The Mystery of the Lockdowns
In “How many lives would a more normal president have saved?” New York Times columnist Ross Douthat wonders how many Americans died because of President Trump’s “abnormal” reluctance to embrace stricter lockdown measures. Douthat’s speculations never get close to the likely correct answer, though, which is . . .
The Chinese Emperor's New Economic Clothes
All economic data contain errors, but China’s are a work of art. Like its numbers on COVID-19 infections and deaths, its official economic statistics are political artifacts, carefully devised to cloak the failings and trumpet the superiority of China’s one-party political capitalist system over our liberal-democratic . . .
Bull Market Bull
Anatole Kaletsky has a thoughtful and persuasive piece (paywall) in Barron’s magazine on why global stock markets have a good deal more room to rise: ‘Four Reasons Why the Bull Market Has Far to Go’.
First, the world economy is finally swimming into a fabled ‘sweet spot’, with simultaneous, reasonably . . .
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