Rate of Covid-19 re-infection is ‘low’
There is a spike in Covid-19 (CV) infections after F1, that's somewhat expected. But to have 15% reinfection rate, that's really abnormal. Unless if you are immunocompromised, else even for seasonal flu, once you are infected once, most probably you won't get reinfected again during the same season until 1 year later. This is...
Borrowings by poor countries
Poor countries need to borrow money from rich countries to fund their infrastructure and economic development. They have to pay interest on the borrowings and return the capital at the end of the term. Ideally, the borrowings should be denominated in their local currency, but it is not accepted by the international lenders. They...
China will sell USD
President Xi has instructed the state banks to sell the USD. This is to help strengthen the yuan, which has dropped significantly against the USD. There is a longer term implication. When China sells the USD, many speculators will jump into the bandwagon and dump the USD. This may cause the USD to collapse. Remember, American...
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