Global Economic depression Party Like Its 1929!

https://twitter.com/bullmarketsco/status/1276105163099553792

The Biggest Disconnect Between Prices And Profits In Stock Market History?: Felder

Everyone is talking about the massive disparity between stock prices and fundamentals right now. To paraphrase Jeremy Grantham, we now find ourselves in the top 1% of stock market valuations and the bottom 1% of economic outcomes (based on the annualized rate of decline in second quarter GDP).

Real #GDP decreased 5.0% in Q1 of 2020, according to the “third” estimate released by the Bureau of Economic Analysis. Profits decreased by 12.3% at a quarterly rate in Q1 Corporate profits decreased by 6.9% From Q1 Last Year. Global #Economic #depression Party Like Its 1929!

— Planet Ponzi (@PlanetPonzi) June 25, 2020

Small businesses revenue trendline pic.twitter.com/3REDHQmNGL

— M/1_LP (@MI_Investments) June 25, 2020

Transmission mechanism clogged. Banks know there's massive credit risk in home loans that's frozen in forbearance. And they see unemployment has not come down (all-in on continuing and emergency claims 30.9M to 30.6M). Ergo, they see pent-up defaults & are demanding compensation. https://t.co/ApZknMeUyL

— Danielle DiMartino Booth (@DiMartinoBooth) June 25, 2020

OXFORD ECONOMIC TRACKER IS SHRINKING AGAIN pic.twitter.com/U85oedXDF1

— Win Smart, CFA (@WinfieldSmart) June 25, 2020

CORPORATE BORROWING pic.twitter.com/oxKpY4RB8h

— Win Smart, CFA (@WinfieldSmart) June 25, 2020

Oil falling again pic.twitter.com/TL0xm30Lln

— Win Smart, CFA (@WinfieldSmart) June 25, 2020

China's shadow banking system is coming under pressure, as the pandemic combines with excess debt to produce defaults. https://t.co/txNOdYK9lv via @financialtimes

— Carl R. Tannenbaum (@NT_CTannenbaum) June 25, 2020

#recession … US #Consumer #Spending edition https://t.co/84khxofH2P

— Invariant Perspective (@InvariantPersp1) June 25, 2020