How the COVID-19 Bailout Gave Wall Street a No-Lose Casino
Posted on AllSides May 13th, 2020
From The Left
OPINION
In late April Marko Kolanovic, a financial analyst for JPMorgan Chase, wrote to clients with good news. Pandemic aside, investors should expect stock prices in S&P 500 companies to return to record numbers some time early next year!
“The S&P 500 should attain previous all-time highs,” Kolanovic wrote, “if the monetary measures are sustained.”
The key part of this phrase was the last bit, “if the monetary measures are sustained.” In countries that did not have a Federal Reserve Bank shooting a bazooka of cash daily at Wall Street, Kolanovic...
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