Scott Minerd, Guggenheim Investments’ global chief investment officer, is warning investors to not expect a “V-shaped” recovery, or a quick rebound in economic activity to pre-pandemic levels.
The executive, who co-manages Guggenheim’s fixed-income funds, predicts it will take four years for output to return to levels from before the crisis. The U.S. government’s coronavirus-relief programs “are insufficient, misdirected, and full of unintended consequences,” he says.
he's spot on. the market is no longer allowed to decide what a company is worth when the fed buys up all their junk debt. literal junk like $HYG. Everything is becoming nationalized and now citizens own junk corp debt.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer: