Mr Bearbull 

The Roosevelt moment

Mr Bearbull

Mr Bearbull
The Roosevelt moment
AP Photo | President Franklin D Roosevelt signs the Industrial Control-Public Works Bill at the White House, June 16, 1933. He called it "the most important and far-reaching legislation ever enacted by the American Congress."

This is a tale of two famous quotations, both of which have a bearing on how the developed world will come out of its self-imposed lockdown; whether the re-emergence will be sufficiently confident to justify the resilience of the world’s equity markets these past six weeks (especially that of the US), or whether it will be so cautious, stuttering and faltering as to force equity markets to realign themselves with what the macroeconomic data is saying.

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