"There is a significant risk that the holders of our common stock will receive no recovery under the Chapter 11 Cases and that our common stock will be worthless."
Rule one is that “stocks only go up”, as he frequently reminds his 1.5m Twitter followers.
Rule two: “When in doubt whether to buy or sell see Rule One.”
Following the relentless run up in risky assets off the March lows, we are seeing 2-way price action return to the market. USD strength is resuming as risk sentiment sours and gravity is visible once again in risk assets.
Sadly, it appears the UK State are intent upon continuing their Lockdown regime. In all likelihood this policy has already led to the premature deaths of more than 34,000 British people. Unfortunately that figure is set to rise.
...governments are no longer the only bodies that can ‘influence the future‘, and now is the moment where consideration must be given to ‘other entities as being the real engines of change‘...
US Treasury debt has increased by $2.86 trillion in 2020 (most of it in the past three months) less than the $3.0 trillion increase in the Fed's balance sheet over the same period.
