedict Evans)
— Adult performers, Trump supporters and parodies: who is paying for Twitter ? (New York Times)
— FTX’s regulatory chief had 4 job titles in 2 years. What was he really doing ? (NBC News)
— The race to save Serum, Sam Bankman-Fried’s other crypto exchange (Wired)
— Crypto: everyone was just that stupid (Heisenberg Report)
— Welcome to the Ambaniverse (Rest of World)
— Housing breaks people’s brains (The Atlantic)
— Members of Congress crossing ethical and legal lines in trading stocks (The Bullwark)
— How Jay Powell is bending time and upending the business world (Slow Boring)
— “ I was an intern at SpaceX years ago ,” claims some guy (Tumblr)
— The high price of absolutely everything at the airport (Vox)
— A guide to Mastodon circa 1985 (YouTube)