WM 25 June 2022
Quotes Is usability the enemy of beauty? Lessons & Thoughts S&P rallies Lead or follow The riches own equities Selling Invest in good companies, run by good management "Post normal" science Confidence in the Supreme Court Double black holes merging emit more energy than all the stars in the universe combined or 3.6x10^49 watts How to succeed in a coup? Do not need lots of men, but need 150 to 1000 loyal men, some legitimacy, secure loyalty of the military, capture key administrative targets, control media and the economy. Sic temper tyrannis A strategist view Everybody is defensive now. So expect rallies in bombed out risky assets. Bond yields are a buy at 3-3.5% as inflation will tail off and roll over soon. The first shoe to drop was gold, now industrial metals and soon oil and agri. In a classic sequence. Recession will hit. That will be the point to buy a rally. However, beware that bear markets are digesting changes and are a function of price and time. H...