Gold is rising again after a pause for breath as monetary insanity meets recovery slowdown. pic.twitter.com/cJAKv2PqZ4
— Daniel Lacalle (@dlacalle_IA) October 9, 2020
Quote of the day:
"Within a day of tweeting he was calling off bipartisan talks for a coronavirus #stimulus deal, @realDonaldTrump phoned @GOPLeader and indicated worry by the #stockmarket reaction and wanted a #BigDeal with @SpeakerPelosi."
The #market is not YOUR JOB! pic.twitter.com/EHAkxUJDWA— Lance Roberts (@LanceRoberts) October 9, 2020
Almost every economic indicator has somewhat bounced since the pandemic lows.
Fiscal deficit?
Still with the pedal to the floor.
Debt imbalances are piling up at an absurd pace. pic.twitter.com/PfpHWq2Vab
— Otavio (Tavi) Costa (@TaviCosta) October 8, 2020
… and none of it for you, poor people. Sorryyy! Gotta bail out Private Equity and $AAPL bond holders first. pic.twitter.com/PsM2wvaXmD
— Darius Dale (@HedgeyeDDale) October 8, 2020
Government debt as share of GDP.
United States: 107%
Canada: 89%
Argentina: 89%
Brazil: 75%
Bolivia: 57%
Ecuador: 49%
Colombia: 48%
Mexico: 45%
Chile: 27%
Peru: 27%
Paraguay: 22%
Cuba: 18%— Win Smart, CFA (@WinfieldSmart) October 8, 2020