US Bankruptcies Busting Out to Match 2009 Peak Mean Trouble for Stock Market
The following article by David Haggith was published on The Great Recession Blog: Bloomberg reported this week that thirteen US companies (in the…
Who Is The Next Wirecard?
Now that the multi-year saga of German fintech megafraud Wirecard is finally over, the pain is only just starting for…
COVID-Comeback Batters Big-Tech & Black Gold, Sparks Bond Bid
Just when you thought it was safe to buy any stock – selected at random via Scrabble letters – on…
“Watershed” Moment: Is Gold Signaling Stocks Now On “Shaky Footing”?
I rarely discuss financial markets these days. Although I pay attention, it’s not in the obsessive manner I did a…
COVID-Crunch? Fed Begins Rationing Coins As Americans Horde Cash
Having closed the US Mint and halted production (blaming COVID-19) after a surge in demand for gold and silver coins, and warned of…
This Can Not Continue, “A Staggering Number”: Over $18 Trillion In Global Stimulus In 2020, 21% Of World GDP
On Friday, we relayed the latest observations from BofA chief investment officer, Michael Hartnett who concluded that there is just one bull…
HSBC Resuscitates 35,000 Job Cut Plan As Banking Troubles Persist
Back in February, HSBC, Europe’s largest bank and troubled lender, announced a plan that would slash upwards of 35,000 jobs. Shortly after, the lender put…
Soaring Food & Energy Costs Spark Rebound In Producer Prices
Producer Prices rebounded MoM in May with headline Final Demand PPI rising 0.4% (against +0.1% exp) but it left PPI YoY…
Civil War 2.0 Weather Report: The Tsunami Begins, But You Knew That…
If we can stop him, we shall prevent the collapse of Western Civilization. No pressure.” – Sherlock Holmes: A Game of Shadows In…
Pandemic, Economic Collapse, Full Societal Breakdown
“And the will of Zeus was moving towards its end.” – Homer Symbiotic Disharmony The recline and flail of western…