In uncertain times, is Arrogance a poor counselor. However, the impressive recovery in the equity markets gives many the impression that the worst in the Corona of the crisis was already over.
but it is not so, as the high infection numbers on the two American continents show. In addition, not yet determined as long as the banks, as the inevitable current wave of loan defaults will survive. Because this can cause a banking crisis, then the flow of credit dried up and the recession can be aggravated because of it.
That will not happen, especially as the governments and the Central banks will fight back with all means against it. But the trillion-packages will lose effect if the recession, a banking crisis followed. That the banks have not been advised, nor falter, thanks mainly to the governmental and regulatory relief measures.
But the true storm of corporate bankruptcies and credit losses before you first. A healthy Dose of caution is appropriate, therefore, still, not Cockiness mind.
