**Disclaimer and note: This article is a microblog intended as food for thought in simple share and snapshot hence digestible character count in form. When you think better you do better, that’s the point.
No matter your perception of current economic times and how they are realistically being managed, one must admit times as such bring a sense of transformation about that is incredible to witness on a macro level.
How do we arrive here? Pair the effect of the current experience with the ripple effect of cause(s) leading up to it. Not rocket science.
What’s happened (again)? The global economy is learning another lesson as the result of essentially not creating mutual wins for the greater good; I generalize. My firsthand experience in managing a similar type of fire was when in 2007 when I started in the investment industry as a broker and trader. Guess what. The economy recovered. It took time.
CL says the economic conditions are “severe and temporary”. What did I just say two days ago: learn to distinguish between that which is permanent and that which is temporary.
CL also states that if the right policy measures are adopted by all players a recovery is possible with the timing uncertain. Time is something people feel entitled to and its uncontrollable. Relax before you choose to shove your scarcity down someone else’s throat who is performing their best in profession for you.
I commend and empathize with all those on the front lines of finance and economic decision today. As CL repeats in different words, “a recovery will depend upon the speed, strength, and collective approach taken by all players.” Not surprising how it takes supply to diminish and a pandemic to occur for a society to start paying attention. Case in point in cause of which many human decision at the core is often of inward vs outward focus.
Governments do their best to forecast, protect against risk, and stimulate the economy as needed. Something I love that CL said was that their decisions are made not focusing on closing spreads nor made based upon currency fluctuation (they are attentive not dictated by it) rather, their approach considers economic fundamentals and material facts.
My unsolicited advice: seek integrous individuals able to distill the macro and facts w/you vs establishing antitrust against the world and someone whose point of view you don’t quite yet understand because you may not have all the facts.