2 ms·
What? That is hocus pocus. And based on what? Zero analysis of what were the measures taken. And many other things unaccounted like shadow finances, global trad
by alecco 18y ago
What? That is hocus pocus. And based on what? Zero analysis of what were the measures taken. And many other things unaccounted like shadow finances, global trade block, insurance chaos, etc.
Their anecdotal analysis is bad. They didn't check recent crisis in other countries, for example. The Asian crisis and the Japanese stagflation are certainly more similar to the current situation than US 1929, 1973 or even 2002.
It all depends on the next steps. Bailouts failed, inter-bank credit is still dead. There wasn't yet deleveraging.
I can do many [better] things with my cash than put in stupidly risky stocks at the moment.