In Moment Of Brutal Honesty, JPMorgan Says Economic Disaster And More Lockdowns Will Be Great For Stocks
Here is how it works. The weaker the economy, the more The Fed will pump in new money. The more new money, the more the stock market booms, because new money goes there. So a good economy may now be bad for stocks.
(From Zerohedge)
On March 27th Trump signed the $2.2trln CARES Act, and this, combined with a breathtaking array of asset purchase programs marked the effective start of MMT (Modern Monetary Theory) – with the Fed and Treasury coordinating policy.
And ever since, it has mattered less who wins this election. Because you see, once the link is broken between what the government must collect and what it can spend, who leads the nation is less consequential – at least to stock markets in the near-term.
Many smart and powerful people think there IS a free lunch, at least for them. There ain’t no such thing as a free lunch.
This article was originally posted here: https://www.ac2news.com/2020/11/in-moment-of-brutal-honesty-jpmorgan-says-economic-disaster-and-more-lockdowns-will-be-great-for-stocks/.
