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Monday, May 04, 2020 5:25:13 PM
Central Banks - world wide are ALL IN - and will CONTINUE to be so - this time.
WHY ?
Because that every experience from earlier crises indicates - that it can take up 'to 10 years' - to get things rolling again after a deep recession/depression.
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This is why World Economy didn't already 'go into into a deep hole' - with the unemployment numbers growing every week.
G7(8) will this time do 'whatever it takes' to avoid 'a deep recession' (mening keep putting money into 'the system' (printing money) until the crises is over.
Remember there will always be' (have always been) even in the best of times 'a number of "experts" - arguing that 'the World is about to end'.
Nothing that Wall Streets like better 'than Panic/Wild Volatility In the Markets - that is when 'They Really make Money - so I would listen a lot more to say Buffets (an active long investor) than anyone eg. GS connected to Wall Street.
Jasbg
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