Without additional monetary support, risky assets are left on their own now. The lack of fiscal stimulus in the U.S. underscores the risk heading into the presidential election.
We live in a world of deception... Stop the deceit. Stop the stimulus. Stop the QE. Stabilize the money supply. Let markets determine the rate of interest...
"Vice President Biden’s proposals to raise the US corporate tax rate would make domestic stocks less attractive compared to international markets, all else equal, which could result in Dollar selling if US equities underperform."
The area where the pace of recovery has remained weak is the emerging economies outside China (EMXC), which account for roughly 25% of global nominal dollar GDP.
...either cascading defaults will accompany a recession, or government fiscal and monetary policy coordination is applied to eventually inflate it away...
Please try hard not to laugh when reading what "socially responsible, environmentally safe, aggressively progressive" companies that one buys when one investing into ESG.
