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Wednesday, July 15th, 2020 MST

Category: Economic Crisis

Uncharted waters

Back on March 16, a report by Imperial College London forecast 2.2 million Americans would die from the coronavirus and that 81% of the U.S. population would be infected.  Consequently, Trump and his team of experts, namely Dr. Anthony Fauci and Dr. Deborah Birx, began holding daily press conferences and quickly scared the daylights out

Hedge fund advocates buying gold

Buying the dips have made a lot of stock investors money since 2009.  And today, a lot of stock investors continue to buy the dips.  However, Paul Singer’s Elliott Management says that stocks could drop further, down to half of their February highs.  Other analysts forecast the deepest economic decline since the Great Depression.

A major recession on the horizon?

Warren Buffett is considered the most successful investor of our time.  One of the indicators that he follows is the stock market’s total valuation to GDP, which is now flashing red.  Buffett’s Berkshire Hathaway currently holds in excess of $128 billion in cash. The vertical grey lines in the chart are major recessions.  Note how

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