Coronavirus Is Not The Cause Of Stock Market Turmoil

“The coronavirus could be the proverbial Black Swan event. No one saw that coming. We’ve seen everything else [up to this point] that’s coming. The Fed saw something coming in September and it wasn’t coronavirus.”

All it took was a 10% sell-off in the S&P 500. On Tuesday the Federal Reserve cut its benchmark interest rate by 50 basis points to a target range between 1% and 1.25% over fears the coronavirus will have a negative impact on the U.S. economy. I am confident that the rate cut was targeting the stock market because that’s all the Fed, the White House and Wall Street have as “evidence” the economy is fine. The bond market is suggesting otherwise, the yield curve has compressed to record low yields.

David Stockman perfectly describes the scenario facing the country: “The coronavirus is now exposing a far more deadly disease: Namely, the poisonous brew of easy money, cheap debt, sweeping financialization and unbridled speculation that has been injected into the American economy by the Fed and Washington politicians.” (LINK)

Chris Marcus of Arcadia Economics and I discuss the market forces causing the stock and bond market chaos of the last few weeks:

4 thoughts on “Coronavirus Is Not The Cause Of Stock Market Turmoil

  1. “Orwellian lipstick” & “Women burning the bras in the 70’s” oh my god that was so funny you made me laugh so hard, everyone else I am sure is panicking because stocks are falling worldwide im not in stocks for years but in metals and they will rise, I can sleep easy and laugh about the pod casts. Been watching you for years my daily pick me up when the bankers slam down the metals again.

    Look after yourself Dave keep up the good work mate you are appreciated more then you realise you bring happiness to many around the world.

  2. A new way to game the gold market?
    COMEX/LBMA and EFPs.
    Craig Hemke at Sprott 3/10/2020
    “There are 32,150 troy ounces in a metric ton. Thus the total amount of “gold” allegedly shifted away from COMEX contracts and “exchanged for physical” over just the past seven days is 390.55 METRIC TONNES.
    . . .
    THE LBMA/COMEX DIGITAL DERIVATIVE AND FRACTIONAL RESERVE PRICING SCHEME IS ONE OF THE GREATEST SCAMS EVER INVENTED. ONE DAY SOON, IT WILL ALL BLOW UP IN SPECTACULAR FASHION AND THE GLOBAL MONETARY SYSTEM WILL NEVER BE THE SAME. INDIVIDUALS MUST BE AWARE OF THIS AND USE THIS TIME TO ACCUMULATE PHYSICAL METAL…AND THIS METAL MUST BE IMMEDIATELY DELIVERED TO A TRUSTED VAULTING COMPANY OR YOUR PERSONAL SAFE. DO NOT, UNDER ANY CIRCUMSTANCES, ALLOW THE BULLION BANKS—THE PURVEYORS OF THIS FRAUD—TO DICTATE THE TERMS OF YOUR PHYSICAL METAL HOLDINGS.”
    https://www.sprottmoney.com/Blog/comex-gold-efp-use-surges.html

  3. If Hank Paulson were still Secretary of the Treasury, he’d be saying that the cause of the market crash was because the “Chinese sneezed too much.”, and the MSM would plaster that headline everywhere. And worse…your average American would buy it.

    What’s next will probably mirror the panic that we saw before the whole Y2K scare (around the Dot Com bubble collapse; coincidence?), but much bigger in scale. If I’m right, then be prepared to deal with a lot of craziness in the coming months, both financially and socially.

    https://www.youtube.com/watch?v=ddzbxJasID4

    Thank you Dave for doing such exellent analysis. May God bless you and all who share wisdom instead of fear, especially in the years to come.

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