Formula for Disaster

 

Emma Walsh

May 24, 2020

 

We have passed the point of no return… Right now, only half of all Americans are working… Entire industry sectors have been decimated… Retail sales figures for April, for example, show the biggest drop in 70 years.

But the only plan in town is to crank up the printing presses and print up more and more fake money to “stimulate” the economy back to “normal.”

And yet, in the middle of the worst economic crisis in at least 90 years, speculators are bidding up stocks to levels normally only seen at the top of a boom.

As Bill says, “This is a formula for disaster. You’d have to have a Ph.D. in economics not to see it.”

Regards,
Emma Walsh
Managing Editor, Bill Bonner’s Diary

 


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