Borrowing fortifies a balance sheet like drinking tequila fortifies shrewd decision making t.co/j3xWgcjkyc
— steph pomboy (@spomboy) May 27, 2020
theyre rebalancing through friday. let it run its course. dont be fooled ……its not bullish. investment advisors are putting their sheeple clients into largely insolvent companies in the midst of a pandemic with china-us relations plummeting.
— hks55 (@hks55) May 27, 2020
— jeroen blokland (@jsblokland) May 27, 2020
Fun fact: FED spent over $300B to push SP500 above 3000 mark in recent days. In response, SP500 printed the session high at the opening bell today and yesterday. Wall Street thanks for the great exit.
— xTrends (@xtrends) May 27, 2020
And no one holds any of the Fed clowns accountable. They blatantly lie and deceive and yet are hailed as heroes. t.co/ynB6s4x5D1
— Michael Lebowitz, CFA (@michaellebowitz) May 27, 2020
U.S HOUSE BEGINS VOTING ON BILL TO SANCTION OFFICIALS FROM CHINA – BBG
— FXHedge (@Fxhedgers) May 27, 2020
The next time you hear that the US Dollar will weaken because of the Fed's monetary policy, look at Europe (or Japan).
ECB Balance sheet 44.6% of GDP
Monetary policy is not a game of who wins, but who loses first. pic.twitter.com/Ehbs8EzS8p
— Daniel Lacalle (@dlacalle_IA) May 27, 2020
BARCLAYS: “NYC Subway Ridership Remains Near Zero” pic.twitter.com/W0ptRfZe4O
— Carl Quintanilla (@carlquintanilla) May 27, 2020
"I'm cognizant that we're facing a lot of risk here and it could go badly." – Fed's Bullard
— Pedro da Costa (@pdacosta) May 27, 2020
There are 2 possible explanations for divergence between stock prices and the real economy. First is the economy will rebound much faster than many expect. This looks highly unlikely as it could take at least four years for economic activity to return to levels seen in Q4.
— Scott Minerd (@ScottMinerd) May 27, 2020
Economic prospects for the developed world this year have darkened again in the past month as the coronavirus pandemic has rolled from Asia to the Americas, with a V-shaped sharp recovery expected by less than one-fifth of economists polled by Reuters.
GMO, co-founded by Jeremy Grantham, says shares should be much cheaper given the ongoing ‘extreme uncertainty’ and calls out market euphoria
he United States, already wrestling with an economic collapse not seen in a generation, is facing a wave of evictions as government relief payments and legal protections run out for millions of out-of-work Americans who have little financial cushion and few choices when looking for new housing.
Although many contacts expressed hope that overall activity would pick-up as businesses reopened, the outlook remained highly uncertain and most contacts were pessimistic about the potential pace of recovery.
A body advising the U.S. Congress warned of growing risks for domestic investors from strains in China’s banking system and questioned Wall Street’s push into the Communist Party-ruled nation as it opens its capital markets.