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The Day the “Coming Doom Loop” Went Loopy

In just a single day last week, The Daily Doom ran three stories, hot in the financial headlines, from three different authors that prominently featured the term “doom loop.” I guess The Daily Doom was an aptly chosen name for the news we have today. Now, maybe that all started with Nobel Laureate Nouriel Roubini […]

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The Fed is Killing Us by Over-Tightening Due to a Broken Job Market. There is Now Solid Proof.

We can now actually see with visual metrics what it looks like when the Fed keeps pushing against a badly broken job market that keeps pushing back. Because it doesn’t understand the broken labor market, the Fed is killing us.

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Zero Hedge Pounds Pivots While Kroger Kapitalism Keeps Inflation’s Inferno Fuming

Ever since last summer Zero Hedge has been pounding the “Fed pivot” fantasy as if it is going to happen — almost as if they want to entice the stupid stock market to keep chasing the fantasy. When it became obvious the Fed was steaming ahead with its inflation battle, ZH backed off a little….

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It’s Pancaking All the Way Down, Folks!

The contagion of collapse continues. As I suggested would happen earlier this week, the crazy buyout engineered in Switzerland as one of the oldest banks on Earth collapsed has spread to equally ancient, gargantuan and zombified Deutsche Bank, and that’s just what’s happening on the surface as the whole global financial structure shook hard again today.

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The Outer Limits of Central Banking: “We Will Control the Horizontal. We Will Control the Vertical.”

Back in the distant days of black-and-white television, when you had to get up periodically in the middle of your show to turn a little knob labeled “vertical hold” or another called “horizontal hold” to stop the flippin’ picture on the tube from rolling by, a fringy show called The Outer Limits …

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QE or Not QE, That is the Question

The Fed, in consort with the FDIC and US Treasury, has created two new rescue programs that are rapidly inflating its balance sheet — the Bank Term Funding Program and a revised FDIC policy that covers all deposits at certain banks for any amount of money — sky is the limit — but only if […]

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Janet Yellen: Creature of Chaos

Just a handful of recent bank collapses with the help of Janet Yellen’s recent testimony in congress have spread shockwaves beneath the entire surface of global banking. Several publications are now joining in the harsh criticism I brought against Yellen …

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What a Day! The “Non-Systemic” Collapse Deepened Systemically as the Fed’s Balance Sheet Suddenly Skyrocketed with “Not-QE”

Wow! What a day. What an upside-down world! Eleven megabanks joined hands to rescue their flailing competitor, of all things. Either they are especially nice banks — all of them — or that is how systemic they see the failure of these recent mid-sized and smaller regional banks. Each megabank made deposits in the billions […]

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The Great Bond Bomb was Ticking So Loudly No One Could Hear it over its Own Noise

Now that the Big Bond Bust has happened, as promised here, everyone wants to know how it happened. I want to know how on earth so many of them didn’t know it was going to happen — especially those who were supposed to be watching for this … including the regulators who were actively causing it?

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CONTAGION: Terrorist Fed Wipes out Banks as Cryptocollapse Flushes through the System

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 …

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Panic in the STREET: One Bank Crashes, A Bigger One RUNS for its life then crashes, and Suddenly it’s Panic on Wall Street!

Just 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!

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The Balloons Are All Falling: What Some of the Great Voices Predict for 2023 and Beyond

Not 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.

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