, Pal expressed his affinity for owning bonds — a trade that would've immensely rewarded investors who took his advice. He also warned that the implications from the coronavirus would be "meaningful and real."Today, Pal thinks the coronavirus will cause "the largest insolvency event in all history." And given his track record as of late, that's not reassuring.
"I think the balance of probabilities are that this is a much longer event — in terms of economic impacts — than anybody is pricing in," he said. "I think it's a huge societal change that's coming from all of this." To Pal, the duration of the fallout stemming from the coronavirus is the key factor here — one that he thinks investors aren't paying enough attention to. In his mind, those who are a projecting sharp V-shaped recovery in the third and forth quarter are incorrect in their assumptions.
"Isolation is going to be a real event for a significant period of time," he said. "You've got a world that's going to be much more closed, and that's leading to complications in supply chains."Pal's prognostication echos that of billionaire "bond king"
😳
Money making money doesn't create jobs or products people need nor put food on the table.
Looks like this guy saw the same chart, fuck... Oh wait, my mistake, he's been homeless for years.
Truth is no one knows what will happen.
As I continue to say to my nervous wife, America has gone through far worse than this. I continue to buy on the way down because I believe in America.
Stonks, money, dollarydoos! Ahhhh! Rich person: 'the whole world's fucked' Regular person: 'got anything to eat?'
Some might say that's Karma 🤔
Corona Virus Have Affected Everyone Real Bad And We Have To Help Ourselves Don't depends on your salary only, Start earning from $2100 Bitcoin per day all by working from home by using your smartphone or PC , computer ,ask me how ?
Whole worlds already fucked in more ways then one
if it comes fr.G.Sachs/ I believe the opposite,why/due to the fact that 1.There is no destruction no war/loss of capital/infrastr 2/Many are employed but/taking pay cuts/70% currently working online from home 3. Massive capital awaited to burst in market as soon COVID19 dissap.
Captain obvious shows up
20% If we’re lucky.
Sounds like something I would say, the worlds fucked !!
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