The Coronavirus Is The Pin Popping The 'Everything Bubble'

Mar. 10, 2020 3:58 AM ETSPY, QQQ, TLT, VOO, DIA, IWM, TBT, TQQQ, IVV, SH, IEF, SHY, SDS, TZA, TNA, SQQQ, VT, SSO, SPXL, UPRO, SPXU, IEI, RSP, SPXS, EDV, VFINX, TMV, UDOW, PSQ, QLD, TMF, SCHX, QID, VGLT, GSY, SDOW, TBF, SHV, DOG, DDM, DXD, BIL, ACWI, VV, VGSH, UWM, VGIT, RWM, TWM, URTY, ZROZ, GLQ, TTT, VTWO, EPS, SCHO, GOVT, SRTY, TLH, PST, SCHR, QQQE, DTEC, QQEW, PLW, DTYS, UBT, UST, TYD, TYO, VUSTX, GBIL, FEX, SPUU, ILCB, DLBS, TBX, AIIQ, SPLX, EEH, SPDN, DGT, EQL, IWL, SPXT, TAPR, RISE, DTUS, QQXT, EGF, SPXE, TYBS, DFVS, HUSV, DTYL, FIHD, DTUL, DFVL, FIBR, SPXV, GLOF, UDPIX, JHML, OTPIX, SPXN, HYDD, SYE, RYARX, DIVI, ESGF, TUZ, USPX, HDMV, WBIL, SCAP, TYNS, ESGW, RGLB, RWIU, VWID, SMLL, RYRSX, BNDX, BWX, GIM, IGOV19 Comments

Chris Martenson

3.39K Followers

Summary

The economic damage being wrought worldwide by the coronavirus is the black swan the system never saw coming.
Bankruptcies are set to ripple across industries like wildfire. Mass layoffs will return with a vengeance.
For certain industries - like travel, hospitality, and the shale oil drillers - this will be an extinction-level event for many players.

This will be an extinction-level event for many players.

For years, Peak Prosperity has been raising a loud warning of the 'Everything Bubble' that the world's central banks have blown in global asset prices.

Over that time, we've debated with hundreds of economic experts on what will be the trigger to "pop" this mania.

Well, now we're finding out.

The economic damage being wrought worldwide by the coronavirus is the black swan the system never saw coming. Trade is being strangled, and the necessary productivity needed to support that massive increase in global debt that has been taken on over the past decade is just not there.

Bankruptcies are set to ripple across industries like wildfire. Mass layoffs will return with a vengeance. For certain industries - like travel, hospitality, and the shale oil drillers - this will be an extinction-level event for many players.

As ugly as the swift -19% drop in markets from February's highs has been, this is just the start of the reckoning, folks.

To give you a clear understanding of what to expect during the bursting of the largest asset bubble in world history, Chris rushed to record this interview with John Rubino, author of The Money Bubble:

For those wondering what practical steps to take with their money as the Everything Bubble bursts: while Chris and John were recording, I was busy interviewing the lead partners from New Harbor Financial, Peak Prosperity's endorsed financial advisor.

In the short video below, they offer their seasoned take on the current market action, what they see as most likely to happen from here, and what they recommend investors consider now:

Original post

Editor's Note: The summary bullets for this article were chosen by Seeking Alpha editors.

This article was written by

Chris Martenson

3.39K Followers

Dr. Chris Martenson is an independent economist and author of a popular website, ChrisMartenson.com. His Crash Course video series explores the intertwining significance of the “three E’s”—the economy, energy, and environment and offers articulate, dynamic insight into the workings of our monetary system. Chris earned a PhD in neurotoxicology from Duke University, and an MBA from Cornell University. His background as an educator helps him animate complex material with wisdom and humor. A fellow of the Post Carbon Institute, Chris’s work has appeared on PBS and been cited by the Washington Post. He is a contributor to the Huffington Post and FinancialSense.com. Chris is an accomplished presenter who has offered the Crash Course seminar all over the United States. The online course has been translated into several languages, and been viewed nearly a million times. His website offers ongoing commentary and rigorously factual analysis into financial and energy-related issues and events as they unfold.

Summary

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