by Steve St. Angelo
The global meltdown will turn into an economic depression in which few are prepared. The mainstream financial media focuses on the highly inflated stock rally and safety in the bond market, while the underlying fundamentals of the economy continue to disintegrate. However, “Earnings Season” is getting ready to start… so watch for fireworks to begin shortly.
Even though the Fed and central banks can prop up the stock market and financial assets, they stop the coming gauntlet of LOUSY EARNINGS DATA. How can the Dow Jones Index be trading at 24,000 while the main driver of the economy, “The Oil Industry,” is being destroyed in rapid order? With the U.S. oil price closing in the $12 range, negative oil prices are once again around the corner.
In my newest video, GLOBAL MELTDOWN: Major Impact On Silver Investment & Market, I discuss the deteriorating economic indicators and how they will be negative for silver supply and positive for silver investment.