Now that SPY has exceeded its previous high from the crash, we are officially in a new bull market.
The primary issue (risk) bubbling below the surface is:
The real spectre of inflation. It is not a risk for tomorrow. It is a risk that is, if it occurs, still a little way down the road...
So, some first hand news from the Missus in Beijing.
Shop's and restaurants are closed in general.
Some supermarkets are open and playing a new government issued song about wearing a mask.
It's become a little popular apparently.
Masks are to be worn outside at all times.
There's 4 to 6 inches...
There appears to be emerging signs that China has not de-coupled from the rest of the worlds problems. Internal rampant inflation and pressure on food supplies from a cold snap may temper the rate of growth, with local implications/ramifications for Australia?
Food commodities the...