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."
Contents Pages by Subject
Economy - Recession-Depression
Millennials, Burdened With Debt, Are Now Facing an Economic Crisis
• https://www.sfgate.com, Nathaniel PopperThe 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
Not Your Grandfather's Recession
• https://www.lewrockwell.com, By David StockmanBased 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.
BMO: The US Recession Is About As Subtle As A Network Outage At Netflix
• Ian Lyngen, Ben Jeffery, and Jon HillIt'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.
Will We Revisit The Lows? The Answer - Is It 1987 Or 1929
• https://www.zerohedge.com, by Tyler DurdenTwo weeks ago, on quad-witch Friday March 20 which (so far) marked the lows of the coronavirus crisis...
The IMF Eyes World Domination as US Heads into Great Depression
• Change the News - Like Rudkowski, Tim PicciottToday, Luke and Tim dive straight in to the financial news that will likely impact the global economy for years to come.
Stock Market Recovery Or Just A Dead Cat Bounce?
• Change the News - Like Rudkowski, Tim PicciottIn 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?
The Lesson Of A Crash That Cured Itself
• https://www.zerohedge.com by Wendy McElroy"If a government wishes to alleviate, rather than aggravate, a depression, its only valid course is laissez-faire--to leave the economy alone.
The Domino Affect: Oil & The Stock Market Are Going DOWN!!!
• Change the News - Tim Picciott - Chris KarabatsIn 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.
'Failure could set the world on fire.'
• https://www.dailymail.co.uk by CHEYENNE ROUNDTREEFormer Secretary of State Henry Kissinger, 96, warns coronavirus could spell economic doom for generations and tells US to 'safeguard the liberal world order'
Google Search Activity Shows The U.S. Is Entering A Depression
• https://www.zerohedge.com, by Tyler DurdenA 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:
Here Comes The Next Crisis: Up To 30% Of All Mortgages Will Default In Biggest Wave Of Delinquencies
• Zero Hedge - Tyler Durden... In History
Two Excellent Articles on the Coronavirus/Economic Crisis
Menckens GhostThe 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
March Jobs Disaster: 701,000 Jobs Lost, Unemplyment Rate Soars Most In 45 Years
• Zero Hedge - Tyler Durden...As US Slides Into Depression. Just like that the 113 record straight months of employment growth is over with a bang.
Rabobank: "What The Market Should Be Focusing On Is Whether There Are Still Markets"
• Zero Hedge - Tyler DurdenAs 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
Walgreens Plunges After Warning On Slowing Sales, Foot Traffic, Sees "Less Discretionary Spendi
• Zero Hedge - Tyler DurdenUp 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: Americans Are in For a Rude Awakening
• LewRockwell.com - By Peter SchiffPeter 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.
"The Biggest Decline Ever": Goldman Now Sees US GDP Crashing 34% In Q2
• Zero Hedge - Tyler Durden"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."
Corona Cash Grab: Pelosi, US Agencies Compile Lists For Phase 4 Stimulus
• Zero Hedge - Tyler DurdenFresh 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.
The Economy is Circling the Drain Along w Your Toilet Paper
• Change the News - Rudkowski - Picciott - SneisenWatch as Luke, Tim, and economic historian John Sneisen recap the day's most outrageous economic news.
It Wasn't "Different This Time"...It Was Worse & The Fed Will Fail by Ron Paul
• Ron Paul Liberty ReportIt'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
Free Money Doesn't Fix Broken Processes
Paul RosenbergSo, 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?
A Record 3.3 Million Americans Just Filed For Unemployment Benefits
• Zero Hedge - Tyler DurdenThe 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
The Global Economy Won't Bounce Back Soon
• https://www.zerohedge.com, by Daniel LacalleIn 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.
"Greatest Depression Has Already Started", Celente Warns
• https://www.zerohedge.com by Greg HunterGerald Celente, a top trends researcher and Publisher of The Trends Journal, says the world is already in an economic depression.
An Economic Nine Eleven is Upon Us: The Tim & John Show e 7
• The Liberty Advisor - Tim Picciott - John SneisenNow, 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
"The Recession Poised To Hit The Global Economy Will Be Unlike Any Other In History"
• by Ian Lyngen and Jon HillService 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.
Mortgage Firms Brace for Wave of Missed Payments as Coronavirus Slams Homeowners
• Wall Street JournalQuicken and Mr. Cooper are on the hook for principal and interest even if homeowners are in arrears
This is MADDENING - The Game is Rigged!
• Change the News - Like Rudkowski, Tim PicciottAs the pandemonium in New York City and beyond continues, Luke and Tim discuss the economic impact that accompanies the pandemic.
Democrats Block Stimulus Package & UBI
• Change the News - Like Rudkowski, Tim PicciottRe: 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.
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