On Friday morning, around the time of the dismal payrolls report which was not only the first negative print in a decade ending the longest streak of positive jobs reports in history, but was 7x worse than consensus, as sellside desks scrambled to update their daily apocalyptic GDP forecasts, Morgan Stanley did two things: it released a Q2 GDP forecast of -38%, the most depressionary of […]
Crash
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Sunday, April 05, 2020 by: Mike Adams Tags: bailout money, banks, Collapse, coronavirus, crash, economy, finance, insanity, pandemic, risk (Natural News) After the coronavirus collapse, CNBC promises there will be a “V-shaped” recovery. (A quick rebound.) Less delusional people […]
Authored by Wendy McElroy via The Future of Freedom Foundation, “If a government wishes to alleviate, rather than aggravate, a depression, its only valid course is laissez-faire—to leave the economy alone. Only if there is no interference, direct or threatened, with prices, wage rates and business liquidation, will the necessary adjustment proceed with smooth dispatch.” -Murray Rothbard, America’s Great Depression The economic disruption caused by the government’s […]