
The Greatest Idiot...
• https://www.zerohedge.com, Tyler Durden"The greatest idiot is a man who thinks strong stock markets are an indication of economic health."
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"The greatest idiot is a man who thinks strong stock markets are an indication of economic health."
The last time a serious economic downturn hit in 2008, Evan Schade was in high school and the crisis seemed like a news event that happened to other people. This time, as the coronavirus has brought the economy to its knees, it has become a personal
Based on the shocking 6.6 million of new unemployment claims, we'd bet they'll be some explosive political fireworks soon in this country about Covid-containment versus keeping the main street economy alive.
It's an optimistic start to the week in decidedly pessimistic times. With chatter that Spain and Italy may have crossed the Covid-19 apex and a slowing of US fatalities, global risk assets have outperformed overnight and Treasury yields increased.
Two weeks ago, on quad-witch Friday March 20 which (so far) marked the lows of the coronavirus crisis...
Today, Luke and Tim dive straight in to the financial news that will likely impact the global economy for years to come.
In our second recording today, Luke and Tim pick up right where they left off in the previous video: with the stock market's soaring recovery... or is it?
"If a government wishes to alleviate, rather than aggravate, a depression, its only valid course is laissez-faire--to leave the economy alone.
In our second video of the day, Tim Picciott and guest Chris Karabats get into the nitty gritty of the day's financial news with the hopes of providing clarity about what's going to happen in the market tomorrow.
Former Secretary of State Henry Kissinger, 96, warns coronavirus could spell economic doom for generations and tells US to 'safeguard the liberal world order'
A record 6.6 million people applied for unemployment benefits this week as the coronavirus crisis forced the biggest number of layoffs around the U.S. in history, a roughly 83-sigma event and one which visualized looks as follows:
... In History
The first article describes why the richest country on earth can't produce enough face masks...The second is a commentary by famous bond guru James Grant, who explains how the Federal Reserve's low interest rate policy has made the economic crisi
...As US Slides Into Depression. Just like that the 113 record straight months of employment growth is over with a bang.
As COVID-19 continues to spread worldwide, economies slump, stocks of personal protective equipment and key drugs dwindle in the US, and as Americans buy record numbers of guns, the market focus today is arguably going to be on one thing: How high is
Up until now vendors of "essential" products such as grocery stores and pharmacies were seen as the sole silver lining in a decimated retail sector, where businesses from restaurants, to lodging, to bars, to cinemas had all effectively shut down is p
Peter Schiff said there's an even bigger problem looming on the horizon that people aren't paying any attention to - the potential destruction of the dollar.
"we expect Goldman to take the machete to this analysis as well in the coming days, because if the US economy is indeed paralyzed for at least one quarter, then all of GDP could be lost."
Fresh on the heels of the largest stimulus in history, House Democrats and government agencies are already compiling their lists with what they say they need from the next package.
Watch as Luke, Tim, and economic historian John Sneisen recap the day's most outrageous economic news.
It's never "different this time." The Fed's bubbles and busts keep coming and they're getting more intense. Every bubble is bigger than the previous one, as is every "bailout." Every "bailout" carries with it a promise for a future economic crisis. T
So, you're printing up six trillion dollars, giving 7/8ths to banks and corporations and 1/8th back to us… which we'll be taxed on… plus, all that money creates a monster deficit that our children be expected to pay back anyway?
The pace at which Americans are losing their jobs is absolutely breathtaking. According to the Wall Street Journal, the largest number of new claims for unemployment benefits ever recorded in a single week prior to this year was 695,000 during the w
In February, the general consensus among large investment banks and supranational entities was that there would be a one-time impact on GDP in the first quarter due to the impact of the coronavirus, followed by a stronger recovery in the form of V.
Gerald Celente, a top trends researcher and Publisher of The Trends Journal, says the world is already in an economic depression.
Now, watch as CFP Tim Picciott and world economic historian John Sneisen discuss the following events in world financial news: * Parallels to the Great Depression * Government overreach and infringing on individual's rights * Donald Trump's positio
Service PMIs across the globe cratered during the month of March; Japan, Germany, France, and the UK all experienced dramatic declines in business sentiment as the coronavirus pandemic began to unfold.
Quicken and Mr. Cooper are on the hook for principal and interest even if homeowners are in arrears
As the pandemonium in New York City and beyond continues, Luke and Tim discuss the economic impact that accompanies the pandemic.
Re: CV UBI Stimulus Bill. The new law, which requires small employers -- those with fewer than 500 employees -- to provide limited paid-leave benefits to employees who are affected by the viral emergency.