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Blain’s Morning Porridge/Bill Blain
“But then someone changed the rules. You can fool the markets with massive bailouts to step a catastrophic crash, but no amount of QE can stop a tiny virus a billion times smaller than a computer screen pixel doing its stuff. It’s not just confidence in markets that’s gone awry. This time it’s more fundamental – we face a long cold miserable winter and an implacable microscopic enemy we struggle to fight. Of course.. we shall win… the question is when?
USAGOLD note: Blain offers a pre-winter gut check and thinks there “may be more pain to come” of the financial sort, not helped, as the Ramirez cartoon above suggests, by a wholesale flight from common sense. Michael Ramirez, it is worth mentioning, is a Pulitzer Prize-winning cartoonist known for his conservative political views.
Cartoon courtesy of MichaelPRamirez.com
Repost from 10-3-2020
The post ‘This time it’s different. It’s even worse.’ first appeared on Today’s top gold news and opinion.