9:33 am: Tudor Jones says US could have a 'Second Depression' if lockdown remains in place a year from now
Hedge fund investor Paul Tudor Jones said if the coronavirus pandemic doesn't get contained for another year and the lockdown remains in place,"If a year from now, we are still in the same situation, we would be called a Second Depression," Jones said on CNBC's "Squawk Box" on Monday. "Just depends on whether unfortunately this goes to a year with this kind of a lockdown." The Great Depression from 1929 to 1939 was the worst economic downturn in U.S.
Treasury Secretary Steven Mnuchin said Monday that he agrees with Elon Musk as the company looks to restart its operations. "I agree with Elon musk. He's one of the biggest employers and manufacturers in California, and California should prioritize doing whatever they need to do to solve those health issues so that he can open quickly and safely, or they're going to find as he's threatened he's going to move his production to a different state.
elerianm Mr. El Erian it’s always wonderful to hear you speak. Thank you!!! I wish you had an educational show so I could learn how to invest from you.
elerianm Markets are the barometer of the Economy but current WallStreet is the berometer of our 'printing capabilities' $$$$$$$$$$$
elerianm You are seeking to explain the inexplicable.
elerianm Economy has no relation to the market. SPY has no relation to the market. We just witnessed this.
elerianm 'Tactical exposure,' nice... and 'tactical' means it can be moved quickly 😆
elerianm Truly indicates reality, the market is just a gauge of buying and selling. It absolutely can't look forward and doesn't have a sophisticated way to price in the future. Sadly it shows how much time is wasted daily on professional traders/investors trying to convince us it can
elerianm Great.. Mkts have nothing to do with economy, its simple liquidity push.. Lets c, how long it holds, sooner it throws towel, better it is (indices)
elerianm postitnotes2019
elerianm There needs to be a business news show that just gives the public trading information to pile on like the big brokerages share. It’s a fucking pozi scheme!
elerianm HerdBehaviour CapWeighted PriceWeighted indices do not reflect the economy no marginsofsafety Heuristics OccamsRazor
elerianm Refreshing to hear pronouncement of the pivotal role of 'government intervention' in maintaining viable markets (for the few) coming from a principal player.
elerianm
elerianm And we're trying to put the jigsaw puzzle back-together while it is upside down, the pro-infection gang is having a big party upstairs, and the coffee pot is broken...
elerianm Newsflash: It's always been like this.
elerianm Duh. Just look who got backstopped AGAIN
elerianm He is betting in his own short sells
elerianm they can only decouple for so long ....
elerianm A lot of people think it’s not right that financial markets will profit from people’s suffering. I see their point. Profiting from the Fed during a crisis when people struggle to put food on their tables is going to stir a lot of anger. That might result in BIG blowback.
elerianm Facts and reality no match for Wall Street casino stonks!!
elerianm Are all the pieces here or not? many business will close
elerianm If you listened to 50 “analysts” over the last two years. 95% were wrong 95% of the time. Invest in securities you understand and play the long game.
elerianm In which universe do you want to be?
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