At this point, the stimulus is already complete. We’ve taken interest rates to zero, gave no money to the middle class and created a barbell in American society where only the lowest income brackets (temporarily benefit) along with the ultra wealthy (think market cap north of $100B+). We’ll explain what this means for you and […]
Time is flying. The S&P is down yet again at roughly 2,200 (yes we realize the exact number is 2,237.40). Putting this in perspective, ten years ago it was at approximately 1,100. No we’re not going to use exact figures since that’s not the right way to invest over long periods of time. You want […]
Lots of brain cells were lost over the past 72 hours. People who believe that you can just “bounce back” from margin liquidations to people who still believe you can access Bloomberg terminals with a twitter link (which would mean their entire business is worthless). Instead of getting infuriated we’re going to offer solutions as […]
In short, we’re screwed. While we can fight off the virus and potentially stave off mass casualties, the economic damage is the real issue. Back in 2008-2009 there was a *centralized* issue. The issue was that many mortgages were collapsing. So the solution was drastic and simple, lower rates and inject cash to the major […]
If you’ve been following our twitter and general view of the virus, unfortunately COVID-19 has gotten much worse. Instead of wasting time debating people online we’re just going to outline some basic ways to make sure you’re in good shape once this virus plays out. Fortunately, you don’t need to do much beyond basic precautionary […]
