Supply-Chain Risks For The COVID-19 Vaccine

/ January 29, 2021

In a press conference on Tuesday, President Biden announced that the federal government is working to purchase an additional 200 million doses of Pfizer and Moderna’s COVID-19 vaccines, with the goal of having enough supply to vaccinate the entire adult U.S. population by the end of the summer.

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The Senate Upheaval

/ January 8, 2021

The U.S. political scene took center stage this week as many American’s sat stunned as we witnessed unbelievable footage of the riot on Capitol Hill. Yet, nearly as surprising was the reaction of the stock market, which rose 1.1% on Wednesday and another 1.48% on Thursday, despite the chaos that erupted during Wednesday’s Congressional electoral college vote.

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The Boom of 2021

/ December 25, 2020

As most loyal EVA readers know, for the 15 years of this newsletter’s existence, I’ve been a believer in, and forecaster of, subdued inflation.  In fact, I’ve often written that for nearly all of my 42-year career I’ve felt that inflation would stay low, despite some intermittent flare-ups late in economic expansions.

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The 10 Important Changes of The Past Year

/ December 18, 2020

As the year draws to a close, most financial market players like to project themselves forward and attempt to figure out what challenges, or surprises, the upcoming year may have in store. The aim of this piece is to do precisely the opposite: instead of looking forward, I propose to look backwards at the important changes of the past year.

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Four Exaggerated Concerns

/ October 9, 2020

Keep Calm and Carry On was a motto developed by the British government in 1939 in preparation for World War II. The mantra was posterized to raise the morale of the British public, who faced mass air attacks on major cities.

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