Showing posts with label people - Belkin; Michael. Show all posts
Showing posts with label people - Belkin; Michael. Show all posts

Apr 27, 2020

Michael Belkin compares the Black Death to the coronavirus

In the 14th century when the Black Death swept over Europe, a strange cult emerged: The Flagellants. They blamed themselves for the plague and sought forgiveness for their sins by whipping themselves in public displays of penance. They also blamed Jews, who they massacred.

Flagellants have been resurrected in the 21st century in the form of epidemiologists and politicians who have shut down the global economy, put 26 million Americans out of work and bankrupted entire industries in the name of preventing an epidemic which is hardly worse than a bad flu season. Modern-day Flagellants are just as crazy as were the 14th century version.

~ Michael Belkin, Belkin Report, April 27, 2020

Flagellants | medieval religious sects | Britannica

Aug 10, 2014

Michael Belkin on the speculative bubble

I don't think people are really contemplating what they're doing in the stock market.  I do a Google Trends word search, tells you the number of times people look for a term.  And when you do that on the term "speculative bubble" it doesn't even register in July - zero.  Hardly anything in the headlines of news stories.  So nobody's even thinking... they're not calling this - which I consider to be the biggest speculative bubble of my career - beyond 2000, beyond 2007.  This is the everything bubble: junk bonds, stocks, tech stocks, you name it.  Everybody is in here for one reason and one reason only: because interest rates are low.  That's the definition of a speculative bubble.  It's created by phony interest rates.

~ Michael Belkin, August 9, 2014, interview with Eric King on King World News