Under the Presidential leadership of Donald Trump
we are hearing that most of us can be can be back to work
by Easter, and that our churches will be filled with happy people again.
Besides being pure BS, it' is also disgraceful.
I live in the state of New , where there today are over 25,000 citizens
infected with the virus
If you want to hear what Presidential leadership should sound like,
listen to the Daily Press Briefing's by New Governor Andrew Cuomo.
He is a real leader,who' understands the gravity of the moment.
This is not a political endorsement, in any manner.
It is also not trading advise.
Rather it's simply a prediction.
By the end of this year, our current President will find himself in the unemployment line,
and our country,the economy,and the stock market,will have gone down the proverbial tubes.
We are in the midst of a health and economic crisis
that will only end,when enough people say with their vote,
that we are being led by a con man.
But, what if, a worker with a salary of $70000/year, is now out of a job. The government comes to the rescue, and that is now the guaranteed income for several months. What does that newly out of work consumer do with the money from the government? Hoard it? Pay off debt? Or buy consumer items, like trampolines, microwaves, home renovations? In order for the consumer to be prompted to spend government money on consumer items, won't those prices have to fall? And if they do fall, many sellers who are leveraged could be underwater quickly...I don't know...
I posed this question to Zsplit as well, you two folks seem to be pretty competent.
I appreciate very much reading your analysis. Thank you for taking the time to do it.
Stay safe over there.