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Josh Sigurdson talks with Tim Picciott, The Liberty Advisor as trillions are printed by the Federal Reserve into the stock market creating an artificial bull market while banks slash credit card limits to "deal" with a problem far closer to home.
Get out of dollars... going to keep drifting down until it collapses"
Over 62 million not-retired people reported having no pay last week.
Josh Sigurdson talks with Tim Picciott, The Liberty Advisor about the imminent collapse of the housing market alongside the global economy as eviction moratoriums are extended according to Kudlow.
The cryptocurrency economy has spiked significantly on July 26 into the overnight trading sessions capturing over $300 billion in value. Bitcoin is trading above the $10,360 zone while ethereum is swapping for $321 per coin.
Investor money still piling into at-home stocks. The world is going back to a gold standard whether the Fed wants one or not. Massive moves in silver coming. Traders unwinding short spreads on precious metals. The canary in the coal mine is dropping
Pandemic-Driven Recession Is Not Over
On July 6, 2020 I posted my extended view and analysis why the 3rd quarter US GDP would falter–and lead to a W-shape recovery, as it typical of all Great Recessions.
Markets are beginning to factor in the US November Election...
Federal eviction moratorium expires in July, along with enhanced jobless benefits; Congress debates extensions
This is all about how precious metals are the ultimate insurance policy in a world gone mad.
In a desperate effort to delay the financial collapse, Newsom has ordered the state's EDD to delay unemployment checks for as many months as it takes to preserve the state's rapidly-dwindling funds
Monetary and fiscal policy won't lift us out of the new depression.
Raising red flags during a bubble is a thankless job. The crowd gleefully cheers the momentum and as tops are processes anyone voicing contrarian reservations looks to be wrong while the bubble proceeds.
Dire assessment by a respected analyst not prone to rash claims. His latest analysis indicates a highly likely systemic banking crisis by the end of this month. Central banks will accelerate the demise of currencies, and thus disempower governments
Even if you are already wealthy, some thought on this topic is worthwhile. What would you do if some act of God or of government, a catastrophic lawsuit, or a really serious misjudgment took you back to square one?
If JP Morgan keeps shorting silver with increasing demand for delivery, they're going to lose it all, and won't be able to issue contracts, allowing the price to go up. If they simply stop shorting, the price of silver goes up.
The recession of 2008 and 2009 was bad, but it was nothing like this.
A listener writes in to ask about the economic crash we're about to experience. Will there be bank bailouts like in the 2008 crisis, or bank bail-ins as we've seen the banksters preparing for?
One look at the latest economic data, conveniently summarized by the exploding Citi US econ surprise index, should be sufficient to convince most that the US is well and truly following a V-shaped recovery path.
The company said in its filing announcement the bankruptcy filing and refinancing move was "in response to immense disruption and forced show closures as a result of the COVID-19 pandemic."
As recession and pandemic overwhelm the Western world, the consumer is in rough shape and has been forced to reduce costs to weather the economic storm.
The Federal Reserve will face numerous challenges in the months and years ahead. Economic output will remain below potential for years to come as we deal with the pandemic and its long-term scarring effects.
Fortunately, for those who benefit from the status quo, and members of something called the Deep State, the trillions of new currency units delayed the liquidation. But they also ensured it will now happen on a much grander scale.
A no-holds-barred discussion of the economy after the coronavirus shutdown and George Floyd protests. Are we facing another Great Depression? Can there be a V-shaped recovery or is this wishful thinking?
According to the Bloomberg consensus, Existing Home Sales should decrease by 5.6% MoM to 4.09M, which would be the lowest level since November 2010.
Single-family starts barely rose at all in May (+0.1%), hovering near their lowest since March 2015. Multi-family starts rose 16.9% MoM...
"It is the system that deserves to be blamed. What those who wish to perpetuate the system deserve is another question."
An alarming number of Americans are having trouble making rent payments amid a period of high unemployment and an unfolding depression across the U.S.
I and others were mistaken early on in saying that the subprime crisis would be contained. The causal relationship between the housing problem and the broad financial system was very complex and difficult to predict.
