There is not going to be a V-Shaped recovery. Many lives will be shattered and ruined in its wake.
Today, Tim and recurring guest John Sneisen (The Economic Truth) discuss the phrase putting lipstick on a pig and what that means relative to the global economy and the potential end of lock downs in some states.
On Tuesday, with stocks already solidly in positive gamma territory - meaning any incremental gains would force dealers to buy even more stocks as part of the infamous gamma feedback loop - we reported that according to Nomura calculations a close in
It's hard to have a conversation today, or even overhear one, without being exposed to moronic and I now use that word in its colloquial as well as its clinical sense opinions about what "we" should do.
For those of you that were expecting just a "deep recession", I am afraid that you are going to be very disappointed.
Having gone above and beyond the call of duty in their role as lender, asset-buyer, moral-hazard-enabler, and zombie-firm-creator of last resort; lifting stocks back towards record highs amid the greatest economic collapse since the great depression
With nothing left they used their freedom, and the freedom of their family as collateral...Many were sold into debt slavery after defaulting on this second loan.
Everything, including a rational, connected-to-reality, effective financial system, is on back-order and unlikely to ship any time soon.
White House economic adviser Kevin Hassett says Q2 GDP will be the 'biggest negative number since the great depression,'
economy -- The ongoing economic collapse combined with a public health crisis is unprecedented in modern memory.
Let's talk about what conditions will be like and about how you can get through the Greater Depression confidently, comfortably, and profitably. It's not going to be easy or fun, but it's possible.
The coronavirus models have been so spectacularly wrong that it's hard to believe it was just incompetence. As we move from "lockdown to flatten the curve" to "lockdown until coronavirus disappears" who and what are behind this seeming descent into m
After yesterday's historic oil price collapse, Luke and Tim get into why the exact opposite of what happened with oil yesterday could happen with gold in the near future.
Watch Roger's interview about all the latest Bitcoin.com updates; plus, more on the BTC Halvening, and the current economic crisis.
Josh Sigurdson, Tim Picciott, and Colin Cantrell discuss negative oil, economy, world news...
The federal government did not need to take full control of the money supply to restore the economy.
A Hyperinflationary Depression has always been the inevitable end to the biggest financial bubble in history.
Top Market Strategist Says "In 20 Years I Have Never Seen Anything Like This"
As the middle class gears up to once again unknowingly bail out the world via way of inflating the money supply, the rich are doing what they do during bailouts: getting richer.
Mexico is now caught in a perfect storm: on one hand the economy is collapsing and desperately in need of more fiscal stimulus; on the other any new debt issued to fund this stimulus will immediately result in a junk rating causing even more pain for
Philly Fed joined the rest of the regional Fed surveys in an utter bloodbath.
Luke Rudkowski - Tim Picciott
--On $6.8 Billion In Loan Loss Reserves As Dimon Warns Of "Severe Recession"
Charity group Oxfam has warned that a global recession caused by Covid-19 could push an extra half a billion people into poverty - 8 percent of the world's population - unless urgent action is taken.
Tomorrow JPMorgan and Wells Fargo will usher in a historic earnings cycle, one which will see S&P500 earnings plunge the most since the (first) financial crisis...
The global economy will this year likely suffer the worst financial crisis since the Great Depression, the International Monetary Fund said Tuesday, as governments worldwide grapple with the Covid-19 pandemic.
The world's governments on Tuesday grappled with how and when to lift sweeping coronavirus lockdowns that have saved lives but crippled their economies, as experts warned of a dire once-in-a-century global recession.
The biggest bubble that the Fed ever created has burst. We're now seeing the answer to the question: "What happens if everyone needs a bailout at the same time?" The Fed creating trillions of new dollars out-of-thin-air will only make everything much
There are a lot of questions people are asking themselves today. Among them: How serious is this economic downturn likely to be? How long will it last? How can it be ended? Whose fault is it?
Those concerns were answered this morning when as part of the Fed's expanded $2.3 trillion loan/bailout program, the Fed announced the expansion of its Primary and Secondary Market Corporate Credit Facilities, which will now purchase - drumroll - jun