Harry explains why the coronavirus is NOT the issue, it is the black swan that exposes the real issue of debt, and we're at a point where several difficult cycles in the markets converge.Harry Dent is a Fortune 100 consultant, new venture investor, noted speaker, bestselling author, and the founder and senior editor at Dent Research, where he dedicates himself to identifying and studying demograph...Read More

John Williams who has long been a believer in hyperinflation tells host Jay Taylor that he projects GDP to be down by 8% in Q-1 and 30% to 40% in Q-2. At the same time, unemployment will rise to levels greater than during the Great Depression. Yet he continues to project a hyperinflationary scenario.Walter J. "John" Williams has been a private consulting economist and a specialist in government ec...Read More

The price of oil hit negative numbers, a first. If you go to your local gas station will they pay you to fill your tank up. The first wave of major retail bankruptcies has started. Neiman Marcus (a/k/a needless mark-up) is expected to file shortly. The first of many. And commercial real estate is in the dumps. With bankruptcies and the shut down, no one is renting office space and companies will n...Read More

Gregory Mannarino started his career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. After realizing that working on Wall Street was not like the movies, he moved on to get a medical degree and practiced medicine as a Physician Assistant. He also served in the United States Naval Reserve Medical Service Corps, having attained the rank of Lieute...Read More

Lockdowns and stay-at-home orders mean much more time spent online. Agencies such as the Federal Trade Commission (FTC) are warning the public about scammers and deceitful ads. RT America's Rick Sanchez has the story. Read More

"Many thousands more people have died in Europe this year compared with a normal year. But deaths officially attributed to Covid-19 account for just a fraction of the increase, suggesting manyContinue...Read More

As the financialized system continues to disintegrate and we see negative commodity prices following on last year's negative interest rates, DOUBLE DOWN asks Craig Hemke of TFMetalsReport.com Continue...Read More

The lockdown has had so many ripple effects that it is just mind-numbing. Shutting down restaurants and retail stores have had already a profound impact. Many girls have been left with no choice Continue...Read More

"There's a possibility that the assault of the virus on our nation next winter will actually be even more difficult than the one we just went through." Continue...Read More

"I am just sorry that it took my colleagues in Democratic leadership 12 days to accept the inevitable, and that they shut down emergency support for Main Street in a search for partisan 'leverage' that never Continue...Read More

"Beyond traditional gold supply and demand fundamentals, financial repression is back on an extraordinary scale," Continue...Read More

Seaborne iron ore prices dropped on Tuesday April 21, following the crash in US oil prices, which fell into negative territory late on Monday evening in Singapore for the first time on record, Fastmarkets understands.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $84.37 per tonne, down $3.08 per tonne 62% Fe low-alumina fines, cfr Qingdao: $85.96 per tonne, down $3.15 per tonne58% Fe fines...Read More

And to think that all of this could have been avoided if only the Fed would purchase OIL, not the commodity but the ETN. Powell, are you listening, because if not soon every sContinue...Read More

CIS export slab prices surged in the week to Tuesday April 21 with mills managing to achieve higher levels in recent sales.Fastmarkets' weekly price assessment for steel slab, export, fob Black Sea, CIS, was $325-330 per tonne on Tuesday, up from $305-320 per tonne a week earlier.Demand for semi-finished steel products in China continued to render support to CIS slab producers. A large cargo of Ru...Read More

China's domestic rebar prices slid further on Tuesday April 21 amid futures losses sparked by an oil market crash in the United States. Eastern China (Shanghai): 3,420-3,450 yuan ($483-488) per tonne, down by 10 yuan per tonneNorthern China (Beijing): 3,430-3,450 yuan per tonne, down by 20 yuan per tonne The May futures contract for West Texas Intermediate (WTI) crude oil fell as low as minus...Read More

Steel production outside China could contract by a double-digit percentage in 2020, according to global miner BHP, but output in China may rise slightly in the same period if the country can avoid a second wave of Covid-19 infections. According to the miner, steel makers from a variety of regions, including Europe, the Americas, India and Japan, have announced or signaled full shutdowns or curtail...Read More

Steel production outside China could contract by a double-digit percentage in 2020, according to global miner BHP, but output in China may rise slightly in the same period if the country can avoid a second wave of Covid-19 infections. According to the miner, steel makers from a variety of regions, including Europe, the Americas, India and Japan, have announced or signaled full shutdowns or curtail...Read More

The lockdowns imposed due to the Covid-19 pandemic were offering automotive manufacturers a rare opportunity to take a step back and to re-evaluate their long-term strategies, the chief executive officer of Eurasian Resources Group has said.Benedikt Sobotka said that although the world is currently facing distressing times, it was also a chance to restructure supply chains and to take more decisiv...Read More

Here are five Fastmarkets stories you might have missed on Tuesday April 21 that are worth another look.The lockdowns imposed due to the Covid-19 pandemic were offering automotive manufacturers a rare opportunity to take a step back and to re-evaluate their long-term strategies, the chief executive officer of Eurasian Resources Group has said.Italian long steel producer Alfa Acciai Group has resum...Read More

A summary of base metals premiums from across the globe for the week to Tuesday April 21.Please click...Read More