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...average joe's cost of living is soaring.

"I and others were mistaken early on in saying that the subprime crisis would be contained..."

The initial epicenter, China, is expected to go far more unscathed...

" The era of the US dollar’s ‘exorbitant privilege’ as the world’s primary reserve currency is coming to an end.”

...which do you choose - 'blissful ignorance' or 'unpleasant truth'?

The Fed sees no rate hikes any time soon, sees GDP rebounding sharply in 2021/2022 after a crash this year, and will continue "approximately" $120BN in QE for the foreseeable future.

Seven major plans expected to deplete assets if corona-crisis economic recovery is slow...

The global economy will contract by 4.1% in 2020, and then grow by 4.3% in 2021. This means that the corona crisis will be the deepest economic crisis since the Great Depression in the 1930s

... they printed all this money, and bought up all these bonds, and all these corporate bonds that they now own, but what if they panicked? What if now everything is fine? How does the Fed withdraw that liquidity?

The labor market, it will come as a surprise to nobody, is imploding.

“The system is bankrupt, and they are just spending the money to prevent an immediate collapse as opposed to having it collapse right now..."

February 2020 marks the end of the expansion that began in June 2009 and the beginning of a recession.

"The supposed greatest economy in US history actually was a walking sick man, made comfortable with painkillers, and looking far better than he felt - yet ultimately fragile and infirm..."

"We are going to dismantle the Minneapolis Police Department”

"I think we’re going to see an extraordinary number of large corporate bankruptcies, not just in the U.S. but across the globe."

With so many countries across the world facing difficulties, many people have yet to notice the Euro-Zone has become a place where hope goes to die...

...a bounce like the one we have seen only means that the rate of deterioration is slowing down, not that there is a recovery. All sectors remained deep in contraction...

The main driver behind 70% of US GDP just went into hibernation.

A tragically wrong public policy should be abandoned, not emulated. Sadly (and tragically), the U.S. since 2001 has been copying Japan’s approach, with a lag of a decade or so.

The current travesty of a mockery of a sham system will fragment no matter how desperate the looters, parasites and predators are to maintain their swag.