Decline in demand for oil due to the coronavirus epidemic, further reinforced by the demise of the OPEC+ production cuts agreement, has crashed the US and world markets, sending traders into a panic-selling mode. The ongoing market turmoil will certainly hit the oil industry heavily, but the impact is likely to reach far beyond it, CEO and chief global strategist at Euro Pacific Capital Peter Schiff believes.
See Also: (Peter Schiff) – Longest bull market in history officially ends – Ep 545
Longest bull market in US history is officially over and it’s the fastest we’ve ever gone from record highs to a bear market.
The same financial anchors who said not to worry about the banks in 2008 are saying the same thing now.
Dollar gained on yesterday’s strength, but still in a downtrend. Gold prices acting very similar to 2008.
Biden can’t lost and Trump can’t win.
Kudlow saying the same nonsense he was saying as a cheerleader of the President’s economy, except now he’s actually a player in it.
Inflation, even the way the government measures it, is breaking out of its slumber.
Companies more afraid than ever of legal consequences.
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