Investors will start to realize the economy is not recovering in August, I said. As result, the stock market will break sometime in August or September
The coronavirus pandemic inflicted a “swift and massive shock” that has caused the broadest collapse of the global economy since 1870 despite unprecedented government support, the World Bank said.… “This is a deeply sobering outlook, with the crisis likely to leave long-lasting scars and pose major global challenges,” said World Bank Group Vice President for […]
FedMed proved dead awhile ago with the whole Bulls team looking dead on the field, until Team Trump, the owner’s club, joined Coach Powell.
The Federal Reserve on Tuesday gave the market a double-dose of exactly what it thought the market needed, and the market just about died!
And, yet, the world sleeps in its cradle as the Fed nurses Wall Street with the warm, sweet milk of government debt.
Consider this a travelogue in pictures (graphs and charts really) that presents a rather striking and comprehensive image of a nation journeying into recession.
The Great Recession never ended. I say that because the deep economic flaws that caused it were never corrected.
Some may find that hard to believe because there is so much hot air (fiat money) still floating the system from a historical standpoint.
Most economic indicators this year have moved relentlessly in the direction of recession, and now the Cass Freight Index is saying a US recession may start in the 3rd quarter, fitting up nicely to my prediction that we would be entering recession this summer.
Those candied rate-cutting hopes gave the market a little bump following the Fed’s June meeting, but still not much and one that was short-lived, falling off by half the next week.