Another huge move down in the markets today. Heavy carnage in the banks as treasury yields plunge.
Fed’s days of bubble blowing are over. Next dose of stimulus will be the overdose. Coronavirus may be the pin that pricks stock market, bond market, and bitcoin bubbles.
More bad news expected as the only previously strong jobs market, travel and leisure, starts to suffer from coronavirus. Layoffs will trickle through the economy quickly.
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