Elliott Asset Management

Wars never work well for anyone involved and an economic World War has begun. Economic decoupling of the west from China will have long lasting negative effects on both economies.

And the only reason to impose such measure is world leadership is convinced of the likelihood of a shooting war. This is doubly not good.

Furthermore risks remain from the shooting war and gray zone tactics vis-a-vis Russia. And the political backdrop in the USA is dangerously volatile.

We remain cautious/negative on almost all investment classes other than our energy instructor plays.

Biden administration issues rules to curtail China's access to microchip technology | CNN Politics The Biden administration on Friday imposed sweeping new curbs designed to curtail China's access to technology critical to the manufacturing and operations of its military power.

Elliott v Commonwealth et al will be considered for United States Supreme Court certiorari in September, 2021. The question is, basically, what are the restrictions/limitation on application of the "(judge-created) doctrine of equitable mootness," if any, on dismissing a bankruptcy appeal without consideration of a case's merits? Specifically, does the doctrine usurp and preclude review of cases alleging violation of Constitutional rights?

www.supremecourt.gov

The economic effects of the coronovirus will be severe... And could even be much worse than the Great Recession, we agree:

The coronavirus-induced recession could become a depression, PIMCO says | Markets Insider 'Fiscal and monetary policy makers around the world will have to pull out all the stops to prevent what currently looks like an inevitable reces...

Sometimes we hate it when we are right. For almost a month now we have been warning about the economic fallout potential from the coronovirus and in the past couple of weeks have told people to prepare for the worst before widespread panic.

As usual few listened.

Monday I think the markets will violently start to fully appreciate the magnitude of the damage that is being done to the world economy. Tomorrow could be very ugly on Wall Street. But people dying and losing their jobs will be much worse