Monday, August 24, 2020

economy V or W ..?

interesting that economists are seeing the next recession in 2021, while stock market just passed the last high in Feb.

The big business have molded themselves to improve the earnings by cutting costs, coupled with Fed boost, but what about the small businesses ..? 

as i do my walks, i find most of them are hurting big time ..!

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30Y treas auction rates above 5p

Last it happend was in Aug 2007 - about 20Y ago and a market peak which broght the real estate and financial crisis..!