by Kerry Lutz, Financial Survival Network:

Martin Armstrong says the current situation is similar to the height of Yellow Journalism, which brought on the Spanish American War. Less than 8,000 people worldwide who have died and of course those the numbers will go up. Only 200k people worldwide have the actual virus. Over 600k die annually from the flu, 500k in the US from smoking every year. And we’re shutting down the world. The economic damage will be profound. The bulk of the economy is small business and they’re not getting any bailout. Many of them will be pushed over the edge. Flu season takes place during cold weather, not warm. There’s empty hospital beds now in China and South Korea. The real question is will it reoccur next winter.

What about the damage to the stock market? Martin’s model shows the decline starting in January 2020. This crash will be a combination of 2008 and 1998. This is what a liquidity crisis looks like. Same with the repo crisis, banks won’t lend to other banks. Europe is refusing to do any bailouts. This isn’t QE, it’s providing liquidity to a market that no one else will lend to.

What about the damage to the stock market? Martin’s model shows the decline starting in January 2020. This crash will be a combination of 2008 and 1998. This is what a liquidity crisis looks like. Same with the repo crisis, banks won’t lend to other banks. Europe is refusing to do any bailouts. This isn’t QE, it’s providing liquidity to a market that no one else will lend to.

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