I guess this is kind of good news, assuming the light at the end of the tunnel is not another train.

https://www.cnn.com/2020/03/16/investing/dow-jones-stock-market-coronavirus/index.html

GS predictions of a ways to go before making a rapid comeback at the end of 2020.

“The Fed has also promised to pump in trillions of dollars of cash into financial markets and relaunched its 2008 crisis-era bond buying program known as quantitative easing.”

Where is all this money coming from?

“In the fourth quarter of 2019, the U.S. debt-to-GDP ratio was 107%. That’s the $23,201 trillion U.S. debt as of December 31, 2019, divided by the $21.734 trillion nominal GDP.”

“What’s the tipping point? A study by the World Bank found that if the debt-to-GDP ratio exceeds 77% for an extended period of time, it slows economic growth. Every percentage point of debt above this level costs the country 1.7% in economic growth.”

https://www.thebalance.com/debt-to-gdp-ratio-how-to-calculate-and-use-it-3305832

It is starting to sound like “we cured the disease but killed the patient”.

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