honesty from the FED …(I assume they won't let him speak in public again) https://t.co/4WlvnsB0rf
— Tracy Shuchart (𝒞𝒽𝒾 ) (@chigrl) July 21, 2020
https://twitter.com/NorthmanTrader/status/1285646150477983744
The top 5 stocks in the S&P 500 make up more than 20% of the index for the first time in 40 years.
They have added 5% in relative market cap over the past year.
That's now a faster growth rate than the year-that-shall-not-be-named. pic.twitter.com/cphqiWrqxD
— SentimenTrader (@sentimentrader) July 21, 2020
Debt is neither free nor irrelevant, as interventionists want us to believe, even if interest rates are low. More debt means less growth and a slower exit from the crisis, with lower productivity growth and a tepid employment improvement. @mises https://t.co/B5iRS9Hncj
— Daniel Lacalle (@dlacalle_IA) July 21, 2020