It seems the pandemic and unemployment is finally causing voodoo economics (trickle down economics) to reverse course and perhaps cause trickle up economics, where the multi-billion dollar corporations and rich alike will begin to feel the pinch of poverty on a massive scale trickle up. Unfortunately while taxpayers got their $1,200 Checks they were robbed blind of over $4T to the FED which went directly to stabilize…
I'm frankly flabbergasted by what's going on with the markets. If anyone thought stocks were still somehow a projection of reality and an indicator of expectations on the future of a company's performance, well, that's clearly not the case anymore. I am really scared that a real devastating collapse is still looming, but I frankly have no clue of when that could happen and what could actually trigger it.
Eventually it will because businesses will never recover without consumers recovering. That said I don’t think it’s looming...again congress gave over $4T to the FED to stabilize the market. To put that runway in perspective consider how in 2008 we were on the brink of a total financial collapse, yet with only $1.6T used to stabilize the banks the financial collapse was turned into the longest bull market in history (over a decade) and record high markets. We are talking 2.5x that bailout this time around.