by Gary Christenson
For the week ending April 3, the DOW fell 584, gold rose $20, and silver fell $0.04.
- The Fed supercharged their “monetary firehose” and
injected hundreds of billions into the debt markets. They support the political
and financial elite. The non-elite will receive a few benefits, later, maybe,
- Unemployment claims went ballistic. Ten million
in two weeks.
- The U.S. has over 300,000 (April 4) confirmed
cases of COVID-19. One month ago, there were 159 confirmed cases. This is an
exponential rise of 28.5% every day for 30 days. At this rate we will reach
10,000,000 cases by April 19. However, the rate should decrease. Suppose it
drops to half, “only” 14% increase every day. The US will reach 10,000,000
cases by early May. Strengthen your immune system.
- The reaction to the virus has devastated
business, the economy and future expectations.
THE TALE OF TOOTHPASTE:
We all know from experience that toothpaste can be squeezed out but can’t be pushed back into the tube. It’s a one-way process. The tube and paste are materially changed after squeezing the tube.