The shelter-in-place orders and severe restrictions on travel have decimated air travel, which has dropped over 90 percent since the virus spread outside China. More than 50 percent of all U.S. planes have been grounded, and the industry is rapidly losing its financial reserves despite the government aid package of $50 billion (a.k.a. our tax...
Author: support
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VITAMIN D DEFICIENCY LINKED TO COVID-19 DEATHS
by Bennett Davis Two studies have found that in countries where people have low levels of vitamin D in their bodies, COVID virus infections tend to be more severe and more people die. The studies examined data from 20 countries. In one investigation, researchers at Northwestern University looked at details of COVID cases in ten...
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ONE-THIRD OF SMALL BUSINESSES PLAN NOT TO REOPEN
Owners of a third of small and medium-size businesses closed by the mandated economic shutdown do not expect to reopen, largely because they will not have the money to pay rent and other bills, a Facebook survey has found. Of those who do plan to reopen, 55 percent say they will not rehire their former...
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U.S. EQUITY MARKETS: NEW ABNORMAL
Today’s U.S. stock market is “maybe the second most overvalued market I’ve ever seen,” according to David Tepper, billionaire founder of the Appaloosa Management hedge fund. A number of high-flying tech stocks such as Alphabet, Amazon, and Google are “fully valued,” he added, meaning their stock is not worth more than their current prices. “There...
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NEW DAY, NEW RULES
Around the world, countries are making up new rules as they go along as they struggle to undo the financial distress and erupting social chaos caused by shutting down their economies and ordering people to stay at home. In the German city of Stuttgart, officials allowed a planned protest against shutdown restrictions to occur last...
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COVID COMEDY OF ERRORS
As Gerald Celente has stated many times, politicians are quick to wage war despite no exit strategy. The same arrogant, incompetent, and bullying mindset is obvious in the COVID-19 War the politicians launched in February, which virtually shut down economies and put hundreds of millions worldwide out of work and into social isolation, with no...
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MENTALLY ILL POLITICIANS CREATING MENTAL ILLNESS
In addition to the economic devastation caused by the global shutdown, evidence is emerging that social isolation and anxiety surrounding COVID-19 are creating major mental health issues. Devora Kestel, Director of the World Health Organization (WHO), stated on 13 May, “The isolation, the fear, the uncertainty, the economic turmoil – they all cause or could...
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INFLATE OR DIE
by Gregory Mannarino Despite a dead economy and tens of millions losing their jobs, over the last seven weeks, the stock market has gone virtually straight up, with more gains to come. The main driver is the unprecedented takeover of the global financial system by the Federal Reserve, now the new central bank of the...
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RETAIL APOCALYPSE
Further pushing commercial real estate prices sharply lower is the brick-and-mortar retail devastation, which was a trend prior to the COVID panic. The retail industry shed two million jobs in April and more than 100,000 stores are expected to go out of business over the next five years, according to an analysis by investment bank...
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