Brad Ferris

America's New Stimulus Package: Looks Good, But Is It Enough?

No...it won't be enough. For the simple reason that in part they're still attempting to stimulate consumption and bad companies need to die. It's really that simple. A WFC or JPM needs to come in & buy Citi for cents on the dollar and acquire its deposits and functional business segments. There's just far too much financial supply and when we see meaningful failures I think that is when stimulus begins to work. Interest rates are already historically low. Consumers and businesses are conserving cash because their cost/ability to secure financing is so high.