Economy-crushing inventory cycles are nothing new.
Net inflows were forecast to turn negative next year even without the pandemic, and the U.S. Treasury may have to step in.
The economic outlook is not unlike the Great Depression years, and that didn’t turn out well for equities.
Many are still far from recognizing and adapting to the new reality.
They complain about being stuck renting, but history shows that makes more sense than owning.
Falling interest rates are likely to deter spending and boost savings rates, further weighing on growth.
Current bond yields foretell economic weakness that will dramatically slash corporate earnings.
The way payroll growth has been trending, the economy may be on the cusp of a recession, if not already in one.
It’s the government equivalent of a private sector firm raising prices when its products are already overpriced.
History shows that equities normally drop about 21 percent when the economy contracts.