Central banks have not merely inflated the bejesus out of assets prices. They have also caused the very foundations of financial markets to metastasize, yielding an endless array of new products that have no real economic function except to facilitate new forms of pure wagering.
The Australian army has begun forcibly removing residents in the Northern Territories to the Howard Springs quarantine camp located in Darwin, after nine new Covid-19 cases were identified in the community of Binjari. The move comes after hard lockdowns were instituted in the communities of both Binjari and nearby Rockhole on Saturday night.
Amid rising COVID-19 cases, Austria announced it would implement a full national lockdown. The country will also require COVID-19 vaccinations for all eligible citizens – the first such measure in Europe.
Democrats persuade a slim majority to approve the centerpiece of President Biden’s economic agenda, though the bill now faces an evenly divided Senate.
A source who works with Bank of America has disclosed a pilot program beginning Nov. 18 that plans to separate vaccinated from unvaccinated employees at an administration building in Jacksonville, Florida.