by Stewart Thomson
1. “He will lose the election, that’s for sure…Ford lost to Carter after the 1973 oil shock, Carter lost to Reagan due to the second oil crisis in 1979, and Bush lost to Clinton after the Kuwait invasion. The Democratic field is poor, but Trump is dead.” – Legendary economist Nouriel Roubini, March 2, 2020.
2. Corona is the kind of crisis that Roubini is referring to, a crisis that destroys a presidency. Please click here now. As America’s debt clock spins out of control, Trump calls for more rate cuts, to enable even more debt.
3. It’s a vicious cycle; a problem created by debt is “solved” by enabling even more debt. To manage the situation, all investors should own some gold.
4. Corona threatens to maul Trump’s stock market “poster boy” and destroy his legacy, but the stock market moves mainly in relation to actions from the Fed.