With the vast amount of individuals already vastly under-saved and dependent on social welfare, the current economic devastation will reveal the full extent of the "retirement crisis"...
What's coming might make as much sense to some as the same way Hunter S. Thompson would reach for a case of ether when already so full of drugs that he looked like a petro-chemical plant.
"Policymakers are increasingly divided over how to steer the economy through a second wave of COVID-19, threatening President Christine Lagarde’s hard-won peace."
Negative interest rates do not obey the conventional physics of money. As rates approach zero – behaviours change. The controls reverse...When money costs nothing it is worth nothing.
"It is hard to become too bearish. As we look into 2021, growth should be stronger, policy will stay supportive with further fiscal spending. A vaccine is also expected to be deployed and life to return closer to normal by the middle of next year."
"We are not making [Trump’s tax] records themselves public because we do not want to jeopardize our sources, who have taken enormous personal risks to help inform the public."
This broad view of the relationship between Fed actions and stock market performance appears to suggest a causal link going from central bank policies to asset prices
"We have targeted the 200-day moving averages for the S&P 500 and Nasdaq 100 as good levels to think about, which are approximately 6% and 14% lower, respectively." - Morgan Stanley
"Our communities and the environment are inextricably linked, and Bank of America cares deeply about both and continues to explore innovative ways to enable investors to use their investments to help address these societal challenges."
