Tuesday, August 30, 2022

Yup...

 


Count on it.

Somebody else telling the truth, wow, what happened all the sudden?


'Big Short' investor Michael Burry says the US government is backstopping markets and the economy - and warns too much fiscal support will end in disaster


 "...suggesting the government is functioning as a put option for investors by limiting their potential losses.

(has been for a long time with "loose monetary policy".)

"Not just for COVID anymore," he continued. "And will be as good for America's economy as sugar for babies," he added, implying that fiscal support may stave off declines in asset prices and economic growth in the short term, but it inevitably results in a worse crash down the line.

(I agree with him and Peter Schiff, all this rearranging deck chairs on the titanic aint gonna do a thing when the time comes, we hit the iceberg, its unavoidable at this point.)





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