Who really believes in the Biden economy? No one of course.
It was just a matter of time before the wheels came off. We don’t know if this is the big one, but we do know the big one is coming.
The resurgence of Covid is stoking a risk-off mood as investors consider whether new lockdown restrictions will sap the economic rebound and reverse an equity rally that had driven stocks to record highs, according to BBG. Plunging Treasury yields are a signal of cracks in the global recovery, putting the onus back on monetary and fiscal authorities to support ailing economies even as inflation remains elevated, reported Zero Hedge.
President* Biden is destroying the U.S. economy and financial system. All in a bid to enshrine a new socialist order run by his handlers in Beijing.
More ‘QE’ won’t stop what is coming, it will only make it worse.
Economic data released by Washington no longer has any meaning. It’s all attached to the fake Biden economy.
Even with unlimited ‘stimulus’, the market cannot go up forever.
There will be another financial crisis very soon.
As they say on Wall Street, the market goes up until it doesn’t.
Don’t catch a falling knife.