The Federal deficit hit $1 trillion in April. That’s a cool 1,500% increase year to year. That’s for one month. Here are the current horrible numbers, along with the immediate outlook, and what it means for stocks and bonds.
We are now one week away from the unemployment claims filed in March-May 2020 exceeding the grand total of all jobs destroyed during all U.S. recessions between 1945 and 2019.
A violent rejection in markets following a furious rally that began on March 23.
At its roots, QE is a mechanism of wealth redistribution. Zero rates transfer wealth from savers to borrowers and speculators.
Moreover, there are myriad costs associated with central banks nullifying the business cycle.
Thinking their economy was sufficiently robust to overcome a non-economic factor, the tax hike, they instead were forced into making excuses throughout Q4 2019 as to why it instead seemed to collapse so easily.
This isn’t 1930-33 levels but it is beginning to look like the same kind of thing, a serious fracture in the economic system which extends beyond the first order effect of the COVID-19 shutdowns.
The Fed just posted how much help it will give the market next week and son of a gun! It’s cutting again. The implications of this are yooge! Apparently Jaysus saves not! At least not the stock market. Doesn’t he care? Is this ritual sacrifice?
Here’s what you need to do now to protect yourself from Jaysus Powell’s Revenge.
Updating my data charts for EU27 comparatives to the U.S. in the number of cases, deaths and death rates:
The market action of the past 36 hours suggests that the money is gone.
Here’s a look at how the stock market sets up and what you should look for and expect today.
The futures continue the pullback that began a day after Jaysus Powell promised that the Fed would do whatever it takes to keep the US economy afloat, including slaughtering grandparents.