The COVID-19 crisis definitely falls in the category of “events people are prepared to exploit financially”. So yes, these markets are running normally and cash is still king.
If you could’ve bid higher than California you probably could’ve gotten all those masks.
That’s the point of these global crises. They create a new trade regime to play in, when the big finance entities feel like they’ve wrung all the money they can out of the old one.
What was going to happen to Boeing, Ford this year? Nothing good. They had squeezed out the last cycle and we’re in danger of drying out. Now what’s going to happen? Bailouts and cover for layoffs. Comparatively good outcome for shareholders I bet. And amazing outcome for leadership who won’t be blamed for the hard times, but otherwise would have been left holding the bag.
I’m not saying Boeing released COVID-19, or steadied the government’s (do nothing) hand during the response. But someone with deep pockets for sure is doing the latter.
If you could’ve bid higher than California you probably could’ve gotten all those masks.
That’s the point of these global crises. They create a new trade regime to play in, when the big finance entities feel like they’ve wrung all the money they can out of the old one.
What was going to happen to Boeing, Ford this year? Nothing good. They had squeezed out the last cycle and we’re in danger of drying out. Now what’s going to happen? Bailouts and cover for layoffs. Comparatively good outcome for shareholders I bet. And amazing outcome for leadership who won’t be blamed for the hard times, but otherwise would have been left holding the bag.
I’m not saying Boeing released COVID-19, or steadied the government’s (do nothing) hand during the response. But someone with deep pockets for sure is doing the latter.