/biz/ - Business & Finance

>>17814521
I cannot possibly imagine what it's like to be this stupid.

https://www.nytimes.com/2020/03/12/upshot/markets-weird-coronavirus.html

Something Weird Is Happening on Wall Street, and Not Just the Stock Sell-Off
<A sinking feeling reminiscent of the global financial crisis, when all kinds of obscure markets went haywire.

>Underneath the headline numbers were a series of movements that don’t really make sense when lined up against one another. They amount to signs — not definitive, but worrying — that something is breaking down in the workings of the financial system, even if it’s not totally clear what that is just yet.

>Bond prices and stock prices have moved together, not in opposite directions as they usually do. On a day when major economic disruptions resulting from the coronavirus pandemic appeared to become likelier — which might be expected to make typical market safe havens more popular — many of them fell instead Wednesday. That included bonds of all sorts and gold.

>And there were reports from trading desks that many assets that are normally liquid — easy to buy and sell — were freezing up, with securities not trading widely. This was true of the bonds issued by municipalities and major corporations but, more curiously, also of Treasury bonds, normally the bedrock of the global financial system.

>People, it is fair to say, are worried about bond market liquidity

You act like this is the USSR or something. Does this economy look rational in anyway to you?

>>13654419
come towards the light, OP