I was way too optimistic this morning when I predicted that the market would fall by 10% today as the pandemic is exploding & the fiscal bazooka is not even a small pistol when the monetary bazooka is an impotent liquidity water gun without huge fiscal bazooka: markets fell 13%!
I was way too optimistic this morning when I predicted that the market would fall by 10% today as the pandemic is exploding & the fiscal bazooka is not even a small pistol when the monetary bazooka is an impotent liquidity water gun without huge fiscal bazooka: markets fell 13%!
@Nouriel but this "small pistol" needs time to grow in order to become a real "thick berta". It's getting exciting.
@Nouriel You were right, nor even WWI or WWII deserve market corrections as this virus war deserves, after which never will be the same again. Sell as much as you can.
O que escrevi antes, @Nouriel confirma: sem produção nem demanda, estímulo monetário é empurrar corda. Fora meia dúzia de 3 ou 4, os economistas estão reprovados.
O que escrevi antes, @Nouriel confirma: sem produção nem demanda, estímulo monetário é empurrar corda. Fora meia dúzia de 3 ou 4, os economistas estão reprovados.
@Nouriel markets really fell after Trump started talking
@Nouriel Nouriel, how can I prepare for the upcoming barter economy - go long on cows or magic beans?
@Nouriel Is there a simple answer for dummies why fiscal policy can do more here than monetary policy?