The bank expects to "go deeper" in 2021 in what could "eventually amount to one of the most significant staff reductions at the bank as it looks to deliver on a promise to rein in costs."
"It is not surprising that our funds, which depend on models that are trained on historical data, should perform abnormally (either for the better or for the worse) in a year that is anything but normal by historical standards."
Whitmer deserved to be removed from office, because she "ignored court orders. Violated our Constitutional rights. Completely ignored due process and the legislature. Weaponized contract tracing databases to aid democrat campaigns..."
...but it's not a free pass for market bulls. Now that the cat is out of the bag, it's going to take more cuts, more often for the Fed to have an effect...
...the path will be volatile but selloffs are indeed dip-buying opportunities. It will end in tears at some point, maybe through political revolution or perhaps the collapse of fiat currency...
