As fear of the coronavirus spreads across America like wildfire, we have witnessed “panic buying” on a scale that is absolutely unprecedented. (Read More...)
This Was The Worst Week For The Stock Market Since 2008, And “Jobless Filings Are Growing Geometrically”
Just a few weeks ago everything seemed completely normal to most people, but now fear of the coronavirus has caused U.S. stock prices to absolutely implode. The stock market crash of 2020 will forever be mentioned alongside the crashes of 1929, 1987 and 2008, and by the time it is over it could potentially end up being the largest of them all. Close to a third of all stock market wealth in the entire country has already been wiped out, and many experts are warning that the worst is yet to come. Of course the authorities are going to do their very best to try to prop up the market, but despite the most dramatic intervention by the Federal Reserve that we have ever witnessed, U.S. stocks just had their worst week since 2008… (Read More...)
Will This Be “Just A Recession” Or Will It Be “The Next Great Depression”?
As America slowly but surely shuts down from coast to coast, everyone is acknowledging the fact that we are heading into a very serious economic downturn. Originally, many experts were warning that this coronavirus pandemic could spark a recession, but now some are actually starting to use the “d” word. Yesterday, I wrote about the government planning document that envisions an 18 month pandemic, multiple “waves” of infections, and “critical shortages” of important supplies. If that scenario actually plays out, what we will experience will be far, far worse than the “Great Recession” of 2008 and 2009. So let us hope that a way can be found to slow down the spread of this virus. (Read More...)
The U.S. Government Is Preparing For An 18 Month Pandemic And “Critical Shortages”
Are you prepared for the nationwide shutdown that is happening now to last for the next 18 months? You may not believe that such a thing will happen, but the federal government apparently does. A 100 page government plan marked “For Official Use Only // Not For Public Distribution or Release” was obtained by the New York Times, and it paints a very bleak picture of what is coming. If the projections in this document are anywhere close to accurate, large numbers of Americans will die, the U.S. economy will completely implode, and we will see widespread civil unrest. So let us pray that the assessments in this government plan turn out to be dead wrong. (Read More...)
The Coronavirus Collapse Is Here: Get Ready For The U.S. Unemployment Rate To Hit 20 Percent (Or Higher)
As communities all over America shut down in order to help prevent the spread of the coronavirus, job losses are already starting to rise to extremely alarming levels. As you will see below, almost one out of every five households in the U.S. has already experienced “a layoff or a reduction in work hours” because of this pandemic. Unfortunately, many experts are now anticipating that we could see one of the most dramatic spikes in the unemployment rate in American history in the months ahead. In fact, it is being reported that Treasury Secretary Steven Mnuchin just told members of Congress that this crisis could actually push our unemployment rate up to 20 percent… (Read More...)
For The 3rd Time This Month, We Just Witnessed The Largest Single Day Point Crash In Stock Market History
We are literally witnessing history in the making. For the third time in the last six trading sessions, we have witnessed the largest single day point crash in stock market history. Let that sink in for a moment. On March 9th, the Dow set a new record by falling 2,013 points. Then on March 12th, the Dow set a new record again by falling 2,352 points. Of course what happened on Monday was the biggest whopper of them all. The Dow Jones Industrial Average was down 2,997 points, and words like “carnage” and “devastation” don’t seem to be strong enough to convey that horror that took place. To put all of this into perspective, the largest single day point crash during the last financial crisis was just 777 points. That means that the crash that we witnessed on Monday was nearly four times as large as the worst single day point crash in 2008. (Read More...)
Did The Federal Reserve Just Purposely Try To Crash The Stock Market?
Unless the Federal Reserve is purposely attempting to spread panic on Wall Street, the decisions that the Fed just made don’t make any sense at all. Back on March 3rd, the Federal Reserve announced an unscheduled emergency interest rate cut for the very first time since 2008. Wall Street immediately interpreted that as a “panic move” and the Dow Jones Industrial Average ended the session down 785 points. So Fed officials had to know what was going to happen once they announced an even bigger unscheduled emergency interest rate cut on Sunday. Predictably, stock futures hit “limit down” very rapidly, and now investors are bracing for a week of tremendous carnage. (Read More...)
Get Ready For Your Lifestyle To Change Indefinitely Because Of This Coronavirus Pandemic
Fear of the coronavirus is causing shutdowns on a global scale like we have never seen before. Just about every major sporting event that you can think of has been either canceled or postponed, schools and universities are keeping students away, global tourism is absolutely collapsing, churches are being shuttered, conferences and festivals are being taken off the calendar, businesses are asking workers to work from home, and even Disneyland is being closed down. Over the past several days the wave of closings and cancellations has become an avalanche, and all of our lifestyles are going to be dramatically altered for the foreseeable future. (Read More...)