While only 46% expressed optimism about the short-term economic prospects for their respective regions, 70% of respondents were optimistic about the long-term outlook.
"Ninety-six percent of investors worldwide say COVID-19 has affected their lifestyle in some way, with more than half mentioning practicing social distancing, avoiding crowds, and refraining from travel," UBS Wealth Management Divisional Vice Chairman Paula Polito said in a statement Wednesday. Governments and central banks around the world have deployed unprecedented fiscal and monetary stimulus packages in a bid to shore up their respective economies against the anticipated fallout, as prolonged shutdowns hammer demand and economic activity.
Makes for a bigger crash. Velocity is low and the bubble continues to grow. US Federal Debt to GDP ratio at unprecedented highs over 115% and little public spending. No amount of Federal Reserve easing is helping. The Fed will fail. We need to get back to a Gold Standard.
Makes no sense. It seems like wishful thinking. Oh well eat the losses. The defaults are coming and no amount of fanciful thinking will replace the losses.
'Herd Immunity' = young healthy people needlessly contract an unknown virus, that may reactivate at a later date in terrible ways like HIV does, by going back to work for 12.00/hr, so that Boomers can make a slightly higher return on their portfolios.
Nice accidental picture
Why wouldn't they? 🤷♂️🤣
The market can remain irrational longer than you can remain solvent
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Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: BusinessInsider - 🏆 729. / 51 Read more »