| | | | I think there's something strange about how consistent many companies' earnings have been during this non-year. How can business possibly go unaffected, when there is none? Going one step further, subsidies, or insurance, as you said, seems like the only explanation. That, or strange accounting. However, I can't shake the feeling that things cannot be as positive as they seem financially. Sure, the American way of taking short-term super high unemployment, which then spiked down as dramatically as it rose, was more dynamic. Us "welfare countries" will have a larger long-term unemployment problem (as if we didn't already). Probably the second main reason for your continually rallying markets, the FED & Treasury of course being the first. |
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