Are You Ready for the Great Depression of the 2020s?
"The “Everything Bubble” lasted far longer than it should have, but now that it has burst the pain is going to be absolutely immense."
"The “Everything Bubble” lasted far longer than it should have, but now that it has burst the pain is going to be absolutely immense."
"Pricey shut-ins or even bankruptcies could now be cheaper for some operators, instead of paying tens of dollars to get rid of what they produce."
"The DJIA briefly slumped to 19.4% of February 2020 high as fears of the impact of the coronavirus pandemic grow."
"The 10 year UST yield has dropped from ~1.6% to ~0.8% in just 12 trading sessions."
"The Achilles’ heel of the U.S. empire is the debt."
And although the broad commodity market finished up 17.6% on the year, the performances of individual commodities were all over the map. For those familiar with the sector, that’s pretty much par for the course.