At what point does the Delta variant trigger a financial crisis?

Do you remember January 2020, when we began to hear rumours of a virus in Wuhan, China? A key question facing investors back then was…

Central banks are addicted to QE

Central banks and governments have successfully papered over the economic and financial consequences of the pandemic surprisingly well. That is as far as the aggregate…

A problem well stated is still only half solved

Last Tuesday we dug into what was behind gold’s surprise plunge the week before. I explained what the gold and bond market may have been…