Post Conventions Spirit

Photo: Richard Lee on Unsplash          All signs indicate that the 2020 US presidential election will be contentious, and the result most likely be bitterly contested, regardless of who wins. The degree of polarization experienced nine weeks before the election, continues to be exacerbated by tweets, public statements, and actions taking place in different parts …

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Economy down, Market up, Does it make sense?

Photo by Zdeněk Macháček on Unsplash        While the economy registered a significant drop in this quarter, the market indexes skyrocketed. The fastest 30% drawdown in the history of global equities in the first quarter, followed by the most substantial 50-day advance in market history in the second quarter.  It proves that markets are driven …

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Mexico on the Verge of the Perfect Storm.

Photo by Michael Rogers at Unsplash Mexico on the Verge of the Perfect Storm      Contrary to the official view, the worst is not over. As a matter of fact, it is about to begin. Springtime arrived, and with it, the effects of a lockdown caused by a tiny virus. Whole industries shut down, leaving …

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Economic Policy in times of Coronavirus, two approaches

Economic policy in times of Coronavirus, two approaches         It is interesting to observe in a graph the correlation between the deluge of money released by the Federal Reserve Board since March, and its effect on the S&P 500 index. The moment the funds start to flow, the direction of the curve reverses its course …

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