So much has happened since my last note. It’s amazing how the markets have absorbed inconvenient events and moved ever higher. I don’t intend to dwell on the new President, other than to observe that his policies will deduct approximately 1.5% from anticipated economic growth.
Politics in the US are as divisive as I have ever seen and anger over politics and the management of the pandemic is growing. It is apparent that the citizenry have a short fuse and are...