by Steve St. Angelo
While the world has entered into a financial crisis, the worst is still yet to come. When the global contagion continues to spread, the crisis will turn into a FINANCIAL STORM, in which few are prepared. Unfortunately, the analysts on CNBC and Bloomberg continue to provide incorrect forecasts because they are looking at the markets in a linear fashion. What lies DEAD ahead is a collapse and disintegration of a way of life that won’t return as it was in December 2019.
Thus, it is important to understand that “Business, as Usual” is over for good. With the United States on lockdown for at least another month, the situation in the financial system and economy will continue to deteriorate. It won’t matter how much the Fed and central banks prop up the markets, because the Fundamental Economy has suffered a massive heart attack.