Livewire Markets has published a synopsis of a recent webinar featuring Nick Griffin. In response to a question about the divergent path of the US economy and S&P500 in April 2020, Nick responded as follows:
“The equity market is not the economy. Yes, it should move in roughly the same way, but, ultimately, if you look at this particular crisis, it is very much affecting small- and medium-sized businesses, businesses with small balance sheets that can’t really get them through this crisis. Yet, if you look at the S&P 500, it’s full of companies that have great balance sheets that can get them through this crisis quite easily”.
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