Yes, but we have known all this for years. I would recommend the book Paper Money Collapse by Detlev Schlichter if you’d like to know the ultimate denouement. Apart from anything else it is perfectly structured and argued, with not a word wasted.
jim myers
4 years ago
Good analysis. Yes, we have known that marketmakers, corporate indebtedness, and buybacks were contributing to market fragility. But this is a good reminder and is a new idea to many. I question the idea that the author has that markets seemingly recover in a couple years. In any event, the prescriptions to establish a more stable system are easy to identify. The author does not mention the prescriptions. Perhaps because the prescriptions are unlikely to take place. Why discuss term limits, campaign finance reform, killing ETFs’, breaking up social media, imposing requirements on corporate governance that executive compensation be based on 10 years of performance etc. etc. The author suggests we are going to receive more monetary debasement, helicopter money, MMT etc. I suspect he is right.
raz369
4 years ago
the human race is the bubble and covid-19 is the pin
vladislav.molitvik
4 years ago
Great article. Swift and precise as it could be. Thank you
James Billot
4 years ago
Excellent article. Although it should be noted that Pelosi (and Schumer) is actually one of the few figures in Washington *opposed* to UBI. That’s why it hasn’t passed through Congress, in spite of Trump’s support.
Joger Rones
4 years ago
This is paralysis by analysis. Confidence in the market is shot, so prices go down. When confidence returns, prices will rise, as they always have. End of.
ajrius
4 years ago
A solid article. Couple of points though: -Tesla made money by selling cars; -Real economy might not recover as fast, as the income and savings of the consumers (that supported the already weak demand) are hit by lockdowns and not helped universally and timely enough to save the current framework of economy.
Jonathan Karmi
4 years ago
Superb analysis. Capitalism tends to be short-termist and driven by the greed, ambition and ego of CEOs. Shareholders surely prefer steadier, more sustainable growth, but they don’t really control things. Goodness, it’s a mess.
Yes, but we have known all this for years. I would recommend the book Paper Money Collapse by Detlev Schlichter if you’d like to know the ultimate denouement. Apart from anything else it is perfectly structured and argued, with not a word wasted.
Good analysis. Yes, we have known that marketmakers, corporate indebtedness, and buybacks were contributing to market fragility. But this is a good reminder and is a new idea to many. I question the idea that the author has that markets seemingly recover in a couple years. In any event, the prescriptions to establish a more stable system are easy to identify. The author does not mention the prescriptions. Perhaps because the prescriptions are unlikely to take place. Why discuss term limits, campaign finance reform, killing ETFs’, breaking up social media, imposing requirements on corporate governance that executive compensation be based on 10 years of performance etc. etc. The author suggests we are going to receive more monetary debasement, helicopter money, MMT etc. I suspect he is right.
the human race is the bubble and covid-19 is the pin
Great article. Swift and precise as it could be. Thank you
Excellent article. Although it should be noted that Pelosi (and Schumer) is actually one of the few figures in Washington *opposed* to UBI. That’s why it hasn’t passed through Congress, in spite of Trump’s support.
This is paralysis by analysis.
Confidence in the market is shot, so prices go down.
When confidence returns, prices will rise, as they always have.
End of.
A solid article. Couple of points though:
-Tesla made money by selling cars;
-Real economy might not recover as fast, as the income and savings of the consumers (that supported the already weak demand) are hit by lockdowns and not helped universally and timely enough to save the current framework of economy.
Superb analysis. Capitalism tends to be short-termist and driven by the greed, ambition and ego of CEOs. Shareholders surely prefer steadier, more sustainable growth, but they don’t really control things. Goodness, it’s a mess.