Read on Twitter
David Rosenberg (aka @EconguyRosie) – In A Depression, Own What’s Scarce - Growth and Yield https://www.realvision.com/shows/investment-ideas/videos/david-rosenberg-in-a-depression-own-whats-scarce?source_collection=8e80b18fdb074555bdd47d97e73fbe91
I might write something up based on this. There are three aspects to what @EconguyRosie is saying:
1. Is this a depression?
2. How do you do macro policy now?
3. How do you invest now? /2
1. Is this a depression?
2. How do you do macro policy now?
3. How do you invest now? /2
Ky quote tweet of @TheStalwart on Rishi Sunak gets at question #2 about policy. Sunak seems to be saying that he wants the UK to limit stimulus (to save the next generation). Will that work? /3 https://twitter.com/edwardnh/status/1313111354291752960?s=20
As for the depression question, I talked about this in April already. You need duration, diffusion and depth
https://pro.creditwritedowns.com/p/my-take-on-the-three-ds-of-depression
We got depth and diffusion right from the word go. That's what a global shutdown will do. But will we get duration? /4
https://pro.creditwritedowns.com/p/my-take-on-the-three-ds-of-depression
We got depth and diffusion right from the word go. That's what a global shutdown will do. But will we get duration? /4
And lastly, @EconguyRosie addresses the question of investing during what I would call 'secular stagnation'. You need yield and you need growth because you won't get either automatically.
Very good interview by him. Enjoyed it. https://www.realvision.com/shows/investment-ideas/videos/david-rosenberg-in-a-depression-own-whats-scarce?source_collection=8e80b18fdb074555bdd47d97e73fbe91
Very good interview by him. Enjoyed it. https://www.realvision.com/shows/investment-ideas/videos/david-rosenberg-in-a-depression-own-whats-scarce?source_collection=8e80b18fdb074555bdd47d97e73fbe91
When I write this up, I'll append it to this thread.
