Pandemic strikes! & the Degenerate Portfolio Unveiled

We unveil the Degenerate Portfolio!

And plague has come to China, sparking a sell-off as fears of global pandemic fulminate. 

We reach back into the annals of history to discuss other plague fueled recessions, including:

-the Black Death of 1347, which ironically, originated in China and came to Europe on the Silk Road, and which led to the greatest recession of all time

-the Spanish Flu of 1918, which arguably contributed to the post World War 1 recession of 1918

-the SARS crisis of 2002-03

Again we discuss the multiplicity of recessions in the late 20th century, and how certain events can tip the scales of panic, as in 2001.

Then we turn to DAVOS! The summit of the elites! The theme of 2020 was CLIMATE CHANGE. Which might explain the irrational rally in TESLA and BYND.

And finally, we discuss Huawei! Despite the neocon conspiracy to bring down the Chinese telecom, the Pentagon intervened on behalf of American companies to stop the mercantilist intervention.