Liquidity has been so massive that it will likely be positive for stocks and dive the economy forward through 2020, Ed Harrison told Real Vision during today’s Daily Briefing.
However, the influx of retail investors who are using the market as a betting vehicle instead of an investing vehicle may eventually face the rude awakening that we’re in the midst of a negative economic scenario, he said.
The durable destruction in demand, evident in behavior shifts and altered consumption patterns, will drive many to bankruptcy and make the credit cycle more severe. This structural drag