It’s contagion all over the place already. So many are asking if the wipeout of two banks, including the nation’s 16th-largest, is a sign of contagion that the worries have caused US Treasurer Janet Yellen to assure the nation again and again that the banks are more solid than ever and that the Treasury …
CONTAGION: Terrorist Fed Wipes out Banks as Cryptocollapse Flushes through the System
Posted March 12, 2023 By David HaggithPanic in the STREET: One Bank Crashes, A Bigger One RUNS for its life then crashes, and Suddenly it’s Panic on Wall Street!
Posted March 10, 2023 By David HaggithJust when you have figured out what you’re going to write about at the start of day, along comes major morning news that sweeps your plans away. Today, the news changed more quickly than I could write the introduction to this article. I had to rewrite it and the headline several times after I published the article!
Real-Estate Bust 2.0: The Commercial Real-Estate Tsunami Has Arrived
Posted March 7, 2023 By David HaggithAs we’ve all heard many times, history never repeats exactly. This time around, commercial real-estate is where all the naked swimmers are showing up, and the big reveal has arrived almost overnight like a tsunami, sucking all the water out of the bay. carrying more than a few swimmers out with it.
- 820yue
- 2qa0hf
The Balloons Are All Falling: What Some of the Great Voices Predict for 2023 and Beyond
Posted March 2, 2023 By David HaggithNot all these voices are “great” as in “wise,” but some are that, too. What follows are some of the words from a couple of big economic thinkers who have predicted big crashes in the past and one major establishment voice who, all of last year, has been contradicting the predictions of his big colleagues.
Market Morons Finally Forced to Face Reality
Posted February 28, 2023 By David HaggithInvestors have been slower than a tank of turtles swimming in molasses when it comes to grasping reality, but they may be getting the message on inflation and the Fed’s fight ahead at last. That said, one should never underestimate the resolve of people to enshrine their wishes as unholy doctrines in order to continue chasing the phantasms of their greed….
The Dumbest Article on Global Warming I’ve Ever Read: The Canals of Venice are Drying Up Due to Drought!
Posted February 26, 2023 By David HaggithYes, this is for real –the existence of the story, that is, not the cause of events it describes. It was published in America’s newspaper of popular choice — USA Today — and carried in various forms by other publishers. The story is alarmingly titled, “‘Never-ending drought emergency’: Italy’s iconic Venice canals have dried up.“
Stocks Seek New Religion in Effort to Rise from their Decline, but Where’s the Beef?
Posted February 16, 2023 By David HaggithThe Wall Street prophets of profits have moved to a higher level of highs as the opiate smoke circles their brains. They have shifted their dialectic from the US economy making a “soft landing†to a new “no-landing†prediction. By this they are claiming, in all their flash-and-shine prose, that the Fed may be a miracle worker, able to keep on fighting inflation while also levitating the economy. In other words, news of higher inflation made everything a little bit better.
Of course, Inflation Wasn’t Hot at All! (It was hardly even horrible.)
Posted February 14, 2023 By David HaggithThis was one of those days where every news headline that went into The Daily Doom this morning made me say, “Of course it did!†— not in the approving kind of way, but in the way you say it as you roll your eyes because you see that, yes, the bread did land jelly-side-down […]
The Return of Inflation: It’s Back, it’s sticky, and it’s bound to get ugly!
Posted February 13, 2023 By David HaggithThe big news carried in The Daily Doom today was recession after recession and inflation after inflation. They’re both back (or “back to back”), and boy are they mad! This year’s big predictions on The Great Recession Blog appear to be lining up to start tearing things up this week as a nice little gooey Valentine’s surprise that ain’t yo’ mama’s box o’ chocolates!
While Biden Talks State of the Union, I Talk State of the Economy, and it’s Not as Good as Biden Is Going to Tell You
Posted February 7, 2023 By David HaggithOf course, Biden’s State of the Union Speech will include all kinds of bragging about the economy, as every president’s SOTU speech does. So, we’ll ignore all of that and look at the direction the economy is actually headed, using recent metrics in a rapid-fire revelation that looks like this:
The Fed Is All that Matters … Until it Doesn’t and Everyone Just Ignores it
Posted February 6, 2023 By David HaggithStock investors don’t believe Powell because the Fed lost most of its credibility in recent years by promising it could do quantitative tightening on autopilot in its long-awaited and feared balance-sheet unwind, which crashed stocks back in 2018. Next it slammed the brakes on QT in a Fed faceplant because it had also crushed bank reserves, which the Fed, more than any entity on the earth, is supposed to understand and manage.