ZH readers= this corona virus collapse will make those other collapses look like a walk in the park.
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The fed is in charge now. They will pump to the moon. This is the great divorce of the financial economy from the real economy. There is no stopping stocks now. It matters not what we actually produe cause the market will go up.
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Nice post. Reminds me of a phone call I had last week with a retired investment councilor friend of mine.
Best calls are for 90% of pre-virus economy. (my guess is 80%) These people have no idea how fragile this economic engine we have built is. Supply lines will take a couple yrs at least.
There will be a bit of a spike as folks celebrate being let out of their homes, but it will soon fade and the 20%+ unemployment will destroy this consumer debt driven economy.