What recourse do we have when our public health officials completely and utterly fail us? I don’t know if we could have prevented COVID-19 from spreading widely in the United States even if everything had been done perfectly, but the truth is that we will never know. When this outbreak first started, visitors from the affected areas were allowed to...
Read moreWe haven’t seen anything like this since the last financial crisis erupted in 2008. Wall Street has been gripped by a tremendous amount of fear, and the volatility that we are witnessing would have been unimaginable just a couple of months ago. On Monday, the Dow Jones Industrial Average fell 2,013 points. To put that in perspective, the largest single...
Read moreIf you thought that we had more time before this coronavirus pandemic exploded out of control in the United States, I am sorry to say that you are out of luck. In all of the major nations in the western world, the number of confirmed cases escalated dramatically over the past few days. Here in the U.S., COVID-19 has now...
Read moreThe term “black swan event” is increasingly being used to describe this coronavirus outbreak, and many are concerned that what we are headed for will be much worse than what we experienced in 2008 and 2009. Already, we have witnessed a staggering drop in global demand, Wall Street has had to deal with the wildest week in eight years, and people...
Read moreWe haven’t seen anything cause this much worldwide fear in a really long time. But even though there is so much fear, we still don’t know if this is going to evolve into the next great global pandemic that kills millions of people or not. I wish that I had a definitive answer for you. At this point we do...
Read moreHas the Federal Reserve finally met an opponent that it won’t be able to defeat? Ever since the last financial crisis, unprecedented intervention by the Fed at key moments has kept the economy and the financial system relatively stable. No matter what has come along, it has seemed like the Federal Reserve has always had an answer, and this has...
Read moreThis is already the most frightening virus outbreak that we have seen in the past several decades, and it appears that it is just getting started. A week ago, there were about 3,000 confirmed cases outside of China and now there are more than 10,000. 4,812 cases have been confirmed in South Korea, 2,036 cases have been confirmed in Italy,...
Read moreI can’t remember a time when we have seen such widespread “panic buying” all over the nation. Today I spoke with someone that just visited the closest Wal-Mart in this area, and I was told that there are empty shelves all over the store. There are very few canned goods left, some of the most essential medications have been cleaned...
Read moreStock prices are falling faster and harder than they ever have before. If the financial markets are in this much chaos even though not a single American has died from the coronavirus yet, what are things going to look like if this outbreak starts sweeping across America like wildfire? The number of confirmed cases continues to explode all over the...
Read moreIs a widespread coronavirus outbreak inside the United States inevitable? After weeks of generally optimistic statements, officials are now warning us to prepare for the worst. Over the past several days we have seen the number of confirmed cases outside of China escalate dramatically, and this has really rattled global financial markets. After being down more than 1,000 points on...
Read moreWe just witnessed the third largest single day point drop in U.S. stock market history, and experts are warning that things will only get worse if this coronavirus pandemic continues to escalate. On Monday, the Dow Jones Industrial Average was down a whopping 1,031 points, and it looks like there could be more volatility on Tuesday. In fact, the Nikkei...
Read moreMany were hoping that this coronavirus outbreak would begin to subside, but instead we witnessed an explosion of newly confirmed cases over the weekend. In fact, the number of confirmed cases outside of China has doubled over the past five days. If that number continues to double very rapidly, authorities will be talking about a full-blown “global pandemic” in no...
Read moreWe still don’t know if this coronavirus outbreak will become a horrific worldwide pandemic or not, but what we have seen so far is definitely very alarming. People have literally been dropping dead in the streets, the Chinese government has locked down major city after major city, and the virus kept spreading very rapidly on a cruise ship off the...
Read moreGlobal food production is being hit from seemingly every side. Thanks to absolutely crazy weather patterns, giant locust armies in Africa and the Middle East, and an unprecedented outbreak of African Swine Fever in China, a lot less food is being produced around the world than originally anticipated. Even during the best of years we really struggle to feed everyone...
Read moreWhen was the last time that we witnessed a disaster that severely disrupted the supply chains of over 5 million companies around the globe simultaneously? Looking back over the past couple of decades, I can’t think of one. In recent days I have written a number of articles about the economic impact of this coronavirus outbreak, and what we have...
Read moreGlobal economic conditions are really starting to deteriorate quite rapidly. Economists were projecting that Japan’s GDP would shrink by 3.8 percent on an annualized basis in the fourth quarter, but instead it greatly surpassed expectations by plunging 6.3 percent. If Japan’s GDP falls again during the first quarter of 2020, and thanks to the coronavirus outbreak that seems very likely,...
Read moreFor more than a decade, the global economy has steadily grown quarter after quarter, but it looks like that streak is about to come to a very abrupt ending. The coronavirus outbreak in China has brought the Chinese economy to a virtual standstill, and as a result critical supply chains are in a state of chaos all over the world. ...
Read moreJust as the mainstream media was starting to speculate that China could be getting this outbreak under control, a dramatic spike in the numbers has changed everything. All of a sudden people are freaking out again, global financial markets are gyrating all over the place and medical experts all over the world are making bold pronouncements of doom. On Wednesday,...
Read moreFactories all over China have been shut down, global supply chains have been hit by an unprecedented shock, the Baltic Dry Index is absolutely collapsing, the tourism industry is being absolutely devastated, and companies all over the globe are warning that sales will be lower than anticipated this quarter. This coronavirus outbreak is already taking a very serious toll on...
Read moreIf this coronavirus outbreak is not a serious threat, then why is the U.S. government preparing to quarantine victims all over America? As you will see below, 11 U.S. military bases located close to major airports are being converted into “quarantine centers” for potential patients. When I first learned about this, I was greatly alarmed, because we have all seen...
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