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Lessons for today: first, technology has a long history of driving structural deflation and second, global reserve currency status lasts for a long time.

"The twist creates a dynamic impression, giving the building the shape of a blazing flame..." 

A considered reflection of current events leads to only one conclusion, and that is accelerating inflation of the dollar’s money supply is firmly on the path to destroying the dollar’s purchasing power - completely...

At a virtual town hall in Brooklyn about how the pandemic will change admissions to high-performing selective schools, New York City officials got a lecture on systemic racism...

Is it indeed the case that Amazon's monopoly prices are now above its competitors? Not necessarily.

Real Vision CEO, Raoul Pal, and senior editor, Ash Bennington, discuss the growing shutdown measures in the U.S. even as the S&P 500 makes all-time highs…

Meanwhile, Elon Musk has published some interesting tweets about conflicting COVID test results.

We haven’t had a true seccession crisis in America in a very long time - the market certainly isn’t prepared for it.

On Friday afternoon, two news networks projected that Joe Biden will win the presidential election in Georgia and Donald Trump will win North Carolina, the last two state races to be called.

"Silly to think big stock market gains from here won’t provoke negative political (higher taxes), economic (higher inflation) & financial (higher yields) response."

"In times of stress, it's a go-to product, and we've seen a lot of stress this year."

It's all downhill from here.

"The order also said Stumpf "failed" to guarantee his certifications' accuracy..." 

 

 

Even as sales soared amid an unprecedented pandemic, DoorDash has continued to subsidize meal delivery for the sake of market share.

Let’s hope that the vaccine’s effects last longer than the positive mood that resulted from the news that Pfizer’s vaccine appears to be effective.

“Friday the 13th is still better than Monday the whatever...”

"You’ve got the second wave of coronavirus, new sets of shutdowns, clear problems around the world, travel dropping off again... But at the same time, we have the strongest possible evidence that we do have a vaccine..."

"Why pay 2-and-20 when they can’t produce returns when markets are volatile?"

"...the global rich triggered a 1,900% sales surge for UK country estates this year."