Fannie Mae-No Politics (FNMA)

[TRCPA]

The measures taken in the Spanish flu were far less radical than those taken today. And as cases re-spike in the summer, there will be significant consequences. And this is still the first wave.

Add in an expected 2nd wave in fall/winter season coupled with the seasonal flu (which nearly all epidemiologists are predicting both).....with likely little additional stimulus left to fund....and I think we have some troubles brewing for the next 6-7 months.

Afterwards, I see clear sailing, post-vaccine.

I think Jamie Dimon is seeing this same picture, and it is why he may be anxious to get a jump on things as an investor before the boom comes in 2021.....as he sees Chase getting in on the cheap in the meantime.