The Market Has Already Collapsed. WWIII and Fake Capital Markets

The Market Has Already Collapsed. WWIII and Fake Capital Markets

Overnight, the U.S. reported the economy contracted at a record-shattering 32.9% annual rate in April-June as pandemic shutdowns expanded.

News of the deep, steep collapse came as a resurgence of outbreaks has pushed businesses in many areas to close for a second time. The government’s estimate of the second-quarter fall in the gross domestic product has no comparison since records began in 1947. The previous worst quarterly contraction — at 10%, less than a third of what was reported Thursday — occurred in 1958 during the Eisenhower administration.

Eternal capital growth is over. Capturing the consumer in a bubble of fear is all they have left. It’s pleasurable to be right but it provides little happiness.

They will NOT GO DOWN without major flagellation and disruptions. Batten down the hatches. See you on the other side. Clearwater-Trust.com

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