I've repeatedly advised you shouldn't reference 2008, 2000, 1998, 1994 or 1982 if you want to understand what's going on. You need to go back at least to 1929. The Bank of England just said 1706 is a better frame of reference. I have to agree. pic.twitter.com/DQE2gScywy
— Jim Rickards (@JamesGRickards) May 8, 2020
I recall people used to say if you really want to know if there is an economic crisis, just go to the next restaurant and see if it is packed with visitors or not.
in 1998 it was packed
in 2001 it was packed
in 2008 it was packedin 2020 there are no restaurants.. 👀
— Russian Market (@russian_market) May 8, 2020
"In 2000 the net leverage of a BBB bond was, on average, 1.7x…By 2017 the average leverage was 2.9x. That means ratings agencies have seen fit to assign the same rating to a bond with 70% higher leverage than allowed just 17 years ago." t.co/e45YqeXjqi pic.twitter.com/uOWQO3ToCb
— Rudy Havenstein, gradually, then suddenly. (@RudyHavenstein) May 8, 2020
A Tragic Record: For The First Time Ever, More Than Half Of The US Population Is Not Working t.co/nElBBuAjbW
— Hipster (@Hipster_Trader) May 8, 2020