The 1920’s called, they want their Bread Lines back
Forget recession. U.S. energy stocks are weaker than they have been since the Great Depression, according to Michael Hartnett, Bank of America Corp.’s global chief investment strategist. Hartnett cited a ratio between oil and gas shares and the S&P 500 Index in a report Thursday. The comparison was based on the S&P 500 Energy Index, calculated since 1990, and an earlier industry gauge from Global Financial Data. S&P’s index set a record low relative to the S&P 500 on March 18 after plummeting 85% from a record in July 2008. Investors who go against their peers “would buy some U.S. oil stocks,” he wrote.
Some people be callin’ it:
1) Great Depression II
3) Big Sad
4) Double Recession
But I’m out here:
1) no money bro please i just want to have my job back so i can buy weed bro like come on
Jokes on you society, I’ve been in a Great Depression for years. 😎👉🏻👉🏻
COVID-19: you’re familiar with the first, now get ready for
So people called World War 1 “The Great War” until there was a second world war.
Now think of this:
“The Great Depression”
We are going insane about the corona virus. I know we need to worry about it and be cautious around people. But we do not need a second Great Depression. We need to stay safe and calm down before we end up taking all the money out of the banks and no one making money or having any because they spent it all.