"Predictably, U.S. stocks plunged on Thursday as the bad news came rolling in. By the end of the trading session, the Dow Jones Industrial Average was down 969 points…"
"Stay alert; things are finally getting interesting."
"History shows that the most effective way to protect the environment is via a system of private property rights and free markets. Private property owners are better stewards of the environment than are government bureaucrats because private property owners have greater incentives to maintain the value of their property. This is why the greatest pollution in history was in the communist countries of the 20th century."
"While it may not look like much on a percentage basis, the cumulative return lost to Berkshire Shareholders over the last decade was roughly $90 Billion dollars."
If it looks like a duck, and walks like a duck, and quacks like a duck … it’s a duck.
"...global and US exports, manufacturing and freight shipments have ALL be telling us for months that a recession/depression is on the way. The export crash was not only limited to the US and China, multiple top economies including Japan and Germany have been witnessing extensive declines in manufacturing and export demand."
"The Chairman of the U.S. Fed, Jerome Powell, should understand how supply and demand works, but as a reminder, the less available something is, everything else constant, the more it is worth. Mr. Chairman, your predecessors removed $3.5 trillion of bonds from the market, what did you think would happen to bond prices and therefore yields?"
"As noted in this past weekend’s missive, the Federal Reserve has begun reducing its torrid pace of liquidity, while already weak economic growth, and potentially weaker earnings growth, is at risk from the impact of the coronavirus."
"According to Citi’s analysts led by Aakash Doshi, this kind of outperformance is merely the beginning of a bull run for the ages. The team recently published their short- and long-term forecasts, revealing that the metal has enough momentum to breach $1,700 over the next six to 12 months. However, their expectations for gold over the 12-24 month periods are even more bullish, as the team expects gold to pass its all-time high and climb to $2,000 during that time."
"While another $2-4 Trillion in QE might indeed be successful in keeping the bubble inflated for a while longer, there is a limit to the ability to continue pulling forward future consumption to stimulate economic activity. "
"Bottom line, the U.S. dollar is being targeted by other nations, and CBDCs are more ammo in their arsenal. Whether countries like China are successful remains to be seen."
"The FTSE 100, which opened at 7404 had crashed to a low of 7154 at 9.41am, and as of 10.40am had only risen marginally to 7162, representing a decline of 3.62%."
"No professional, or successful investor, every bought and held for the long-term without regard, or respect, for the risks that are undertaken. If professionals are looking at “risk,” and planning on protecting capital from mean-reverting events, then why aren’t you?"