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Tag Archives: News

The Coronavirus Is Swiftly Breaching Defenses Across The World

Things are now starting to get fast and furious. Outside of China, covid-19 is swiftly breaching defense lines all over the world. Italy is suddenly in big trouble — with the military being called in to enforce city quarantines.  Iran, South Korea & Japan similarly find themselves overwhelmed as new cases continue to spread unabated. And there are many other countries (including the US) whose low reported numbers just don’t appear believable at this point. We may soon find out that...

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When Will We Admit Covid-19 Is Unstoppable and Global Depression Is Inevitable?

Given the exquisite precariousness of the global financial system and economy, hopes for a brief and mild downturn are wildly unrealistic. If we asked a panel of epidemiologists to imagine a virus optimized for rapid spread globally and high lethality, they’d likely include these characteristics: 1. Highly contagious, with an R0 of 3 or higher. 2. A novel virus, so there’s no immunity via previous exposure. 3. Those carrying the pathogen can infect others while asymptomatic, i.e. having no...

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Coronavirus Cases Doubling Overnight In Many Countries

Boy this is not good… Covid-19 cases are leaping higher in disparate countries around the globe — doubling overnight in South Korea, Italy and Iran. New research continues to clarifying how *extremely* contagious this virus is (as the rash of worldwide infections confirms). It increasingly looks like the only hope countries have of containing covid-19 is to use the draconian mass quarantine efforts that China is enforcing on its populace. Don’t assume that can’t happen where you live. It...

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Investors Are Piling Into Safe Havens on Coronavirus Fears

U.S. factories rebounded strongly in February, suggesting the manufacturing recession may finally be behind us after the industry contracted for six straight months. The Philadelphia Fed Manufacturing Index jumped an incredible 20 points to 36.7, its highest reading since May 2017, while New York’s Empire State Manufacturing Survey rose more than eight points to 12.9, a nine-month high. We won’t get the Institute for Supply Management’s (ISM) U.S. manufacturing purchasing manager’s index...

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REPLAY VIDEO: Coronavirus Q&A Webinar #2

Here’s the replay video of Friday’s “Ask Anything” Coronavirus Q&A webinar #2. Why is this restricted to Peak Prosperity’s premium subscribers? Two main reasons: One — we expect a number of our answers to be our ‘best guesses’ given the incomplete data available. We don’t feel it appropriate to put that kind of speculation out into the public domain. And Two — one of the many benefits of premium membership is closer access to the experts on this site. If you’re not yet a premium member...

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It’s Easy to Believe AOC Has an Economics Degree

By: Ryan McMaken It has become something of a tradition in the free-market corners of social media to express shock and dismay over the possibility that New York Congresswoman Alexandria Ocasio-Cortez (AOC) — an avowed “democratic socialist” — has an economics degree from Boston University. This is how it works: AOC makes a statement that is notably anti-market, pro-socialist, or generally clueless about general concepts from the field of economics. Her critics then post responses...

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The Coronavirus Pandemic Is Accelerating Worldwide

Outside of the lockdown within China, covid-19 cases are accelerating across the globe. The virus has truly jumped the defense line. It’s now a true pandemic, with countries all over the world reporting huge percent increases in the number of infected cases. We already know it has reached epidemic status in Japan and South Korea. But overnight, new cases have been declared by the US, Italy, Iran, Lebanon, the UAE and Israel, among others. And within China, reports of patient “re-infection”...

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Gold Rallies As Fear Takes Center Stage

Gold has rallied extensively from the lows near $1560 over the past 2 weeks.  At first, this rally didn’t catch too much attention with traders, but now the rally has reached new highs above $1613 and may attempt a move above $1750 as metals continue to reflect the fear in the global markets. We’ve been warning our friends and followers of the real potential in precious metals for many months – actually since early 2018.  Our predictive modeling system suggests Gold will rally above $1650...

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When Bubbles Pop, Only the First Sellers Escape Being Bagholders

Hapless bagholders have two options: buy the dip and be destroyed, or hang on hoping for a reversal and be destroyed. One often overlooked characteristic of the current stock market bubble is the extremely small exit for sellers trying to avoid becoming hapless bagholders. Bubbles always present small exits because once sentiment turns, buyers vanish and so price goes over the waterfall and crashes on the rocks below (accompanied by the screams of all the punters who reckoned they’d exit at...

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