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Federal support remains essential, but is best targeted toward preserving the "circular flow" of the economy by supporting the basic incomes of families and incentives for productive investment, limited to those actually experiencing economic dam
The depletion would impact many hundreds of thousands of Americans and their retirement, assuming a potential slow recovery for the US stock market.
In this video Tim and Yoshi cover a few areas they forgot to cover the previous night and expand upon a few topics, such as the German Stock Market and unemployment numbers.
One month ago, when showing the uncanny correlation between defaults and the unemployment rates, we predicted that the number of Chapter 11 filings that is about to flood the US will be nothing short of biblical.
The bond super bubble continues to get bigger. Interest rates seem to be headed even lower from here. Is this the blow-off top in the bond market?
The new and popular handle is Modern Monetary Theory. But it's the same old Ponzi scheme. It's still plain old money printing.
...From Commercial Leases
In this video we cover what I think about everything. We talk about the origins of the 2020 financial crisis and how that was actually rooted in FED policy dating back to late 2018… actually further than that but I didn't have all day to talk.
Looking ahead to the key market moving events this week, for payrolls the consensus on Bloomberg is currently expecting -8000k job losses and the unemployment rate to rise to 19.6%,
...the current market optimism ignores deep problems in the US economy the existed before the pandemic – chief among them staggering levels of debt and the proliferation of zombie companies.
60 Minutes did an interview with the FED Chair, Jerome Powell; where some important questions were asked, and some even more important questions were MISSED. And due to the extreme MISDIRECTION of how this global economic situation is unfolding, I de
As the economy plunges into depression with tens of millions of people unemployed, Walmart is taking no chances on losing its customer base and announced this week, it will start selling used clothing, shoes, and accessories on its website.
For years, I have been warning that during the age of permanent stimulus (which began in earnest with the Federal Reserve's reaction to the dotcom crash of 2000), each successive economic contraction would have to be met with ever larger, increasin
For years, I have been warning that during the age of permanent stimulus (which began in earnest with the Federal Reserve's reaction to the dotcom crash of 2000), each successive economic contraction would have to be met with ever larger, increasin
Until then men felt they had found the answer to a steady, orderly, civilized life. For 100 years the Western world had been at peace. For 100 years technology had steadily improved. For 100 years the benefits of peace and industry seemed to be filte
Money printing by the Fed and Congress is off the charts.
Existing Home Sales in April plunged 17.8% MoM to the lowest SAAR since September 2011 (at 4.33mm, slightly better than the 4.22mm exp)...
With nearly 4 million homeowners in some type of mortgage forbearance plan - representing 7.54% of all mortgages, delinquencies are set to eclipse the great recession which peaked at 10%.
Watch video of Michael Burry speaking April 5, 2011 on "Missteps to Mayhem: Inside the Doomsday Machine with the Outsider who Predicted and Profited from America's Financial Armageddon," as part of the 2010-2011 Chancellor's Lecture Series at Vanderb
After March's collapse in headline retail sales, April was expected to be a bloodbath but it was much worse than expected with a 16.4% MoM collapse (the most ever), considerably worse than the 12% drop expected.
The phrase "don't fight the Fed" is an unfortunate but popular delusion. It presupposes that the central bank has limitless power to direct the economy because it can print limitless money.
Readers ask for specific recommendations for successfully navigating the post-credit/speculative-bubble era and I try to do so while explaining the impossibility of the task.
The coronavirus is negatively impacting the economy and will leave lots of damage in its wake. Our government should feel the pain as well.
May 7, 2020. the $2.5 trillion they printed since March is more money than they printed in the first 95 years of the Federal Reserve's existence.
Josh Sigurdson talks with Former Congressman Dr. Ron Paul of The Liberty Report about the collapse of the global economy due to a stunning exaggeration and lie. As people are left without a job, will we see stagflation? Hyperinflation? How will peopl
It's obvious the global economy is painfully fragile. What is less obvious is the bailouts intended to "save" the fragile economy actually increase its fragility, setting up an inevitable collapse of the entire precarious system...
We learned a lot from the 2008-2009 Great Recession. As a CPA and real estate investor, I learned that sometimes there was absolutely nothing you can do to save a bad deal.
What we have learned from the Peking Pox:
The S&P 500's up over 30 percent from the March 22 closing low. What's more, it's only about 18 percent from its February 16 all-time closing high. Could it be that the market storm's behind us and only sunny clear skies are ahead?
In all of U.S. history we have never seen anything like this. I have been sitting at my desk for quite a while searching for the proper words to convey the gravity of what we are facing, and to be honest it has been quite a struggle.
