Solvency Not Liquidity

Lacy Hunt is a must read, in my view, given his great track record.

His latest review highlights that as massive as intervention has been, and likely will continue to be, in his opinion it will be highly ineffective in its economic impact.

This review explains the dysfunction very well, in my opinion, and puts numbers on what he sees going forward. 

While some economic bounce should materialize as lockdowns are withdrawn, current policy strategies may take years to get the economy back to its former levels.



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