Congratulations: You Survived the Wildest Market Conditions Since 1929
Mar 17, 2020 | News
Have you ever wondered what the 1929 stock market crash was like? Have you ever imagined how it might feel, as an investor, to endure 1929-level panic and turmoil? Have you ever wondered if you could handle it? Well, you don’t have to wonder anymore, because it just happened. The extreme volatility and fear displayed on Monday broke all records…
Italy is a Foreshadow of the “Tsunami” that is Coming. All Americans Should Prepare.
Mar 11, 2020 | News
We have been sounding the alarm on the coronavirus situation for weeks. Last week, we explained that America is entering the coronavirus J-Curve. We also explained why more than 80 million Americans are likely to be infected (as a low-end estimate). One of the replies we received was short and blunt: “Thanks for scaring the s–t out of me.” It…
The U.S. Shale Industry Might Not Survive the Saudi-Russian Oil War of 2020
Mar 09, 2020 | News
The overnight futures markets were a stunning sight to behold this weekend. On Sunday night, the Brent and West Texas Intermediate crude oil futures markets were down more than 30% at their lowest point. That is the wildest price move for crude since the first Gulf War in 1991. Crude oil is still, by far, the most important commodity in…
Central Banks are Confirming a 71-Year-Old Prophecy from Austrian Economics
Mar 03, 2020 | News
On Monday, Feb. 2, 2020, the Dow Jones industrial average roared higher by nearly 1,300 points. The single-day rally was the Dow’s best day in more than a decade. And the Dow was only one part of it. Stocks in general were up big on Monday in the anticipation of central bank stimulus. The story is well known: When things…
Why the Outbreak is Like a Biological EMP Attack
Mar 02, 2020 | News
Last week, the markets experienced true panic. The S&P 500 saw its fastest-ever 10% correction from all-time highs; the 30-year U.S. treasury bond yield fell to all-time lows on safe-haven buying; and the Chicago Board Options Exchange (CBOE) Volatility Index, also known as the VIX, saw a bigger intra-month spike than it did in October 2008. The source of fear…
Coronavirus is Coming to the United States — Here’s What to Watch
Feb 26, 2020 | News
Coronavirus is coming to the United States. “It’s not so much of a question of if this will happen anymore,” Nancy Messonnier, Director of the National Center for Immunization and Respiratory Diseases (NCIRD), said in a Wednesday briefing, “but rather more of a question of exactly when this will happen.” Immediately after the NCIRD briefing was released, the stock market…
The WeWork Saga Was Even Nuttier Than We Thought
Feb 21, 2020 | News
The era that ran from 2007 to 2019 was the most epic in Silicon Valley history. In 2007, Steve Jobs introduced the first iPhone. Then came the rise of Facebook and Twitter, the founding of Airbnb and Uber, the genesis of Bitcoin, the dominance of mobile apps, and the ubiquity of the “gig economy.” And then, finally, the spectacular collapse…
This Could Be the Year Big Business Goes Remote (and stops shaking hands)
Feb 19, 2020 | News
The coronavirus outbreak may now be “at the brink” of a global pandemic. So says Anthony Fauci, the director of the U.S.-based National Institute of Allergy and Infectious Diseases, as reported by Axios. The virus, officially dubbed COVID-19, has killed more than 2,000 people and infected more than 75,000 within China — assuming numbers from the Chinese government are trustworthy….
The Coronavirus Threat to Markets Has Not Passed
Feb 14, 2020 | News
As of Feb. 14, 2020, the stock market doesn’t appear worried about the coronavirus outbreak. This applies not just to the U.S. market — where the S&P 500, Dow Jones industrial average and Nasdaq composite touched all-time highs this week — but to markets around the world. The MSCI World ETF, which represents the global stock market and trades under…
The Coronavirus Outbreak Looks Far More Serious Than SARS
Feb 07, 2020 | News
As of this writing on Friday, Feb. 7, markets are catching up to the coronavirus outbreak — but investor awareness is still far behind. The situation could be far more serious than most realize. “Dow drops 200 points,” a CNBC headline reads, “on concern coronavirus will dramatically slow China’s economy.” The odds that China’s economy will “dramatically slow” are virtually…
