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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts

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Libbyt
towerdog
To: Libbyt who wrote (65025)7/11/2022 2:24:13 PM
From: Lee Lichterman III3 Recommendations  Read Replies (2) of 97964
 
I dont think it has overreacted, if anything it hasn't reacted enough. We are going to have higher borrowing costs, a lot of money losing businesses are going to go under and that will drag some creditors down with them. There is always the risk of counter party risk.
Already companies are tightening their belts. I just saw that Rivian is laying off. A small concrete company went under about an hour ago.
This market is acting like this is going to be a short 2020 recession. Chances are this is going to be longer and in a high inflation environment. No massive doubling of the money supply this time to rescue the market.
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