Wednesday 21 April 2021

Peaky

Having reported (re-reported to rhyme with re-tweet?) a trough about a month ago, maybe we are peaking again, thankfully at a lower level than that in February, albeit quite a lot higher than the first peak, about this time last year.

China invisible. UK nearly invisible. US looking better than it has for more than a year. Rest of Europe holding steady. Other parts of the world, particularly Latin America and India looking bad. Let's hope big pharma - an industry we used to love to knock for its tricky pricing and excess profits - can crank up production of vaccines. 

PS 1: with a lot of big pharma being in India and China these days. Along with most of the iron and steel.

PS 2: graphic lifted from a free bit of the Financial Times. Where it is updated weekly.

Reference 1: https://psmv4.blogspot.com/2021/03/troughed.html.

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