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" ... China’s money supply growth measured by M2 has also been all over the place since exchange-rate flexibility was introduced. The average annual growth rate for this broad money metric has been 15.75% since 2003 (see the chart below). But, the money supply has zigged and zagged, reaching a high of almost 30% in the fall of 2009 and a low of 9.03%, today. ... "
" ... For 30 years now, when the world has zigged, the home of the lost decade has more often than not zagged. And here we are again as Japan’s economy contracted an annualized 5.1% between January and March. That, as China, the U.S., South Korea and part of Europe leave Covid-19 recessions behind. ... "
" ... It happened like this: I popped on over to Vitalik Butterin’s crypto money printing press, generally known as the blockchain Ethereum. I zigged and I zagged, in a technical way with a smart contract, fed the Ethereum miners about $100 and voila I issued myself a trillion clem tokens. Now I know the thrill that only bureaucrats and politicians feel when they create confetti money out of thin air. Brrrrrr it is definitely a buzz. The truth be told I went to a website that does the complex techie stuff for me, clicked a couple of buttons and whoosh there was my one trillion clem tokens in my Ethereum wallet, but the buzz of Brrrrr was real. ... "
" ... Since last summer, Youngkin has zagged when others expected him to zig by plunging directly into politics. Instead of running for governor, he pulled back and laid the groundwork for a future move into politics. I, for one, hopes he stays on his current path. What he’s doing now is far more interesting and vital. He founded, with an idea from his wife, an organization to help put Virginians back to work in the wake of unemployment as a result of the coronavirus lockdowns. ... "
" ... That didn't happen with Bitcoin. While stocks zagged, so did Bitcoin. Put simply, Bitcoin wouldn't have acted as a diversifier for a portfolio that had a significant weighting of stocks. As a result, there would be no risk reduction for such a portfolio, at least over the past month. ... "