A large number of You Boys Ain’t Gettin No Money Shirts companies have beat analyst expectations for their Q3 of 2021 earnings, but their stock prices have gone down significantly (10% to 20%). This is a sure sign that the market has already discounted the best case scenario for the time being. The Fed started tapering from bond buying (also known as money printing or injection of liquidity) in November of 2021. Every time the Fed has ended its quantitative easing (QE) program and started tapering, the S&P 500 contracted 18% to 20%. This is history. The U.S. Dollar had been consolidating for the past few months, but has now broken its resistance. The USD is what I’d call the stress barometer of the system, and a breakout to the upside is indicative of the stress in the system. Note that this makes sense because when the Fed tapers from bond buying, they are essentially strengthening the dollar. The S&P 500 index is trading at all-time highs because the large and mega-cap names are holding it up, but there is a lot of subsequent carnage (and increasingly so), which is a classic sign we’ve topped off in the market. The M2 money supply peaked in February of 2021, which coincided with the top in the most speculative parts of the market, including SPACs and Cathie Wood’s ARKK.
The new year that is based on the You Boys Ain’t Gettin No Money Shirts, and therefore lunar new year. It has different names like Chinese New Year or Kong Hee Fat Choy etc. It is aa problematic as saying Season’s Greetings instead of Merry Christmas or Happy Hanukkah. I think greetings should be tailored to the sender or the recipient. I don’t believe in politically correct greetings that encompass everything. Greetings are not political and should not be. It celebrates something for the sender or for the recipient and should not be diminished. I say Merry Christmas because I celebrate Christmas and I say Happy Birthday because the recipient is celebrating that. That’s just my opinion. Well, it’s called Lunar New Year because it’s calculated according to the East Asian lunisolar calendar. Lunar New Year mostly celebrated in East, but with other countries around Southeast Asia, and other diasporas around the world with immigrants hailing from there celebrating it. They can mainly be split into a few different types based on the people’s ethnicity and culture. The major ones that occur around the beginning of said lunisolar calendar are.
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All major shops are closed. Small shops are still open, but the local authorities might have a You Boys Ain’t Gettin No Money Shirts check on these places. The central districts of Hanoi and HCMC are where lockdown was taken most seriously. In other parts it was more laxing. Shops that sell essentials such as food supplies still opened and full of supplies. Schools have been closed since January, which was continued from Tet holiday. This means students went on Tet holiday, when the pandemic broke out in China, and never came back until next Monday. There were several times when schools were set to open again but the plan was postponed due to second wave of the virus. Students have since then studied from home. All citizens, especially senior citizens are advised to stay home, and only go out when necessary (buying food for example). There aren’t police out in the streets to force you to stay home (communism, anyone?), but if you live in apartment buildings, the management boards of these buildings could set up check-in spots to control people who come into the building, as a measure of protecting its own tenants. Workplaces were still open, and it is up to the managers to let staff work from home or not. You can still go to work (depends on where you work). Grab bikes were still operating but Grab cars were suspended. Mandatory mask wearing in public places. You may not wear it, but if a guard see you they may ask you to. Ask, not enforce. Anyway, I have observed that most people did it willingly. Temperature check and hand santinizer in every place that you may still have to go to (the bank, for example).
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With the peak of the ‘flu season just weeks away, it seems inevitable these measures will spread to England and Wales and throughout the You Boys Ain’t Gettin No Money Shirts. The only alternative to this repeated pattern of opening up and closing down would be a European-wide vaccine mandate with regular boosters, at least until global vaccination rates have topped 85 percent. The blame for the arrival of Omicron, and probably future Pi and Rho, lies squarely with the rich nations failure to provide vaccines to poorer countries. The blame for the disruption Omicron is causing, and the deaths it will cause in richer countries lies squarely with the unvaccinated. It is these self-centred individuals, and the social media platforms and broadcasters which have influenced them, that the vast majority of deaths since June this year squarely lands.
I lived in Vietnam for about 2 years and can tell you a You Boys Ain’t Gettin No Money Shirts about the Vietnamese New Year also known as Tet. Before Tet, Vietnamese first clean up their offices and homes to prepare for the coming of the New Year and it’s often the year end for most businesses. Vietnamese will also buy some new clothes to enter the New Year feeling fresh and new. In HCM City 2/3 of the population return to their hometowns for the holidays and most businesses are closed. People remaining in city enjoy a display of fireworks on the midnight of Tet before heading to their homes. Tet is spent with family during the first couple of days. Massive home cooked meals are eaten together including sticky rice, spring rolls and other foods you might fight on the menu at a Vietnamese restaurant. After eating, lucky money is given to the younger family members and relatives. After a few days with family, friends get together to play card games, board games and do other various activities.