“This is so frustrating. Not that the market is down. But nobody seems to get that there are only two ways out of a recession: 1) inflation; 2) business tax relieve.”
I agree. But, I fear that cutting taxes won’t fix the short term problem of a financial collapse. It may be too late. I pray not!
It is.
Nah. it is not too late. This has gotten very technical in equities. We are at 12x on the S&P earnings. Normal is 15x. People worry earnings could get a 20% haircut. So we are at 15x. A big investment tax credit puts us at say 10x or better. Creates uncertainty for the sellers.