Michael ‘Big Short’ Burry Blasts “Unjustifiable” Lockdowns As “Most Devastating Economic Force In History”
Zero Hedge | “Universal stay-at-home is the most devastating economic force in modern history… And it is man-made.”
Tag: Money Watch
Worse Than 2008: We Are Being Warned That The Coronavirus Shutdown “Could Collapse The Mortgage Market”
Michael Snyder | Our leaders are being forced to make choices between saving lives and saving the economy.
Dow futures point to 600 point opening gain following Monday’s sharp rebound
CNBC | Stock futures pointed to a Tuesday opening jump in early morning trade, building on a steep rebound in the previous session.
In a hunt for returns, many investors are buying junk bonds
CNBC | Everybody likes a deal, and now some investors have decided that means they like junk bonds.
When Will The Coronavirus Lockdowns Be Lifted? Here Are One Bank’s Estimates
Zero Hedge | Deutsche Bank’s Luke Templeman points out that “politicians and health officials have discussed dates ranging anywhere from weeks to over a year.”
REPORT: Oil Prices May Drop to ‘Below Zero’ As Prices Rise Again
National File | CNN Business reports space to store oil may run out.
Here Comes The Next Crisis: Up To 30% Of All Mortgages Will Default In “Biggest Wave Of Delinquencies In History”
Zero Hedge | Mortgage lenders are preparing for the biggest wave of delinquencies in history.
Fed Panics As Foreigners Dump A Record $109 Billion In US Treasuries
Zero Hedge | So will the Fed succeed in halting foreign Treasury sales thanks to the brand new repo facility?
Why Did Russia Just Halt Domestic Gold Purchases?
Zero Hedge | Starting April 1, Russia will be suspending its domestic gold purchases.
‘Relax, Eat Out & Shop’: China In Desperate Bid To Jump-Start Paralyzed Consumer Economy
Zero Hedge | As China believes it’s over the coronavirus hump, with signs that “normal” could be just around the corner, leaders in Beijing are attempting to jump-start the economy once again.
Stocks Suffer Worst Start To A Year Ever… As Trump Approval Reaches Record High
Zero Hedge | As stocks crashed by record amounts in March, President Trump’s approval rating has soared to the highest of his presidency.
Will COVID-19 End The Fed?
Ron Paul | The silver lining is that this next crisis could finally demolish the Keynesian welfare-warfare state and the fiat money system.
Deteriorating economic conditions sink global stock markets
RT | Stocks in Asia and Europe suffered fresh losses on Monday due to unrelenting pressure from the worsening global spread of Covid-19.
The Economic Depression Of 2020: Many Of The Restaurants, Bars And Retailers That Have Closed Will Never Open Again
Michael Snyder | It appears that we are heading into the worst economic downturn of the post-World War II era, and that is going to be true no matter how this coronavirus pandemic ultimately plays out.
Gold Is Now “Unobtanium”
Zero Hedge | By now it becoming clear to many that demand for precious metals, as the world ‘turns’, is far outpacing supply as major gold suppliers and sellers exclaim “there is no gold.”