Loading ...The Dow into the Week’s Closing
World stock markets were under pressure because the economic numbers are showing the worst possible recession in human history thanks to what is clearly not just an unprecedented lockdown, but one that has no foundation in law. This was added to by Bill Gates’ personal propaganda machine the World Health Organization which now forecast that the coronavirus may never go, implying we need Bill Gates to save the world. Trump has played into the propaganda having little choice saying he will have the military summoned to be able to give vaccines by year-end. My sources say he is playing to the virus nonsense for he has no choice, but he has no intention of making anything mandatory.
This is all combined with the realization that central banks may have hit the bottom with interest rates and really can do nothing to reverse the damage that has been done to the world economy. The head of the Federal Reserve had killed talk of U.S. interest rates going negative to kickstart investment and new outbreaks of the virus. The Fed is not stupid and sees how negative interest rates have wiped out the Europen bond market and trapped the ECB.
The economy will NOT come back no matter what the BS propaganda will be. The structural damage is really profound. Even $3 trillion of giveaways will not create inflation. That is like you lost $1,000 and I offer you $50 to buy food.
As we head into the close of this week watch 23645. A closing below that today will leave the market in a vulnerable position for next week.