Fidelio Politics, re-send

Mon, 2017/04/03 - 7:47pm | Your editor
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Monday's blog did not go out so it is being re-sent. The Internet is a horror.

The New Yorker in its current issue suggests that we all join in applauding a performance of Beethoven's Fidelio at the Met with its stirring Liberty march:

“Nicht laenger knieet schlavisch nieder/ Tyrannenstrenge sey mir fern”.

In English (by me): We've stopped slavishly kneeling/ So the tyrant's strength is reeling.”

The magazine's target is Pres. Trump but I personally think it should be internet service providers using your data for gain without consideration of your privacy.

Markets are broody and depressed today, suffering from a what may have been a terrorist attack in St. Peterburg, Russia, which killed people on the subway system (metro) there. On past form this may have been a fake attack to boost the position of Putin and his buddies against the anti-corruption demos of the past 2 weekends. The haven currency, the US$, is up, resulting in a drop for all non-US stocks we own, because the US conversion of the local price has dropped. This can be a buy opportunity but the situation with Russia and, tomorrow, with China, makes me cautious.

More for paid subscribers follows from Canada, Britain, Israel, Mexico, Australia, Denmark, Swden, Russia, Grand Cayman, Brazil, Chile, and Argentina. For a change we start with funds, the part of our portfolio recommended for starter investors, in part because the news from that side of the portfolio is upbeat.

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