This past week the news emerged from the highly respected University of Chicago economics research department that massive permanent losses of jobs will be the base case for any future U.S. economic recovery. They now estimate that an incredible 42…
Stocks plunged most of the week after Federal Reserve Chair Jerome Powell became one of the most famous outspoken voices on the danger the U.S. economy finds itself in these days thanks to the lockdown imposed from the coronavirus. Powell…
Over the past several weeks, the news has emerged that state and local governments are so hard up financially that they have even sought help from the big state pension funds. Unfortunately for everyone, the pension funds are mostly hopelessly…
This past week, the credit ratings agency Fitch struck again, this time at Italy and its troubled sovereign credit rating. Fitch lowered the credit rating on Italian debt from its prior rating of BBB to BBB-. This represented a single…
The economic hits just kept on coming this past week. Goldman Sachs, the much-admired and widely followed Wall Street analyst, announced their belief that the worldwide economic toll from the current crisis will prove to be four times more severe…
This past week, devastating predictions on the depth of the economic collapse in the United States emerged. JPMorgan economists had previously predicted that the economic carnage would result in a 25 percent decline in GDP for the second quarter of…
This past week saw the U.S. economy continue to crater as lockdowns and shutdowns around the nation continued to boost unemployment claims yet again to another scary all-time high. Another 6.6 million Americans joined the unenviable ranks of the newly…
Global crises are watershed moments after which the preexisting world order can rearrange for better or worse. China’s initial secrecy about the outbreak of Covid-19 has drawn the ire of the international community. Lost in the noise, however, is a…
We conducted a survey asking 1,500 Americans which investments they viewed as “the safest” right now for their IRA or 401(k). We used Google Surveys and targeted males and females between the ages of 55 to 65+ from coast to…
Americans who are out of work because of the coronavirus filed for unemployment claims in all-time record numbers this past week. The Labor Department announced a shocking escalation up to 3.28 million filed claims last Thursday. These numbers may be…
Data this week revealed that business activity for March in the euro zone economy experienced an “unprecedented collapse” with the intensification of the coronavirus. The abysmal PMI provisional Purchasing Manager’s Index survey data was released by IHS Markit on Tuesday.…
Monday of this past week saw both stock market indices and oil benchmark prices deteriorate into a free fall. This worst stock market plunge since the Black Monday crash of 1987 happened even as global central banks around the world…
Wall Street has suffered its worst session since 1987’s infamous “Black Monday”, and the World Health Organization has officially classified the novel coronavirus—Covid-19—as a global pandemic. It looks as though major US employers are set to announce widespread layoffs to…
This past week saw two of the worst stock market declines in U.S. financial markets history. The first trading day of the week was labeled a “Black Monday” as the Dow Jones Industrial Average plunged over 2,000 points. Thursday saw…
On Monday, market watchers woke up to find that, while the sky hadn’t fallen, virtually every asset in their portfolio had plunged into the red. Or, perhaps, maybe the sky had. The Dow fell 2,000 points and the S&P 500…
These past two weeks have seen historic drops in the stock markets both in the U.S. and around the world. Goldman Sachs slashed its earnings estimates for 2020 on U.S. companies to only $165 per share. Their revised forecast predicted…
This past week you saw discouraging news emerge from the subprime borrowing markets. The most recent data release from the Federal Reserve showed that credit card delinquencies (over 30 days late payments) from the 4,500 banks under the top 100…
Amid concerns over the spread of the COVID-19 Coronavirus and its effects on the global economy, markets have been on a downward trajectory. Yet, while global stock markets are in turmoil, precious metals like gold and silver have seen significant…
Elliot Wave Theory is a method of technical analysis employed by financial traders as an indicator of market trends with an emphasis on investor psychology. First proposed by Ralph Nelson Elliot in the 1930s, it has become an oft-debated principle…
The impact of the COVID-19 coronavirus has been unrelenting, and global markets are feeling the shockwave. While the stock market sinks, precious metals have risen amid the chaos. On Monday, February 24, April gold futures reached an all-time contract high…
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