RE: Stalled11 Jun 2020 18:45
finally, markets are (?again) working out that this will be really really grim (until a widely available, seriously effective vaccination)...and now (for the first time) they are beginning to understand that Central Banks cannot completely shield us (liquidity necessary but not sufficient)
If the USA or EU went full MMT and targeted full employment whatever it cost, then that would change the calculation (hyperinflation would need to be a serious prospect, and gold/silver decent plays)...but I bet that neither entity/country is prepared (and in EU's case, perhaps allowed?) to embrace MMT....not for this pandemic anyhow