Does anyone remember way back to when new jobs came in so bad the report shocked everyone by being far below expectations? Stretch your memory because it was all of three days ago that only 106,000 new jobs were created, well below the 190,000 Dow Jones estimate, and even further below the previous month’s upwardly revised 253,000. Yet, now, they’ve exploded to half a million!
Since this is a long article packed with my predictions (and some near-predictions, so let’s say “high likelihoods”), you will probably want to read it in sections, which you’ll find cover my ongoing predictions about the following topics: To make it easier to get back to where you left off, I’ve made these targeted links […]
Prior to the COVID lockdown and well before the tanks rolled into Ukraine, I was trying to help audiences understand the nature of the evolving conflict among the superpowers. But, people didn’t feel the superpowers were in a true confrontation. They were careful to keep their confrontations out of the public eye. These confrontations happened in space, on and under the high seas, and in the realm of data. This is now becoming more visible.
![From an epocalypse of another time By Dorothea Lange, Farm Security Administration / Office of War Information / Office of Emergency Management / Resettlement Administration [Public domain], via Wikimedia Commons](https://i0.wp.com/thegreatrecession.info/blog/wp-content/uploads/MigrantMotherAndChildren-e1450681546865.jpg?fit=115%2C150&ssl=1)
The dominant theme for last year, I said way back in 2021, would be that inflation would become such a raging inferno it would force the Fed to tighten harder than anyone expected by rapidly raising interest and erasing money supply, causing stock and bond markets to both crash together (a coinciding set of events […]
December is supposed to be the month when retails sales flourish. Instead, retail sales came in way below expectations. Retailers were left with warehouses full of overstock, and this situation has been dragging on for about a year now with little sign that it is getting any better.
A sense of doom pervades the elites who are starting to arrive in Davos early for the big event. Attendance appears as though it may be less than usual. The count of private jets flying into Switzerland is said to be descending because some of the world’s top leaders have decided to avoid the poor photo optics of attending rich feasts during times of famine. Is this the death knell for globalism?
When several of the big money-driving voices in financial media and major financial institutions start saying the same thing I am, I start to wonder about myself. Or is it just becoming that obvious now? Some of the biggest names on Wall Street are now saying the stock market is delusional and is headed for a much deeper fall.
What a mess of convoluted reporting and contradictory data we have to sort through as a result of the once-in-a-lifetime economic crisis the Fed’s profligate recovery plans and our crazed Covid lockdowns and other sundry problems have heaped upon us. Very few people understand the gravity of the situation because of the twists involved in […]
Surveying just the news that started this year in The Daily Doom, things look bad for the US economy. Worse still, if you dig beneath the few rosy headlines that did greet the year in lighter tones, the bottom falls out quickly, as it does when stepping out of a high-rise window.
Russian leaders keep dying from a peculiar Russian variant of Sudden Adult Death Syndrome (SADS), known as Sudden Russian Death Syndrome. SRDS causes a critical loss of balance when high ranking Russian officials close to Putin are standing in high or dangerous places. Several deaths have been recorded in recent days alone. People who are […]
![By James Montgomery Flagg. (Cartoon by James Montgomery Flagg, via [1]) [Public domain], via Wikimedia Commons](https://i0.wp.com/thegreatrecession.info/blog/wp-content/uploads/UncleSamWithEmptyTreasury.jpg?fit=133%2C150&ssl=1)
In fiscal year 2022, federal tax receipts as a share of gross domestic product (GDP) hit a near record high of 19.6 percent. We have the highest tax revenue ever coupled with some of the largest deficits ever. If you cannot balance the budget when you have record tax collections, you never will.
Another sleigh ride today for stocks with plenty of tumult for Tesla as Zero Hedge noted: Shit’s getting real in equity-land as this morning’s selling pressure has turned into a blood-soaked sea of red with TSLA leading the plunge, down 11% [and] The S&P has erased all of the week’s gains… … and …
