TIME FOR THE CABLE?

Over the years I have always found that my blog that follows the “Thanksgiving” holiday is a difficult one to choose the subject matter for. This year however is different, there is a plethora of fundamentals out there all worthy of noting in the “Soapbox”.

In order and for brevity’s sake, I will keep the bullet points minimal: -

TRUMP:

Thanksgiving Day an unhinged and combative press briefing
Still claims voter fraud and “Rigged Election” but STILL no evidence
He may not however, ever concede defeat.
More lawsuits are being filed in battleground states
Claims BIDEN did not get 80 million votes
Says he will exit White House by 20th January 2021
Threatens an airstrike against IRAN.
Adds more sanctions against CHINA.
CHINA PHASE1 trade deal only c.40% completed for 2020.
Announces Vaccine distribution in U.S. next week!
(I thought that distribution for vaccines that require (-80 C) storage had still not been agreed or finalized)
The pandemic continues to sweep through the U.S. Infections approaching 200,000 per day, Hospitalizations up at record levels and the death rate continues to climb.
FISCAL STIMULUS in the U.S. ignored by lawmakers in the U.S. Media shows lines of cars “as far as the eye can see” in Dallas, TX lining up to receive food parcels.
U.S. UNEMPLOYMENT: 25+ million American’s are out of a job. Another 800k were added last Thursday and there are more layoffs scheduled.

But hey listen; the U.S. economy is in great shape. The DOW JONES INDUSTRIAL AVERAGE passed 30,000. This was a source of great comfort to those waiting in line for food parcels, those now out of jobs with lawmakers deciding no stimulus was worth the trouble and for those catching Covid-19 or admitted to hospital tough shit on you.

TRUMP has said its ALL GOOD, so look, there is nothing to concern or worry you at all.

AWAY FROM TRUMP:

BREXIT negotiations start again this weekend in the UK following Michel Barnier’s period of self-isolation.
POLAND & HUNGARY have vetoed the EU 2021 Budget talks by wanting the “RULE OF LAW” condition in relation to the €1.8 trillion EU Recovery Fund.
GLOBAL ECONOMIIC performance is masked. We have MARKET BUBBLES in most economies fueled by Central Bank policies
GLOBAL DEBT is frankly out of control.
MASS UNEMPLOYMENT on a global scale to start to come to terms with in 2021 when sufficient vaccine distribution has taken place.
COVID-19 PANDEMIC still creating havoc throughout Europe with more lockdowns and curfews added on mainland Europe. Caseloads and Hospitalizations are higher, even with the average infected age rate reducing. Hospitalization occupancy rates are varied throughout the EU27, but it is too soon to call a lower trend.

It is now widely reported that the “Herd Immunity” level within the general population to erase the virus will be circa. 70%.

Given the vaccine “Double Shot” requirement with a one-month gap between inoculations and then adding this to the vaccine production limits and average populations, it looks like the fall / autumn of 2021 before the G10 will achieve the 70% level.

This timeline is in my opinion aggressive and it could be faster but there are lots of unknowns to factor in and I believe given the logistics it may take a little longer than initially anticipated, I hope I am wrong.

So, there you have it a plethora of information to pick from.... I choose the cable instead.