Tag - recession

Stock Market Performance Shows a Market Increasingly Divorced From Reality

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...

When the Financial Mainstream Calls for $3,000 Gold, You’d Better Pay Attention

Most people realize that mainstream financial institutions don’t like gold. In many cases it’s because they can’t make money selling investors on gold, whereas they can make commissions every time an investor buys or sells stocks, bonds, mutual fund shares, etc. In other cases it’s because they just don’t...

If You Thought a 2008-Style Crisis Was Avoidable, Think Again

We’ve been warning about an oncoming financial crisis for a while now. The fact that a financial crisis would occur was all but inevitable, given the massive bubble blown by the Federal Reserve’s extraordinarily loose monetary policy over the last 12 years. But despite the numerous warning signs that...

Financial Media Trying to Push Narrative That Recession Odds Are Low

It’s funny sometimes how the mainstream financial media tries to push narratives that are completely at odds with reality. With business activity already slowing in the US, China, and elsewhere, and with the onset of the coronavirus seriously upsetting global supply chains, anyone could tell that 2020 is going...