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CONTAGION: US Stocks Suffer Fastest Collapse From Record Highs Since Great Depression #1815 - 6PM
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Episode #1815 - Thursday - February 27, 2020 - 6PM
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CONTAGION: US Stocks Suffer Fastest Collapse From Record Highs Since Great Depression #1815 - 6PM
The Dow has collapsed from a record high into ‘correction’ in the space of just six days. As we detailed earlier, this is the fastest collapse from an all-time peak since 1928, just ahead of The Great Depression. As Guggenheim’s Scott Minerd declared on Bloomberg TV: “…this is possibly the worst thing I have seen in my career… it’s hard to imagine a scenario in which you can contain the virus threat,” adding that “Europe and China are probably already in recession and US GDP will take a 1.5-2.0% hit.” “The stock market could be down 15-20%… and would likely force The Fed’s hand.” US Stocks Suffer Fastest Collapse From Record Highs Since Great Depression – The Pete Santilli Show

GUEST: Alex Newman is an American journalist and consultant who writes about economics, finance, banking, business, and politics for diverse publications in the United States and abroad. He studied journalism, economics and political science at the University of Florida. In addition to his own consulting firm, Alex has worked in market research, marketing, strategy, research, information gathering and consulting for international companies, non-profit organizations and various political campaigns. He is also the co-author of a book exposing some of the problems with today's public education system.

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