...systematic rules-based investors will mechanically generate “de-grossing” flows, because positions (in light of volatility) are now too large and have to be sized-down...
But what if normal Americans do not want to be lectured to? Perhaps real populism in America is simply letting people raise a family and grill in peace?
What goes down, must come up, and one quarter after US GDP collapsed by a record 31.4% annualized, moments ago the BEA reported that in Q3 the US economy rebounded by a similarly record high 33.1%, the biggest annualized increase in history.
The financial history of this young century will show how badly our reliance on bailing out markets with free money, bank-rescues and “stimulus packages” worked out...
"...as the coronavirus surges and the stock market plummets, we are still awaiting the Trump Administration's promised responses on multiple items of critical importance."
“The Biden documents never arrived in Los Angeles. Tuesday morning we received word from our shipping company that our package had been opened and the contents were missing...”