04162021 :: Friday finance

Friday was day 87 of the Biden-Harris administration. Russia shall be blocked.

Inflation as measured by CPI went up, yields went down, gold lagged, crypto went up. Yes, yields declined in the face of real inflation data after all the superficial connections that were drawn between them rising, and incoming inflation and “recovery,” i.e. the so-called “reflation trade.” Then gold, the incessantly touted but totally unreliable inflation asset, barely responded (at first). In the case of crypto, so much is going on all the time that…