Protect Your Future Today
There’s a certain mindset today that thinks that because the current economic downturn is the result of states shutting down their economies to prevent the spread of COVID-19, once those shutdowns are done away with, everything will return to normal. Unfortunately, that won’t be the case. Aside from structural...
Stock market rallies in recent days have been characterized by wild price gains on the flimsiest of positive news. For instance, publication of the results of a vaccine trial on eight people raised such hopes for a coronavirus vaccine that stocks gained over 900 points. Yet there was no...
As the 2008 financial crisis continues to move to the backs of our minds, and as the current coronavirus kerfuffle becomes all-consuming, many people seem to have lost their awareness of just how weak the US economy was before all the government lockdowns. The economy was already on the...
You might think that during a major recession, older workers would be the first to go. They command higher salaries, require greater healthcare payments, and just cost a company more across the board. But in every recession through the 2008 financial crisis, Americans above the age of 55 were...
Just because stock markets have yet to price in the weakening US economy doesn’t mean that all investors are in the dark about what’s going on. And that’s why the gold price continues to rise, as the investors who understand what’s going on are leaving stocks and jumping into...
Last week saw the publication of some of the worst job market figures in history. Over 20.5 million people fell off payrolls, while the unemployment rate shot up from 4.4% in March to 14.7%, the highest figure since the Great Depression. And the response of stock markets was… to...
Last week saw an unprecedented market freakout, as markets began pricing in the likelihood of negative interest rates in the future. Futures markets anticipated negative rates as soon as November, which sent bond yields plummeting. While Fed Chairman Jay Powell has long stated that the Fed won’t take interest...
The US government is planning to borrow $3 trillion this quarter – the largest amount it has ever borrowed in a single quarter, and in fact the largest amount it has borrowed in an entire year. At a stroke, the Treasury has essentially quadrupled the size of the projected...
Economic data released last week showed that US gross domestic product (GDP) dropped 4.8% in the first quarter of the year, the most since the “Great Recession.” Since those numbers only captured data through the end of March, it’s highly likely that those numbers will get even worse as...
With the federal government already having spent over $2 trillion on the last stimulus bill, with the Federal Reserve having added over $2 trillion to its balance sheet since the beginning of March, and with the national debt rapidly approaching $25 trillion, just how much more stimulus spending will...