The US Economy Is "On Fire'; No One Is Going Back To Work; And The Global Economy Is Yet To Take Off -- June 17, 2021

Covid-19 vaccination rate:

• US: about 55%
• rest of world: about 3%

Crude oil demand: it was my understanding that demand for crude oil was going to fall off the cliff by 2022. 

Something funny happened on the way to 2035.

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The Geico Rock Award

We have the first 2021 nominee for the Geico Rock Award. 

Quote from Intel CEO yesterday,"the world is becoming more digital and needs more chips."