Posts Categorized: In The News

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Bill Holter’s Commentary

A Friday dose of Erik for you.

The United States Has No Leg To Stand On (On Ethics)_001

The United States Has No Leg To Stand On (On Ethics)_002

Bill Holter’s Commentary

Do you understand what this means? Please read this thoroughly twice and then sit down with your favorite adult beverage to ponder the ramifications…GOT GOLD?

Goldman Spots A Huge Problem For The Fed
May 15, 2020

Last week, the Treasury shocked the world when it announced that in the current quarter (the 3rd of the fiscal year), the US will need to sell a mindblowing, record $3 trillion (pardon, $2.999 trillion) in Treasurys to finance the US money helicopter.

Treasury issuance 5.4.2020_1

This, after selling $807 billion in the first half of the fiscal year, and another $677 billion in the quarter ending Sept 30.

And since it is just a matter of time before Congress has to pass yet another fiscal package which will be at least another trillion dollars, and up to $3 trillion if the Democrats get their wish, one can say that Guggenheim’s projection of over $5 trillion in debt issuance this calendar year will be wildly conservative.

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Bill Holter’s Commentary

We need more bailouts? Really? For those of you who believe “life” will ever return to what was considered normal…Do you understand what this chart has already told you?

image

Powell Warns Of A Possible Sustained Recession From Pandemic
May 13, 2020

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell warned Wednesday of the threat of a prolonged recession resulting from the viral outbreak and urged Congress and the White House to act further to prevent long-lasting economic damage.

The Fed and Congress have taken far-reaching steps to try to counter what is likely to be a severe downturn resulting from the widespread shutdown of the U.S. economy. But Powell cautioned that numerous bankruptcies among small businesses and extended unemployment for many people remain a serious risk.

“We ought to do what we can to avoid these outcomes,” Powell said.

Additional rescue aid from government spending or tax policies, though costly, would be “worth it if it helps avoid long-term economic damage and leaves us with a stronger recovery,” he said.

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Bill Holter’s Commentary

We would ask, if you sold your gold then what currency exactly would you sell your gold for?

The Markets Always Win Out (On Economics)_001

The Markets Always Win Out (On Economics)_002

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Bill Holter’s Commentary

Erik on politics. I try to stay away from this topic as much as possible because no matter what you think or say…SOMEONE will be pissed off.

The Conflicted Presidency of Donald Trump_001

The Conflicted Presidency of Donald Trump_002

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Bill Holter’s Commentary

All my friends and relatives tell me (I’m an idiot again) not to worry as everything will be normal again in 3 weeks when everything reopens…sorry, but what was considered normal 2 months ago will never return in my lifetime.

Total Loss Of Confidence: The Mega-Collapse Continues
May 4, 2020

There is no question that things are tough all over as the mega-collapse continues.

Things Are Tough All Over

May 4 (King World News) – Chris Williamson, Chief Business Economist at IHS Markit: Manufacturing output in Italy declined at an unprecedented pace as the COVID-19 lockdown continued. The PMI dropped to an all-time low of 31.1 in April (down from 40.3 in March), with new orders also falling at the quickest rate on record. (See below).

Italian Collapse Breaking Records

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Bill Holter’s Commentary

Erik discusses the banking system. You might want a stiff drink before reading…but he tells the truth.

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