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Category Archives: Economics
The Insanity Continues: Futures Crash Limit Down, S&P Indicated 6% Lower
The Insanity Continues: Futures Crash Limit Down, S&P Indicated 6% Lower After surging 6% yesterday, with the Dow briefly rising more than 1,000 point, traders once again got a reminder of what record high VIX means when overnight futures crashed again – despite the Fed’s launch of two Lehman-era crisis facilities, the PDCF and the […]
The Demise of the Financial System is Imminent
THE DEMISE OF THE FINANCIAL SYSTEM IS IMMINENT “Next five years is not about winning but surviving.” This is the headline of an article I wrote in early August 2019. At that point I was primarily thinking of economic survival. But now the world is facing multiple threats and multiple failures. As I have already stated, […]
Oil Plunges To 17 Year Low As One Bank Predicts Negative Prices
Oil Plunges To 17 Year Low As One Bank Predicts Negative Prices Late on Tuesday, WTI plunged as low as $26.20 taking out the lows from the 2015/2016 oil recession, and sending it to a level last seen when US president was George W. Bush, people were listening to Get Busy by Sean Paul and […]
Covid-19 Helicopter Money: Go Big Now or Go Home
Covid-19 Helicopter Money: Go Big Now or Go Home This is why it’s imperative to go big now, and make plans to sustain the most vulnerable households and small employers not for two weeks but for six months–or however long proves necessary. That governments around the world will be forced to distribute “helicopter money” to […]
Globalists May Soon Become an Extinct Species
Globalists May Soon Become an Extinct Species The disruptions caused by the spread of the coronavirus mean supply chains will be moved closer to home rather than in foreign lands. The coronavirus’s depressing effects on the global economy and disruptions of supply chains is no doubt driving the last nail into the coffin of the globalists. […]
The Covid-19 Dominoes Fall: The World Is Insolvent
The Covid-19 Dominoes Fall: The World Is Insolvent Subtract their immense debts and they have negative net worth, and therefore the market value of their stock is zero. To understand why the financial dominoes toppled by the Covid-19 pandemic lead to global insolvency, let’s start with a household example. The point of this exercise is to […]
Ciruit-Breaker Halts US Stock Markets At Open 15 Mins
Ciruit-Breaker Halts US Stock Markets At Open 15 Mins US equity markets are opening down extremely hard this morning after futures traded limit-down from shortly after last night’s open. The 10% surge in stocks to end Friday and provide hope into the weekend has been decimated… And with the S&P 500 opening worse than 7% […]
“The World Has Changed” – What Was Our Biggest Mistake?
“The World Has Changed” – What Was Our Biggest Mistake? This is going to take time. Sorry to have to say it, but patience will be required and undoubtedly tested. By far the best thing that central banks can do is keep the global financial and funding markets functioning and not especially worry about whether the […]
IMF Prepares $1 Trillion Bazooka
IMF Prepares $1 Trillion Bazooka The IMF has just fired off a trillion-dollar “bazooka” of its own Monday morning. In a blog post published minutes ago, IMF Director Kristalina Georgieva issued three “policy prescriptions” that she said should define a “coordinated response” from the developed economies in Europe and the US. In addition to declaring that the […]
“Just Close The Whole Thing Up”: CNBC Anchors Melt Down, Beg For Market Closures On Twitter
“Just Close The Whole Thing Up”: CNBC Anchors Melt Down, Beg For Market Closures On Twitter Few are dealing with the economic and market turmoil with more chaos and less class and resolve than the expert “buy and hold” class over at CNBC, who shockingly never said one word of warning to their retail viewers […]
Fed Disaster: S&P Futures Crash, Halted Limit Down; Gold, Treasuries Soar After Historic Fed Panic
Fed Disaster: S&P Futures Crash, Halted Limit Down; Gold, Treasuries Soar After Historic Fed Panic The Fed may have a very big problem on its hands. After firing the biggest emergency “shock and awe” bazooka in Fed history, one which was meant to restore not just partial but full normalcy to asset and funding markets, Emini futures are […]
Something Is Breaking: Fed Fails To Ease Epic Dollar Shortage As FRA/OIS Goes Parabolic
Something Is Breaking: Fed Fails To Ease Epic Dollar Shortage As FRA/OIS Goes Parabolic One certainly can’t blame the Fed for trying: after firing a repo “bazooka” yesterday, which could provide up to $5 trillion in monthly liquidity in exchange for eligible pledged securities, and following that up with an emergency QE operation today when […]
We Are Heading for a Depression – Charles Nenner
We Are Heading for a Depression – Charles Nenner Renowned geopolitical and financial cycle expert Charles Nenner told his clients back in January 2020, “It was time to sell . . . . I am afraid they can lose 40% to the downside.” Well, we are more than halfway there, and Nenner warns it’s going […]
Black Swans, Dead Cats, Live Bats, and Goodbye to All That
Black Swans, Dead Cats, Live Bats, and Goodbye to All That Had enough excitement yet? At least the stock markets are following an established script: the bubble pops, the elevator drops, for a while it stops… and then investments sink to the deepest sub-basement, where they linger for a long, long time. Hello, next great […]
