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Flash Report May 2020

Stock prices soared in May, despite depression-level projections for growth and consumer spending. Why? Policy makers heeded the shout of everyman investor Rod Tidwell to “show me the money!” Liquidity, Loans, Cash Money. Meltdown to Exuberance in ten weeks. The stock market believes that the Fed’s promise to deliver whatever liquidity and loans is necessary—coupled with the federal government’s lining consumers’ pockets with ample cash money—will lead to spending, jobs, profits, growth, and prosperity.

WRITTEN BY | June 1, 2020

 

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