{"id":33106,"date":"2018-04-04T08:13:50","date_gmt":"2018-04-04T13:13:50","guid":{"rendered":"http:\/\/olduvai.ca\/?p=33106"},"modified":"2018-04-04T08:13:50","modified_gmt":"2018-04-04T13:13:50","slug":"stocks-post-worst-april-start-since-the-great-depression","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=33106","title":{"rendered":"Stocks Post WORST April Start Since The Great Depression"},"content":{"rendered":"

Stocks Post WORST April Start Since The Great Depression<\/a><\/h3>\n
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The S&P 500 closed down more than 2.4% Monday and the broad market index posted its worst April start since 1929.\u00a0 This slide in the markets caused the worst start since the Great Depression, sparking fears we are on the same path.<\/p>\n

The\u00a0Dow Jones industrial average<\/a>\u00a0fell 1.9 percent (or 458 points) as China\u2019s retaliatory tariffs against United States agricultural goods stoked fears of a global trade war. Dow stocks with large international markets<\/a>\u00a0now exposed to global tariffs such as Boeing and 3M, led the decliners.<\/p>\n

Many market analysts have predicted we will live through another Great Depression,<\/a>and Peter Schiff says this next one will be far worse than one our ancestors lived through.\u00a0\u201cThe bad news is, we are going to live through another Great Depression and it\u2019s going to be very different. This will be in many ways, much much worse, than what people had to endure during the Great Depression,<\/strong>\u201d Schiff says. \u201cThis is going to be a dollar crisis.\u201d<\/p>\n

\u201cThe Fed thinks they create economic\u00a0growth\u2026by [saying] \u2018let\u2019s jack up the stock market and then the economy\u2019s going to grow and people are going to go out and spend more money.,\u2019\u201d says Schiff. \u201cIt\u2019s actually doing damage. If you create a bunch of phony wealth, and people end up spending money that they otherwise would have saved, you are undermining economic growth.\u201d<\/strong><\/p>\n

And Schiff, who accurately predicted the 2008 recession, has now predicted the dollar crisis.\u00a0 The dollar is now in a downward spiral thanks to China\u2019s <\/a>petro-Yuan.<\/p>\n

Bespoke Investments Co-Founder Justin Walters, who also noted the historic nature of the close,<\/a> said in an email that equity fears aren\u2019t likely to abate until earnings arrive. \u201cBased on recent market action, the bears clearly have control right now,\u201d Walters wrote. \u201cThe path of least resistance is lower until something comes along to reverse that trend.\u201d<\/p>\n

…click on the above link to read the rest of the article…<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Stocks Post WORST April Start Since The Great Depression The S&P 500 closed down more than 2.4% Monday and the broad market index posted its worst April start since 1929.\u00a0 This slide in the markets caused the worst start since the Great Depression, sparking fears we are on the same path. The\u00a0Dow Jones industrial average\u00a0fell […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,6],"tags":[130,303,1849,383,6489,501,963,6490,9937,3222,827,3650],"class_list":["post-33106","post","type-post","status-publish","format-standard","hentry","category-economics","category-liberty","tag-china","tag-fed","tag-financial-markets","tag-great-depression","tag-mac-slavo","tag-market-crash","tag-peter-schiff","tag-shtfplan-com","tag-tariffs","tag-trade-war","tag-united-states","tag-us-federal-reserve"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/33106","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=33106"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/33106\/revisions"}],"predecessor-version":[{"id":33107,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/33106\/revisions\/33107"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=33106"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=33106"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=33106"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}