Peter Schiff says it's game over as this time around everyone will have to be bailed out:
"In 2008 we bailed out the banks and GSE's, as they owned the mortgages. Today it's not just mortgage debtors who can't pay, it's all debtors. It's not just banks that need to be bailed out, but every leveraged business in every industry. Who is left to do the bailing? Game over!"
Hedge fund wizard: writing market magic in stealth mode, because even financial superheroes need a secret identity.
Blog Archive
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2020
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March
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- Jim Rogers: How Life Has Changed In Coronavirus Times
- Coronavirus: The US Was Not Prepared
- Ray Dalio Insights (Part I)
- Stock Market’s Gain Under Trump Vanishes
- Social Distancing
- The Coronavirus Crisis Will Be Fatal
- Corona Crisis: Many Companies Will Need Bailouts
- The Worst Financial Crisis Of Our Lifetimes
- This Crisis Is Economic, Not Merely Financial
- Everyone Will Have To Be Bailed Out
- Corona Virus: China Has Done a Great Job!
- Stock Market: Panic Is Misplaced
- The U.S. Stock Market Will Rally Back To New Highs
- Interest Rates Will Go Even Lower
- Markets Are Going To Be OK For a While
- Market Sell-Off: What To Buy
- The Reason Why Gold Sold Off
- Corona Virus: Interest Rates, Money Printing
- How To Navigate This Sell-Off
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March
(19)