I'm kind of astounded how quickly the market recovered from a pandemic dip in the middle of all this unrest wtf is going on
-
-
Replying to @liminal_warmth
really hard to say can tell a half dozen different stories none of which are mutually contradictory definitely is a bit unsettling tho
5 replies 0 retweets 22 likes -
Replying to @eigenrobot @liminal_warmth
Papa Powell told Congress to get its shit together & after Congress didn’t listen the markets crashed and scared Congress into action. And since Congress passed lotta relief, folks believe things will be alright again soon. Ps: a 2nd corona wave could mess everything up or not
1 reply 0 retweets 3 likes -
And i cannot stress this enough, the Fed probably avoided the greatest depression in history world wide by preventing fire sales and margin call cascades in the credit markets. I cannot imagine the fallout in EMs if the Fed hadn’t stepped in. Powell is GOAT
1 reply 0 retweets 2 likes -
Costa Retweeted Karthik Sankaran
Costa added,
2 replies 0 retweets 1 like
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.