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As the Fed desperately tries to prop up the American economy, the U.S. dollar is wasting away…
Well for once, inflation works out in your favor, because this week's Fast Profits option trade could be your last defense from the government's reckless intercession.
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The Federal Reserve's promised to be the support pillar that holds up America's capital markets.
And they've promised to hold up the economy no matter how bad things get.
Too bad the price America's paying – our way of life – is too high.
Here's the short story of how the Fed hijacked free markets and ushered in socialism – and how to win our freedom back… Full Story
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If our plans to "reopen America" trigger another spike in coronavirus cases and hospitalizations… and the 14.7% unemployment rate that represents 23.1 million Americans out of work… there's a looming implosion that everyone's been ignoring. We're talking about Mortgage Massacre 2.0. And it's right around the corner. U.S. households are creaking under the weight of the debt they're carrying. And most frighteningly, mortgage debt at $10 trillion is up $150 billion in a year, climbing a whopping $29 billion in the first quarter of 2020. As job losses increase and furloughs turn into permanent layoffs, households are going to have a much harder time paying their bills, especially their biggest monthly bill, their mortgage or rent. Or, maybe they won't have to pay it. Here's our Shah Gilani with the details…
Or, maybe they won't have to pay it...
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The novel coronavirus isn't "novel" anymore.
It's everywhere.
And it's disrupting how we live, how we work, and how we invest.
Huge paradigm shifts are already underway.
Here's how life as we know it is changing…
The Reaction to COVID-19's Origin and Spread
The origin of the novel coronavirus is unknown – at least officially. But that hasn't stopped speculation about whether the virus manifested itself naturally – perhaps originating in bats, got passed to an intermediate animal host, and morphed or became zoonotic, and able to infect humans – or whether it is a manmade virus.
If it is zoonotic in origin, the world will still want to know where and how it happened – and how to prevent naturally occurring future virus mutations.
If its origin is manmade – whether it was being engineered as a SARS vaccine, or as an HIV-attached bioweapon – we need to know.
It matters.
When the truth is discovered, or the most plausible scenario gets mapped out, countries are going to react. The nature of global relations will change… Full Story
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Our Capital Wave Strategist Shah Gilani has made expert money-flow reads time and again.
So as the U.S. economy and the global financial markets face their biggest possible threat in a century, Bill asked Shah to offer another money flow "read" – and to give Money Morning readers a "spoiler alert" on where the coronavirus pandemic narrative is headed next.
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Just because the World Health Organization officially named the disease caused by the novel coronavirus COVID-19, that doesn't mean it's not going to be referred to as the Wuhan virus, the Chinese coronavirus, or other names that stamp the origin of the virus into the public lexicon.
One reason for what some observers see as politically incorrect name-calling is, in fact, pure politics.
The President of the United States, some members of his administration, and other politicians are stamping "Made in China" all over the virus because identifying China as the virus's place of origin stigmatizes China geopolitically, with the intention of undermining China's increasing global influence.
Another reason the world's going to be hearing more about the Wuhan or Chinese virus is that lawsuits are being filed blaming China for accidental or deliberate gross economic destruction.
A $20 trillion class-action suit filed in the U.S. District Court for the Northern District of Texas alleges the COVID-19 virus is a biological weapon designed by China. And by releasing it, China violated U.S. law, international laws, treaties, and norms and caused massive economic damage to U.S. individuals and businesses.
Here's why in politics and law, sometimes names matter… Full Story
Here's why in politics and law, sometimes names matter...
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Initial jobless claims for the week ending March 21, 2020 were a record 3.28 million.
That's 11.6 times the week before when 281,000 claims were filed, and 4.72 times the previous record of 695,000 Americans seeking benefits way back in the week ending Oct. 2, 1982.
But that didn't stop the Dow Jones Industrial Average from soaring 1,351.62 points, or 6.38%, to 22,552.17 yesterday.
Is that crazy? No and yes. When you put this rally in context, it looks one way. But, we cannot forget what's coming for us.
When you put this rally in context, it looks one way. But we cannot forget what's coming for us...
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The Fed's been taking some desperate measures lately in these desperate times.
But markets haven't fully priced in their rescue and recovery programs for what they really are, which is an admission that "this time is different" and it's too late to stop what's going to happen next.
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If you think the Fed's going to fire hundreds of billions or trillions of dollars of "stimulus" rounds at the coronavirus crisis and pierce its grip on mankind, on the market, and on the economy, you're wrong.
This is an existential threat to humans, markets, and economies, which the Fed's ammo can't kill – but it sure can make it worse.
Here's what the Fed's doing, what it's going to do, why it won't work, how you'll know it's not working, and how it's going to make everything worse…
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Don't believe anyone who tries to tell you that "demand destruction" resulting from the impact of the novel coronavirus across U.S. and world economies isn't going to result in a global recession.
They don't know the facts.
In fact, President Trump recently declared a state of emergency and as the virus spreads to all 50 states in America and infection rates around the world increase, demand in the U.S. and globally isn't just going to decline, it's going to be destroyed.
If the coronavirus isn't corralled and eradicated in the next three months, the U.S. and world economies are headed for recession, according to economists.
And if the virus isn't contained and killed off and infection rates haven't leveled off in six months, depression becomes a possibility.
There are two separate demand effects to consider...
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