Will The Economic Collapse Begin Q2 2020? Worthless Stocks Surge, and More Mass Layoffs! (Video)
Will The Economic Collapse Begin Q2 2020? Worthless Stocks Surge, and More Mass Layoffs! Video for Silver Report
First, we look at the negative value fund and the fact that is has been surging. Now, this fund measures the stocks with negative tangible book value. Meaning the company realistically cannot pay its debts. Before the great recession, and historically this has remained around 10%-15% we are currently at 40% of publically trading companies have negative book value. Also, we ask the question is the economic collapse about to begin Q2 2020.
The reason why is that during the run up to 2000 the Fed undertook some massive repurchase agreements on a grand scale and the result was a run up in the NASDAQ. Interesting fact the NASDAQ took the day the repo operations began in 1999 and the week they ended their repo operations the NASDAQ gave up 25% of its value. The fed’s current massive repo operations are set to end in Q2 2020. interesting timing. Also, we cover more mass layoffs at US steel in MI and Mack trucks in PA.