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Week 9 of the Collapse of the U.S. Labor Market: Still Getting Worse at a Gut-Wrenching Pace
Week 9 of the Collapse of the U.S. Labor Market: Still Getting Worse at a Gut-Wrenching Pace Federal Pandemic Unemployment Assistance (PUA) for gig workers doubles initial claims under state programs. Here are the “Insured Unemployment Rates” for each of the 50 states & DC. The moment the unemployment crisis stops getting worse and bottoms out […]
“Revolutions And Wars”: What According To Ray Dalio Comes After “Printing Money”
“Revolutions And Wars”: What According To Ray Dalio Comes After “Printing Money” Having seemingly conquered the world of finance, Ray Dalio and Howard Marks have been competing who can be a more productive writer in recent weeks, and just two weeks after writing a lengthy thesis on the rise and fall of fiat currencies (which had no […]
This Sucker’s Going Down: The Destruction of Demand
This Sucker’s Going Down: The Destruction of Demand Demand based on debt, unfulfilled promises and unaffordable habits is burning down. The first-order effect of the lockdown was demand destruction as shelter-in-place orders and business closures restricted consumers’ ability to spend. The second-order effect will be the permanent destruction of demand because people will realize they’re better off […]
There Will Be No Recovery Without Production
THERE WILL BE NO RECOVERY WITHOUT PRODUCTION Through most of the coronavirus crisis, those who have made the case for stay-at-home, reduce or stop work, and narrow the range of retail shopping to assure “social distancing” to reduce the spread of the virus have accused their critics of being more interested in preserving livelihoods than […]
The Collapse Will Be Visible: “For Lease” And “Space Available” Signs Are Starting To Go Up All Over America
The Collapse Will Be Visible: “For Lease” And “Space Available” Signs Are Starting To Go Up All Over America Initially, we were told that the coronavirus lockdowns would just “temporarily” disrupt the U.S. economy, but now it is becoming clear that a lot of the damage will be permanent. We are starting to see businesses […]
What is Really the Game with the Bailouts?
What is Really the Game with the Bailouts? There is a major crisis economically unfolding and the markets are not yet taking into account the seriousness of the economic damage. I have explained that this is a Coronavirus Bankruptcy Pandemic which has put about 30% of the retail service industry in the crosshairs of insolvency. […]
WTF: What The Fed?!? (Round 2)
WTF: What The Fed?!? (Round 2) Williams, Maloney, Martenson, Smith: “Trillions more reasons to be concerned” Back in mid-January, Grant Williams, Mike Maloney, Charles Hugh Smith, Chris Martenson and I sat down for an in-depth discussion on the dangerous distortions to financial markets and the global economy that central bank intervention is causing. That video, […]
10 Numbers That Show The U.S. Has Fallen Into A Horrifying Economic Depression
10 Numbers That Show The U.S. Has Fallen Into A Horrifying Economic Depression The last recession was really, really bad, but it was never like this. It is time for us to face reality, and that means admitting that the U.S. economy has plunged into a depression. This is already the worst economic downturn that […]
The Unspoken Reason for Lockdowns
The Unspoken Reason for Lockdowns Governments cannot openly admit that the “controlled easing” of COVID-19 lockdowns in fact means controlled progress toward so-called herd immunity to the virus. Much better, then, to pursue this objective silently, under a cloud of obfuscation, and hope that a vaccine will arrive before most of the population gets infected. […]
Blain’s Morning Porridge – May 19 2020 – Yoorp Kicks The Can
Blain’s Morning Porridge – May 19 2020 – Yoorp Kicks The Can “I don’t think I could stand another ten years of this fighting…” Yesterday afternoon I set out to cure Coronavirus. I set up a new company, Splurgeldrug.Com, issuing our first press release about promising new drug trials, followed by another reporting how lab […]
Fed Chair Just Made This Inadvertent Case for Gold
Fed Chair Just Made This Inadvertent Case for Gold This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: Powell boosts gold in Fed speech, why gold is the best bet to make now, and gold remains undervalued as an asset. Fed Chair Powell gives […]
Peter Schiff: It’s Not a Crisis Until It Becomes One
Peter Schiff: It’s Not a Crisis Until It Becomes One Despite Fed Chair Jerome Powell throwing cold water on the prospect of a quick economic recovery last week, there is still a lot of optimism out there. There is also an appalling lack of concern about all of the debt and money printing going on. In a […]
“We Print It Digitally”: Futures, Gold Soar After Powell Vows “Lot More We Can Do”
“We Print It Digitally”: Futures, Gold Soar After Powell Vows “Lot More We Can Do” It took Jerome Powell just two days to confirm what we said late on Friday, namely that with the Fed expected to boost QE by over $3 trillion (assuming Powell doesn’t cut rates negative), the Fed chair said that “there’s […]
How Can Socrates Forecast Thing Well in Advance?
How Can Socrates Forecast Thing Well in Advance? QUESTION: Martin –In the video link you see the blank answer by former Fed Chairman Bernanke when asked, in a 60 Minutes interview, as to where he saw unemployment going/peaking in the last crisis of 2008 (at minute 3:27). https://www.youtube.com/watch?v=sKx1BZd9bjQHow do you best explain Socrates being able to […]
