Tag Archives: markets

Small/medium-sized enterprises (SMEs) like your local restaurant, dry cleaner, bookstore and building contractor are being hit especially hard by the coronavirus, as they don’t have the reserves to withstand the many weeks of no income the lockdown is placing them under. Many of them have already laid off their employees. Many may never reopen.

The jaw-dropping severity of this job carnage can already be seen in last week’s unemployment numbers. Claims spiked up to 3.3 million — nearly 6x higher(!) than the worst week of the Great Financial Crisis.

So what impact will this all have? What will the rest of 2020 be like?

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After last week’s continued meltdown, stocks rebounded sharply earlier this week, with Tuesday’s gains setting an all-time one-day record for both point and percentage gain.

Questions we’re now hearing from PP.com readers over the past few days include:

• Given the announced QE and $2 trillion stimulus package, is the bottom now in?
• With the news that physical supply of gold is “running out”, what does that mean for gold & silver prices? For the mining stocks?
• What steps should investors like me be taking now?

To answer these questions, I just recorded another brief interview with the lead partners at New Harbor Financial, the financial advisor Peak Prosperity endorses.

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The financial markets have continued falling this week, making this recent crash the fastest plunge into a bear market in history.

To answer the many questions we’ve been receiving from PP.com readers this week, I just recorded another brief interview with the lead partners at New Harbor Financial, the financial advisor Peak Prosperity endorses.

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What a week! Covid-19 has been shutting down businesses, schools, sporting events, etc across the world AT THE SAME TIME AS the mother of all market meltdowns is in process. Since Monday, Chris and I have produced nine (9) full-length videos in our efforts to stay on top of all the fast-evolving action for you….

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Given the extraordinary and historic meltdown underway in the markets, we’ve just recorded interviews with two of the most prominent financial experts we know — John Hussman and Steen Jakobsen — to make sense of what’s happening, and what’s most likely to come next.

The two free videos below are a “double header” of arguably the best and freshest insight on what’s driving this week’s market sell-off and what concerned investors should be paying most attention to at this point.

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Coronavirus concerns have triggered the second fastest market plunge into a bear market in history.

We here at Peak Prosperity have long warned about the risk of such a “Sell Everything!” event (see here, and here, and here, and here, and here, and…) and have encouraged prudent investors to position their financial portfolios for safety in advance of such a sell-off.

Which is why we’ve often interviewed the professionals at New Harbor Financial, Peak Prosperity’s endorsed financial advisor. We’ve wanted to highlight to folks like you that there are proven strategies for reducing your exposure to sharp sell-offs, and inspire folks to take steps to protect their wealth in advance of the next one happening.

Here’s why this is so important.

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For years, Peak Prosperity has been raising a loud warning of the ‘Everything Bubble’ that the world’s central banks have blown in global asset prices.

Over that time, we’ve debated with hundreds of economic experts on what will be the trigger to “pop” this mania.

Well, now we’re finding out.

Bankruptcies are set to ripple across industries like wildfire. Mass layoffs will return with a vengeance. For certain industries — like travel, hospitality, and the shale oil drillers — this will be an extinction-level event for many players.

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