Wed, 29 April 2020
As editorial director at the American Institute of Economic Research, Jeff has been writing about the authoritarian response of the government to the Covid 19 crisis. He warned that the lockdowns were coming and he was totally correct. Now he believes that the backlash has begun. People are opening their businesses and resuming their lives without the blessing government. The political backlash is going to be even worse. Anyone who had any role in the lockdown is going to thrown out of office. Good riddance and thank you Jeff for sounding the alarm on these tyrants. |
Wed, 29 April 2020
There are decades where nothing happens and there are weeks when decades happen. -Vladimir Lennin. Everything Gordon and I have been talking about has come to fruition. The size and magnitude of the problem has been grossly understated. Oil companies, state and local government debt. Globally it’s even worse. 50-60 percent of S&P profits are coming out of the global economy. The forward PE is 20, higher than at the peak. Other than the US markets, everyone else’s are imploding. What we’ve seen in terms of monetary and fiscal policy is unprecedented. We’re attempting to bailout the world and it won’t end well. In the next stage we will lose confidence in the government and the currency. You can always count on politicians to print money and then getting it into the right hands. The PPP was a complete scam. The rats are deserting the ship. |
