by mark000
en.wikipedia.org/wiki/Economic_Stimulus_Act_of_2008
The Economic Stimulus Act of 2008 (enacted February 13, 2008) was an Act of Congress providing for several kinds of economic stimuli intended to boost the United States economy in 2008 and to avert a recession, or ameliorate economic conditions.
Recession had begun. This nipped it in the bud. Zero chance of a repeat this time.
2023: April. Recession underway with typical mild start (and as per usual mainstream would totally deny the fact). Recession recognition, serious financial crisis and market crashes (Stocks, Commodities, Energy, Corporate Bonds, Currencies, Crypto) likely in Q2 IMO. Best case = not until Q3.
Retail Traders are fully prepared for next week’s “Bank Earnings”. Reminds me of 2008.
BofA Global EPS Growth Model currently predicts EPS to fall -16% YoY by August pic.twitter.com/unYEGKlBlk
— Charlie Munger Fans (@CharlieMunger00) April 7, 2023
10 year/3mo most inverted in over 40 years. Bond volatility is far higher then equity volatility, gold screaming higher, Russel underperforming significantly. I hope the “soft landing” doesn’t hurt
You Don’t Need a Banking Crisis for a Financial Meltdown: WSJ
Post-2008 regulations may save us from a bank panic. The danger is every other financial institution.