You Only Get One Shot Out Of The Cannon
One chance to save the financial system. The financial markets led by the Bull Shitter in Chief Donald Trump made one big bet. And that bet was that the Coronavirus had peaked and was going away. Intrinsic in that was that they believed that once people got the disease, they were immune. There would be herd immunity. And there would be a vaccine before the next wave of the virus. They were literally dead wrong on all accounts. Which means the 10 trillion dollars in stimulation is up in smoke. There is not enough leverage, credit in the financial system or room on the financial balance sheet at the Fed to do it again. Which means the fucking party is over.