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Answers
Answers The year is 2020. A new virus is spreading across the planet like a wildfire. More lethal than the flu, highly contagious with no cure. Stocks markets collapse, global economies are shutting down with billions of people quarantined to their homes and millions losing their jobs overnight. What do you do? What DO you […]
The COMEX Issues and Stops Reports Expose Conditions Behind Physical Gold Supply Problems
The COMEX Issues and Stops Reports Expose Conditions Behind Physical Gold Supply Problems Currently, the latest COMEX Issues and Stops reports expose conditions behind the COMEX physical gold supply problems. Though I have written about the various reasons why physical gold supply problems manifest many times in the past, this topic still remains one rarely […]
China Suffers Economic Double-Whammy As Current Global Demand Collapse Follows Earlier Supply Crash
China Suffers Economic Double-Whammy As Current Global Demand Collapse Follows Earlier Supply Crash As the first quarter is about to close, many Chinese factories are still operating below full capacity, have been gradually ramping up production over the last several weeks as government data suggests the country’s pandemic curve has flattened. But as Bloomberg notes, there is a serious […]
Weekly Commentary: The Solvency Problem
Weekly Commentary: The Solvency Problem Being an analyst of Credit and Bubbles over the past few decades has come with its share of challenges. Greater challenges await. I expect to dedicate the rest of my life to defending Capitalism. One of the great tragedies from the failure of this multi-decade monetary experiment will be the […]
“Unprecedented Decline” – The Collapse In World Trade Is A Once In A Generation Shock
“Unprecedented Decline” – The Collapse In World Trade Is A Once In A Generation Shock COVID-19 is expected to produce a global recession depression as nearly all of the world’s major economies have ground to a halt between February and March, expected to continue through April. The crash in China’s economic activity, shown last month, suggests that Europe […]
#MacroView: The Fed Can’t Fix What’s Broken
#MacroView: The Fed Can’t Fix What’s Broken “The Federal Reserve is poised to spray trillions of dollars into the U.S. economy once a massive aid package to fight the coronavirus and its aftershocks is signed into law. These actions are unprecedented, going beyond anything it did during the 2008 financial crisis in a sign of […]
Forced Liquidation
Forced Liquidation Historians of the future, pan-roasting fresh-caught June bugs over their campfires, may wonder when, exactly, was the moment when the financial world broke with reality. Was it when Nixon slammed the “gold window” shut? When “maestro” Alan Greenspan first bamboozled a Senate finance committee? When Pets.com face-planted 268 days after its IPO? When […]
Loonie Dips After Bank Of Canada Emergency Rate-Cut, Launches QE
Loonie Dips After Bank Of Canada Emergency Rate-Cut, Launches QE The Bank of Canada has just gone full-Fed-tard by slashing rates to just 0.2% and launching a commercial-paper-buying program and has committed to buy C$5bn Canadian Treasuries per week… Negative rates next? Full Bank of Canada Statement: The Bank of Canada today lowered its target […]
All The Craziest Things About America Are Being Highlighted By This Virus
All The Craziest Things About America Are Being Highlighted By This Virus “Corona is a black light and America is a cum-stained hotel room,” comedian Megan Amram colorfully tweeted a couple of weeks ago. Her observation has only grown more accurate since. The corporate cronyism of America’s political system has been highlighted with a massive kleptocratic multitrillion-dollar corporate bailout of […]
How bad will Canada’s COVID-19 recession be?
How bad will Canada’s COVID-19 recession be? 2 million jobs could be at stake, and the economy could shrink by more than it did in 2009 The black swan has landed. The novel coronavirus pandemic is well underway worldwide, but it wasn’t until this month that Canadians started coming to grips with the economic pain it can […]
The Pandemic Is Accelerating the Breakdown That Began a Decade Ago
The Pandemic Is Accelerating the Breakdown That Began a Decade Ago The feedback loop has reversed: by saving more, people will spend, borrow and speculate less, draining the fuel from any broadbased expansion. In eras of confidence and certainty, people save less and spend more freely. When we’re confident that good times are not only here […]
How Does Pandemic Change the Big Picture?
How Does Pandemic Change the Big Picture? As of 2019, the Big Picture for humanity was approximately as follows. Homo sapiens (that’s us), a big-brained bipedal mammal, had spent the Pleistocene epoch (from 2.5 million years ago until 12,000 years ago) developing its ability to control fire, talk, paint pictures, play bone flutes, and make tools and clothes. Language […]
Food-Security Fears Spark Panic-Hoarding, Could Drive Inflation Sky-High
Food-Security Fears Spark Panic-Hoarding, Could Drive Inflation Sky-High A senior economist from the United Nation’s (UN) Food and Agriculture Organization (FAO) told Reuters that food inflation could be imminent as people and governments panic hoard food and supplies amid the COVID-19 pandemic. “All you need is panic buying from big importers such as millers or governments to create […]
Rickards: It’ll Get Worse it Before It Gets Better
Rickards: It’ll Get Worse it Before It Gets Better We’re well into the coronavirus pandemic at this point. As of this writing, there are 360,765 reported infections and 15,491 deaths worldwide. Over the next few days, you may be certain that those numbers will be significantly higher. That’s how pandemics work. The cases and fatalities […]
