Massive Marketwide Margin Calls (on COVID-19 bankrupting steriods) Monday?
Hat tip to
Surly for the following MARCH 15, 2020 story that tells it EXACTLY LIKE IT REALLY IS:
SNIPPET:
Everyone expecting the financial markets to magically return to January 2020 levels once the pandemic dies down is delusional. All the dominoes of crashing market valuations, crashing incomes, crashing profits and soaring defaults will take down all the fantasy-based valuations of bubblicious assets: stocks, bonds, real estate, bat guano, you name it. (Actually, bat guano will be the keeper of all the asset classes listed.)
Read more:
The Covid-19 Dominoes Fall: The World Is Insolvent
charleshughsmith.blogspot.com - Subtract their immense debts and they have negative net worth, and therefore the market value of their stock is zero. To understand why the financial dominoes toppled by the Covid-19 pandemic lead to…
Read more Doomstead Diner Daily 3/16/20