In the Middle Ages, at a time when the Church ruled Europe, some medieval religious holidays included a restriction on meat.
If any Federal Reserve staffer is reading this, know that we know that Powell is now facing his darkest hour. Wall Street now realizes that supply chain congestions have been greatly reduced and we STILL HAVE very high inflation.
All of the major currencies have formed important bottoms against the U.S. dollar in the past three months. For the majority of 2022, the strength of the U.S. economy, compared with Europe’s catastrophic problems and China’s communistic power grab that destroyed wealth throughout Asia, was the big winner of the year, but it also CRASHED the most bulletproof portfolio allocation in the world, the 60/40 mix of stocks and bonds.
When I was in Slovenia a few years back, my wife and I travelled to the national park and decided to book a canyoning adventure. With canyoning, the idea is that water holes, created along the ridge and within the rock formation, offer great spots to jump into the cold water or to rappel down to the pools.
For hundreds of millions of years, the Earth was solely dominated by sea creatures, like sponges, worms and jellyfish and living on dry land, outside of the water habitat, was considered to be IMPOSSIBLE and probably as inconceivable as living on Mars does to us today.
When Formula 1 teams design their cars, anything that isn’t engineered in a manner that achieves aerodynamic superiority and can be constructed in the most weight-effective way, is toasted out. When you want to fabricate the world’s fastest car, reducing drag is the game you’re playing.