I’m a Registered Adviser.
Ever been responsible for a supply chain before or a larger company? Know how many people are involved in it? Then think about their suppliers/vendors supply chains, and the construction crews that build their buildings. Now imagine that 40% of them blow up overnight and consider the cascade effects. Worse, it’s not even new orders blowing up, it’s the orders already placed that you have heavy investments in and no longer have a buyer. Then consider the same impact to state and local governments and what they do. You are literally betting on MMT (print $, which we did with $6T last week) to save the day. I will not take that bet.