The Worst Depression in 150 Years

The Worst Depression in 150 Years

The stock market had another big day today, spurred by the Fed’s massive recent liquidity injections. But you really shouldn’t be terribly surprised by the rally. Even the worst bear markets see substantial bouncebacks. And you can expect the market to give back all...
Has Coronavirus Just Triggered The Next Great Depression?

Has Coronavirus Just Triggered The Next Great Depression?

I am wrapping my head around this as best I can. The major upheavals that we are seeing play out right in front of our eyes. And the follow-on ramifications of this Coronavirus and how it will likely impact our way of life for quite some time to come. Doom and gloom...
They’re Gonna Need A Bigger Rate Cut!

They’re Gonna Need A Bigger Rate Cut!

Stop and pause for a moment and think about what just happened. The Federal Reserve says the US economy is strong, but it just initiated emergency monetary policy last seen during the worst financial crisis since the Great Depression. Something doesn’t add up. The Fed...
The Greatest Depression Just Began. This is no Drill

The Greatest Depression Just Began. This is no Drill

Exactly a month ago I warned that the Corona Virus outbreak was going to pop the “Everything Bubble.” I did something fairly subtle. I buried my main message under a whole heap of cow manure. It doesn’t make a rat’s ass if I was right or wrong about calling for a...