
This Is Not a Recession
• https://www.lewrockwell.com, By Hunter HastingsThis Is A Government Imposed Shutdown Of The Private Sector
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This Is A Government Imposed Shutdown Of The Private Sector
"If all you have is a hammer," says the old proverb, "everything looks like a nail." And I'm hard pressed to think of a better way to describe the destruction of the US economy (and many others) over the past few weeks.
"If all you have is a hammer," says the old proverb, "everything looks like a nail." And I'm hard pressed to think of a better way to describe the destruction of the US economy (and many others) over the past few weeks.
Goldman projects a 6% decline in GDP in the first quarter followed by a 24% decline in the second quarter.
Goldman Now Expects A Record 24% Crash In Q2 GDP; Sees 9% Unemployment
As America slowly but surely shuts down from coast to coast, everyone is acknowledging the fact that we are heading into a very serious economic downturn.
In this flashback from two years ago, Ron Paul points out how The Federal Reserve had once again created an artificial and unsustainable economic bubble. Central planning still doesn't work, and the sooner we move to sound money the better.
Some readers might accuse us of being alarmist and rattling the cages unnecessarily at a time of public panic, but we've always felt that investors should hear a range of perspectives, especially if some of it is uncomfortable.
The Biggest Thing Since 1776 is Happening NOW… How the Coronavirus Will Spark the Greater Depression
The truth is that many structural problems underlie our economy.
Coronavirus/Pandemic - Economic Crash - How to prepare
Compared to gold, silver is a bloodbath...
Subtract their immense debts and they have negative net worth, and therefore the market value of their stock is zero.
Economy
Goldman said that it expects US economic activity "to contract sharply in the remainder of March and throughout April as virus fears lead consumers and businesses to continue to cut back on spending such as travel, entertainment, and restaurant meals
despite the unprecedented large Fed UST purchases the Fed isn't done, because as Cabana points out, not all highly leveraged UST trades have been unwound which is reflected by the fact that:
The rate cut of 100 basis points (1%) follows a cut two weeks ago by 50 basis points (0.5%). The rate will now be within a target range of 0% to 0.25%.
Powell better explain why the market's reaction is wrong or else...
Now that the Fed has fired what appears to be its final bazooka - at least until it cuts rates to negative and/or buys stocks/oil outright should we end up with a full blown financial panic/crisis - the market's attention will be on whether the Fed h
With Wall Street desperate for the Fed to announce emergency measures on Sunday (after disappointing last week), and ideally before the futures open, Jerome Powell did not disappoint and moments ago the Fed announced a barrage of emergency measures
Dipping into armageddon calendar guidance, in its statement, the RBNZ said the rate will remain at this level for at least the next 12 months, suggesting it may well go lower.
Two of largest quarterly declines in economic activity during the post war period occurred during a financial crisis and a widespread cessation of consumer and business activity triggered by uncertainty (and panic) following the federal government an
Covid-19 pandemic wouldn't shift the economy into recession, even though even perpetual optimists JPMorgan now expect the economy to slide into a technical recession in the coming quarters, while the former chief economist of Alliance Bernstein is br
Covid-19 cases are now above 120,000 worldwide, and the World Health Organization has officially determined it's a pandemic. It's torn families apart, tanked the global economy, and world leaders are calling it the biggest global crisis in decade
For decades, the whole world mocked "doomsday" preppers as tin foil hat-wearing kooks and conspiracy theorists. Now, the joke is on those who were too stupid or arrogant to prepare for unexpected events.
Could You Bake Your Own Breads Or Feed Yourself Without A Grocery Store?
How often have you heard the stock market looks a year ahead of a recession?
In this video Luke and Tim go over all the latest news regarding the on going health situation that we cannot name here.
When you get countries at the point where they're borrowing so much money that they can't even pay the interest any longer yet are moving headlong to borrow more and offering their people increased entitlements, the money isn't going to be ther
On the first day of this week, which would soon mutate into the worst week for capital markets since the 2008 financial crisis, we warned that markets are about to go full tilt for the simple reason that "there is no liquidity",