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One topic we’ll not be addressing this Sunday is the government budget of a practically failed state on the southern tip of Africa. You’ll have had more than enough of column inches and verbiage this week, we have no intention of adding to the blah.
We referenced bitcoin in our last Letter on Sunday and shared our thoughts thereon. Coinbase facilitated the $1.5 billion Tesla bitcoin purchase.
A Happy New Year to our Chinese readers. The year of the Ox takes over from the year of the Rat. We wish all of you a much less challenging year than that just past.
Last week in the Letter our theme was cabin fever. Tomorrow, we are issuing a note "Stop the Game - I want to get off" in which we strip away the popular narrative on the GameStop saga.
Cabin fever is the theme for us this Sunday. That is, when it comes to the psychosis that is stock market behaviour in the US.
This was the week America had two presidents - an outgoing and an incoming one on Wednesday. The new Democrat administration is unashamedly "liberal" (US speak for leftist, in some cases far left).