Mao Zedong was, by all assessments, not the nicest fellow. In 1964, he first published “Quotations from Chairman Mao,” which came to be known to all and sundry as “Mao’s Little Red Book.”
Panic ensued this week as global stock markets finally reacted to the widening spread of COVID-19.
Gold has been a safe haven for literally thousands of years. But how effective is it as a “hedge”?
I first began to predict a major economic collapse back in 1999. Although I understood that it was at least fifteen years off and possibly more, I believed that it would be wise to begin to prepare for it then, as the actual date of collapse could not be predicted. (Better to be a few years early than even one day too late.)
COVID-19 continues to be the primary issue that is triggering extensive market volatility across the world. Every headline out of China seemingly sends equity markets immediately higher or lower, depending on analyst and algorithmic interpretation of how the news pertains to the spread of COVID-19 and its impact on the global economy.
The coronavirus was once again the top news story of the week as it continued to make its way around the globe. Globally, officials are becoming more and more distrustful of the data that is coming out of China over the number of confirmed cases and the number of deaths caused by the new disease.
World diplomacy is, at present, on rather shaky ground.
Throughout history, whenever major economies are approaching a state of crisis, heads of state typically become chronically irritable.
The continued spread of the novel coronavirus outside of China was the top concern for most news outlets this week. The friction between President Trump and the House of Representatives continued to escalate this week, even as his impeachment Trial in the Senate came to its conclusion.