It wasn't fine before the crisis. We didn't have a solid economy. We had a bubble. That's the problem. And the bubble has been pricked. There is no way to go back to where we were. It's like trying to unscramble an egg. It can't be done.
Apr 2, 2020
Record Initial Claims
Another 6.648 million Americans filed for unemployment last week, shattering the record set the prior week. With generous new benefits for losing one's jobs, and powerful incentive (likely to be extended) to remain unemployed, don't expect people to return to work any time soon.
Mar 31, 2020
Gold Isn't A Fear Trade
The media coverage, what little there is, of why people are buying gold, is wrong. Gold isn't a fear trade, or a hedge against the stock market. It's the best way for savers to protect their purchasing power when central banks are intent on destroying it by printing paper money.
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