Loading ...*Edward Gofsky
@EdwardGofsky
We are witnessing history. The Nasdaq is trading at a 152x multiple of the Bloomberg Commodity Index, surpassing the highs seen during the Dot Com bubble by almost a factor of two! This includes gold & silver. What a time to be alive.
John P. Hussman
@hussmanjp
Let’s see:
1) $349bn in payroll protection (payable whether employees are working or not, as long as they are kept on payroll).
2) Median personal income ~$34k/yr
3) 24 wks of PPP ~ $15,700
4) $349bn/$15,700 ~22 million jobs paid w/PPP
Job “shocker” isn’t recovery, it’s PPP.