‘A Lot Of Death, Unfortunately’, And One Curve You Don’t Want To Flatten
“A World War I or II or something.”
“A World War I or II or something.”
“Wearing a face mask as I greet presidents, prime ministers, dictators, kings, queens – I don’t know.”
“The point of equity funding over debt funding is it does not need to be repaid.”
“It’s increasingly difficult to find the words to describe the devastation”.
“These days everybody is working together.”
“God willing and coronavirus willing”.
“Intentionally incomplete”.
For right now anyway, economic activity ain’t possible – to speak colloquially.
These are surreal times, folks.
“I can’t make an accurate prediction”.
Historic outflows, daunting headlines and a rebalancing bid.
“Always a mess.”
“You don’t know what the numbers are in China.”
“Much higher public debt levels will become a permanent feature and will be accompanied by private debt cancellation.”
“Markets are all over the place at the moment – and currently trying to go up”.
Meanwhile, on the pandemic front…
“…but the faster the virus stops, the quicker and stronger the recovery will be.”
“We can’t shut the economy”.
“I mean, seriously Jon, let’s get real, what do you want me to do?”
“The only people befitting from this are algos”.
“Yet, without fresh capital, businesses will fold”.
“The package is coming in at about 10% of GDP. It’s very large”.
“So what happens next?”
“…do nothing more than ‘provide information using generalities”.
False dawn? Maybe. But…
The underlying economic reality is stark.
“The Governing Council will do everything necessary.”
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