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What Comes Next?
What Comes Next? Predicting life after coronavirus If covid-19 is indeed hastening the permanent disruption of the status quo, what will life in a post-coronavirus world look like? In a prognosticating session building on last week’s Economic Shockwaves roundtable, John Rubino, Charles Hugh Smith and I — also joined by Chris Martenson this time — discuss the […]
We Won’t Be Getting “Back to Normal.” Not Soon. Not Ever.
We Won’t Be Getting “Back to Normal.” Not Soon. Not Ever. When will we get back to normal? If you yearn for the days before COVID-19 swept across the planet, I regret to inform you that those days are gone. This isn’t a warm and fuzzy blog post telling you that everything is going to […]
Bankrupting America
Bankrupting America Source: AP Photo/Alex Brandon Two weeks ago, President Donald Trump signed the largest stimulus bill in U.S. history: more than $2 trillion. For once, both Republicans and Democrats agreed. The Senate voted 96-0. The House didn’t even bother with a formal vote. At the White House, a reporter asked the president, pointing out […]
Peter Schiff: People Are Still Too Focused on the Pin and Not the Bubble
Peter Schiff: People Are Still Too Focused on the Pin and Not the Bubble There seems to be some optimism in the markets that the end of the coronavirus shutdown is getting closer. There is also this resistant myth that the economy will just fire back up at the snap of a finger. Peter Schiff recently appeared […]
The worst economic collapse ever?
The worst economic collapse ever? Country after country has reported extremely dark economic numbers. The gigantic jobless claims, 6.6 million from the U.S. last week, are just the tip of the iceberg. For example, the service sector PMIshave been simply ghastly across the globe. We are now in a crisis of epic proportions. But, how massive […]
The Liquidity Crisis Is Quickly Becoming A Global Solvency Crisis As FRA/OIS, Euribor Soar
The Liquidity Crisis Is Quickly Becoming A Global Solvency Crisis As FRA/OIS, Euribor Soar One month after turmoil was unleashed on capital markets, when the combination of the Saudi oil price war and the sweeping impact of the coronavirus pandemic finally hit developed nations, what was until now mostly a liquidity crisis is starting to […]
“These Numbers Are Ugly” – WTO Forecasts Collapse In World Trade, Recovery For 2021
“These Numbers Are Ugly” – WTO Forecasts Collapse In World Trade, Recovery For 2021 The World Trade Organization (WTO) published a new report on Wednesday that is truly apocalyptic, and crushes all hopes that a V-shaped recovery would be seen this year (similar to what Morgan Stanley said last week): “World trade is expected to fall by between 13% and […]
Global Economies Suffer “Largest Drop On Record”: OECD
Global Economies Suffer “Largest Drop On Record”: OECD In case anyone needed more proof that the entire world is sliding into recession, if not outright depression, on Wednesday morning the Organisation for Economic Cooperation and Development said that major economies are seeing the biggest monthly slump in activity ever amid the coronavirus crisis and no […]
The Lockdown Wouldn’t Be So Devastating If Our Economy Wasn’t So Rigged, Brittle and Exploitive
The Lockdown Wouldn’t Be So Devastating If Our Economy Wasn’t So Rigged, Brittle and Exploitive An economy of rackets designed to enrich the few at the expense of the many is brittle because self-serving rackets snuff out competition, accountability and transparency. What’s remarkable about the lockdown isn’t the hue and cry about the economic damage–it’s […]
Peter Schiff: What Is the Economy Going to Recover to?
Peter Schiff: What Is the Economy Going to Recover to? A lot of people still seem to think at some point, Donald Trump will flip a switch and the government will start humming again. As Peter Schiff explained in his podcast Friday that’s not going to happen. The best we can hope for is recovering […]
Stockman: This Is Not Your Grandfather’s Recession…
Stockman: This Is Not Your Grandfather’s Recession… 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. There have now been an unprecedented, off-the charts 9.96 million new unemployment claims in the last two […]
Worse Than 2008: We Are Being Warned That The Coronavirus Shutdown “Could Collapse The Mortgage Market”
Worse Than 2008: We Are Being Warned That The Coronavirus Shutdown “Could Collapse The Mortgage Market” The cascading failures that have been set into motion by this “coronavirus shutdown” are going to make the financial crisis of 2008 look like a Sunday picnic. As you will see below, it is being estimated that unemployment in […]
Rabobank: “There Is Really Only One Headline Today – That PM Boris Johnson Is In Intensive Care”
Rabobank: “There Is Really Only One Headline Today – That PM Boris Johnson Is In Intensive Care” ICU There is really only one headline today – that UK PM Boris Johnson is in intensive care. Indeed, as several medical experts have attested, given the critical shortage of ICU beds he is likely to be on a […]
