Dow jones: Wont be long before we see a mother of a sell off. pic.twitter.com/lOfoX6PN0G
— The Great Martis (@great_martis) June 23, 2020
⚠️Tourisme Collapse?@BillardPhillipe @EconGlobal @LordPolemos @AlessioUrban @TradersCom @LordPolemos @MI_Investments @D_AssetXRP_HDL @bocajoes @trading24h @tey_west @UCastellotti @SpeculaThor @TradingETFS12 @Rafael60980545 @ChileBitcoin @rsroc2 @ororealty @GabrielFox_1@paibad pic.twitter.com/ZvsCSzO7QE
— Antonio Pérez Algás (@apanalis) June 23, 2020
US is projected to experience a GDP contraction of 8 % !
« Global growth is projected at –4.9 percent in 2020, 1.9 percentage points below the April 2020 World Economic Outlook (WEO) forecast. The COVID-19 pandemic has had a more negative impact on activity in the first half of 2020 than anticipated, and the recovery is projected to be more gradual than previously forecast. In 2021 global growth is projected at 5.4 percent. Overall, this would leave 2021 GDP some 6½ percentage points lower than in the pre-COVID-19 projections of January 2020. The adverse impact on low-income households is particularly acute, imperiling the significant progress made in reducing extreme poverty in the world since the 1990s. »
Jet Fuel pic.twitter.com/e7saRXE6KX
— Don Draper (@DonDraperClone) June 24, 2020
“the S&P 500 is basically where it was last October… The P/E multiple back then, for 2020 estimates, was 18x; today it is 25x… The response from the bulls —“who cares, valuations don’t matter”” – @EconguyRosie
— Edward Harrison (@edwardnh) June 24, 2020
Oh, that's not true at all. Stock valuations (U.S. and elsewhere) have been the first casualty of rising inflation. It's only once stocks are deeply undervalued that the positive effect on nominal cash flows dominates the negative effect on valuations. Once the CPI triples, sure. t.co/9eWq6dHzIQ pic.twitter.com/UVm5Jut5tJ
— John P. Hussman (@hussmanjp) June 24, 2020
— Win Smart, CFA (@WinfieldSmart) June 24, 2020
"Even before the crisis, we were in an environment of low interest rates….This makes public spending relatively inexpensive and easy to finance."
Pls study Finance 101. It comes w/ a society destabilizing L/T Neg'tv Feedback Loop for banks + retirees + Bubbles + lower GDP👇 pic.twitter.com/3YQrOWT4Dp
— M/I_Investments (@MI_Investments) June 24, 2020
Growth stocks are stretching their lead again, surpassing even the peak of the 2000 dotcom bubble.
At least four major factors are terrifying economists and weighing on the recovery: the household fiscal cliff, the great business die-off, the state and local budget shortfall, and the lingering health crisis.
Americans are likely to see more “for rent” signs in the coming months as many businesses devastated by the coronavirus pandemic abandon offices and storefronts and potentially end…
China’s US$40 trillion banking system is seeing growing signs of trouble at its grass roots with bank runs happening at two small local lenders last week, a sign that a mountain of debt and an unprecedented economic contraction has started to take a toll.