👉We are in a Venezuela-Shaped Recovery !! Recovery description:
This is a classic bear market rally. Nothing is normal in these markets; Despite the market’s impressive performance since the March lows. Something has to give.
Most people don’t know this.
From November 1929 to April 1930, the stock market ripped 50 percent after that initial plunge, and it lured so many people into thinking that, you know, we’re going to be having stimulus, and we’re past the worst part of the shock, but people didn’t factor into the fact that the shock produced a fundamental change in behavior, and the economy actually went in for another two years of distress.
That’s not what’s priced in right now.
I think that once we realize that the economy is not
going to embark on some V-shaped. The only V in this recovery will be as in “V is for Venezuela.” A Venezuela-shaped recovery.
I think we’re going to give up a lot of these gains.
We’re actually trading at a multiple that represents market peaks.
This is not the sort of multiple you get coming into a new bull market.
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👉Recommended Economic and Financial books :
Destined for War: Can America and China Escape Thucydides’s Trap?
How an Economy Grows and Why It Crashes by Peter Schiff :
Bitcoin: The End Of Money As We Know It
The Death of Money: The Coming Collapse of the International Monetary System
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👉We are in a Venezuela-Shaped Recovery !! Recovery Comments :