April 2: Making it rain in the Biden economy

In which, the hydra of COVID rears its head(s), China throws a “bloc” party, the Biden economy gathers (potential) force, and the Suez traffic jam gets untangled.

Crisis averted in the Suez Canal

Starting off with the good news. Just last week, they were saying that it could take weeks, weeks, to float the Ever Given and get the Suez Canal opened back up. It took just six days due to heroic efforts on the ground to free the ship.

The hit to the global economy wasn’t what some feared, but they’re still going to take…