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Well this is starting to become a trend. Over the past few weeks, state governments across the Land of the Free have been feverishly proposing new legislation that will virtually guarantee the entire…
Today, the world changed. Join Mike Maloney for this Special Report as he explains what ‘Oil Armageddon’ means for the world, your country, your family and your future. Buckle up. We thank you for sharing this video far and wide.
Caveat freaking emptor. After the Fed effectively fully nationalized the financial markets by bailing out junk bonds on April 9th, turning Wall Street into a Soviet Sausage Factory, almost any typ…
Restaurants Describe Huge Shortfalls Within Government's Relief ProgramsApr 20, 2020 - 12:06:04 PDT
Sixty percent of restaurant owners say that existing federal relief programs won't be enough to keep employees on payroll during the coronavirus pandemic.
Sir Richard Branson pledges Necker Island as collateral to help get a UK government bailout for Virgin Atlantic.
United said it lost $2.1 billion in the first quarter, some of the first detail of damage from coronavirus on the airline business.
Japan to Boost Stimulus to $1.1 Trillion as Virus Threatens Deeper RecessionApr 20, 2020 - 11:50:30 PDT
Japan boosted its new economic stimulus package on Monday to a record $1.1 trillion to expand cash payouts to its citizens, as the fallout from the coronavirus pandemic threatens to push the world's third-largest economy deeper into recession.
The S&P 500 index is set to suffer the worst quarter for earnings since the 2008 financial crisis, and it’s likely to get a lot worse because these results...
Crazy, Dangerous Things have taken root in policy circles. Traditional norms are being tossed on the compost heap. Deficits don’t matter; the size of central bank balance sheets doesn’t matter; what central banks purchase doesn’t matter; money doesn’t matter.
Below is a chart of ECRI's smoothed year-over-year percent change since 2000 of their weekly leading index. The latest level is below where it was at the start of the last recession.
THE European Union faces triggering a "domino effect" if the bloc fails to bailout Italy's ailing economy, prime minister Giuseppe Conte has warned.
The top U.S. infectious disease expert on Monday warned protesters who are ignoring their governors’ stay-at-home orders that the country will not recover economically until the ravaging coronavirus is under control.
There is a real risk that the oil storage capacity is filling up...
Governments have regained the religion of borders, and protecting its own. That includes everything we grow and produce, as we are all...
Apr 20, 2020 - 09:48:47 PDT
Once the virus is truly beaten, the crisis could weaken structural forces weighing on demand...
You may have heard about the lack of workers to plant and harvest veggies, and we’ve read about the shuttering of meat packing plants.
Apr 20, 2020 - 09:36:11 PDT
The US is embarking on a rapid-fire experiment in borrowing without precedent, as the government and corporations take on trillions of dollars of debt to offset the economic damage from the coronavirus pandemic. The federal government is on its way this year to spending nearly $4 trillion more than it collects in revenue, analysts say, a budget deficit roughly twice as large relative to the economy as in any year since 1945.
Short sellers have revived their wagers against the stock market in recent weeks, taking their most aggressive positions in years. Bets against the SPDR S&P 500 Trust, the biggest exchange-trad…
“I don’t think we’ll have a long-lasting Great Depression…. But we may have a different kind of a mess. All this money-printing may start bothering us.”
There’s a Significant Risk of Cascading Defaults in Form of a “Debtors’ Strike”Apr 20, 2020 - 08:41:28 PDT
The bailouts are better described as an organized protection racket run by banks, hedge funds, private equity investors, and large corporations.