Never forget, the seeds of this mess (still in the first inning) were planted August 3, 2007, over a year before the 2008 meltdown.
They know nothing!!
~ Jim Cramer
Don't let revisionists like Reshma Kapadia at
Barron's convince you otherwise:
It took a while before Congress, the Fed, & global policy makers were able to band together during the financial crisis to heal the global economy & set the foundation for an 11-year bull market.
Meanwhile, the Pavlovian response from
Barron's is to call for aggressive stimulus to deal with Covid-19 and the stock market selloff:
Unlike the reaction to the financial crisis of 2008-09, the response to the spread of coronavirus has thus far been limited... As a result, the U.S. may face the steepest drop in economic activity in a generation.
~ Randall Forsyth
From the Barron's Roundtable members:
If I were president, I would announce a major infrastructure plan.
~ William Priest
I assume governments of the world will put a substantial amount of money into the system.
~ Mario Gabelli
The concern I have here is consumer and business confidence. That's why a response from government officials is essential.
~ Abby Joseph Cohen
All of this brings to mind the definition of insanity (often attributed to Albert Einstein):
Insanity: doing the same thing over and over and expecting different results.
~ Kevin Duffy, tweet, March 15, 2020
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