This isn’t a Credit Cycle.
This is a Systemic Cycle.
They pushed it Too Far. Beyond the Breaking Point.
Now the Systemic Collapse has Commenced.
There is No Stopping it.
From here, Annihilation.
On the Other Side, we can Rebuild Anew.
But for Now, Systemic Collapse.
— Paranoid Bull (@paranoidbull) May 2, 2020
The macro environment makes me want to be net short today, a recession starting from record valuations and debt. The technical picture only adds to the set-up at this moment, a 61.8% Fibonacci retracement on the S&P 500 from the Feb. 19th top. Resembles the 1930 relief rally. pic.twitter.com/brhlfMVAkV
— Kevin C. Smith, CFA (@crescatkevin) May 1, 2020
This is insane.
60 years worth of data.
The Australian economy never looked so dismal.
Yet another country imploding under a wall of debt. pic.twitter.com/EJ8Qyihfav
— Otavio (Tavi) Costa (@TaviCosta) April 30, 2020
Cycle been trying to turn since 2016.
They should have let it go sooner. https://t.co/Ne45R8oMLz
— Paranoid Bull (@paranoidbull) May 2, 2020
CLOs Risk Starring Role in This Recession When Default Wave Hits https://t.co/aLt0AAGv5i pic.twitter.com/bprlvczUtQ
— Jesse Felder (@jessefelder) May 2, 2020
Buffett / Berkshire posts $49.75B 1Q LOSS
Berkshire has $137 billion in cash
The company spent just $1.8 billion buying stocks
Spent just $1.7 billion repurchasing Berkshire shares.Strange (unless he has massive insurance losses)
🤔#buffett #berkshire #WarrenBuffet
— Reminiscences of an American Capitalist (@4Awesometweet) May 2, 2020
The Fed: "The economy is in a good place" – Feb 2020 before Covid-19 hit
No it wasn't 🤨 and the poor health of the last 20 yrs on the bottom 90% is why things are going to be even worse now. #FedPolicies@EricRosengren @RobSKaplan @marydalyecon @RaphaelBostic @neelkashkari pic.twitter.com/03G3P9JO7b
— M/1_LP (@MI_Investments) May 2, 2020
So Warren Buffett didn't buy, Hmmm…
— Win Smart, CFA (@WinfieldSmart) May 2, 2020
🇺🇸 US Heavy Trucks Sales Fell in March to 382K
Historically, before recessions and bear markets, heavy truck sales peak and then decline 👉 https://t.co/m11iBkSWhc #trucks #recession #recessions #markets #investing $spx #economy #economics pic.twitter.com/uP8E0E95Fw
— ISABELNET (@ISABELNET_SA) May 2, 2020
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