Do Not Go Gentle Into That Good Friday
“The world has indeed changed”.
“The world has indeed changed”.
America is so averse to the idea of “handouts”, that we’re willing to plunge the country’s small business owners into a Kafkaesque nightmare.Â
Go figure.
Crazy times, historic moves.
The Fed on Monday morning announced open-ended QE, effectively promising to buy unlimited amounts of
“Economic activity has come to a near standstill.”
A “massive rush for liquidity”.
The situation is fluid.
It will not surprise you to learn that Edwards doesn’t think stocks are “cheap” after rout.
Suffice to say some folks are concerned – palpably.
This is what “stress” looks like.
“Wild” is an inadequate adjective.
Worst-case outcome.
Now, in 2020, it’s not clear where we are, besides on the border of lost credibility.
Either way…
This is a good time to roll out the most nauseatingly clichéd quip in the history of market jokes…
“Markets appear sanguine, but at the very least”…
An across-the-board beat – or at least on a quick read.
When it rains bullish catalysts it pours, but under the hood, questions linger around the reflation narrative.
In other words, there’s a sense in which recession fears really aren’t “elevated” anymore.
“Awesome…except for the economy, profits and valuations”.
“Although I have no idea of the timing, as this cycle continues, I am getting more sympathetic to the idea credit is a time bomb.”
Now there’s a timeframe for “adjustment”.
“Make no mistake about it: The Trump Administration is the most corrupt administration of our lifetimes”.
“Dudley went over the cliff”.
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