05-04-2020, 10:58 AM
The choices are really simple.
1. Tank the economy and save lives
2. Tank the economy and lose more lives
The "economy over lives" crowd is making an error in judgement, thinking lifting all restrictions is going to get us back to normal. No, the only normal we are going to have is a new one without restrictions that they are not any more ready to handle than the one that comes with restrictions.
It seems nutty, but realistically, everyone should just buy stocks. The Fed is 100% all in on mortgaging the future to prop up equity markets that are no longer valued based on expected future earnings now. Just don't be the last one holding the bag and you'll be good.
1. Tank the economy and save lives
2. Tank the economy and lose more lives
The "economy over lives" crowd is making an error in judgement, thinking lifting all restrictions is going to get us back to normal. No, the only normal we are going to have is a new one without restrictions that they are not any more ready to handle than the one that comes with restrictions.
It seems nutty, but realistically, everyone should just buy stocks. The Fed is 100% all in on mortgaging the future to prop up equity markets that are no longer valued based on expected future earnings now. Just don't be the last one holding the bag and you'll be good.