Silver Report Uncut
Mar 10, 2020
This stock market crash is breaking records. We have a ton of milestones but the bigger story is Italy as the entire country is now shut down. Initially, it began with northern Italy but has now been widened to include the whole country. The entire Bloc has struggled with unmanageable debt for a decade and it seems like some of the most essential economies may be coming to a halt. Global stock markets continue their crash as Oil has collapsed further despite promises of some large announcements today about supporting the economy with economic stimulus. I do expect a temporary relief rally but nothing more. There is a breed of investors who still think this is just a scheme and nothing is really happening. A priest in DC also is said to have served communion to 500 congregants at a catholic service in the DC area while sick. With oil demand set to plunge further once everyone is inside their homes, I don't see much light at the end of the tunnel.
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