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A Davos Parable

Cirrus clouds wavered overhead like a circus big top billowing in a summer breeze. Sunlight filtered through, making it a warm, hazy afternoon for the kaleidoscopic disarray of people jumbled on the fairgrounds. A large banner that read “The World’s Fair or Bust” rippled above the ground and flapped in the breeze. Small groups of […]

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The Road to Recovery: Global Epocalypse Inevitable According to Trump’s Chief and World’s Largest Failing Bank

The financial end of the world in economic apocalypse is here. A funny thing happened on the road to recovery: Trump’s chief strategist admitted his view of the Trumpian future looks like the Great Depression. Even the world’s largest bank just said global financial default is the preferable way out and most likely way out of the Great Recession […]

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Is Trump’s Immigration Concern Racism or Just Uncommon Sense?

Most Trump supporters voted for him because he is the only voice against the establishment that speaks in a visceral way that resonates with their own concerns. They don’t hate Mexicans, but they hate an American establishment that imports as many people as it can from areas where labor is the cheapest in order to do […]

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Peasant Revolt Trumps Globalist Establishment

They awakened the sleeping giant, the great middle class of America. On this historic night, the average citizens of the United States roared and joined Brexit in voting against globalism and in favor of nationalism. To empower Trump, the middle class also handed him a completely Republican-controlled congress. They tore down President Barrack Obama’s legacy. […]

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Come Hillary or High Water, It’s Just About Hell Week for the Economy

Election week is only about a week away. No matter who wins, rage will break out across the US landscape because, for the time being, the flames are kept minimally under a lid by hope on each side that their candidate will win. If Hellary Clinton loses, the establishment will come unhinged. If Trump loses, the Tumpettes […]

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Federal Reserve Admits it Never Knew What it was Doing

The Federal Reserve is, at last, acknowledging at top levels that its economists are completely baffled, its recovery is failing, that the Fed cannot raise interest and may even have to heat up its stimulants … or we may end up with a permanently scarred and stagnant economy.

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Trump: Trojan Horse for the Establishment or Mighty Mouth for Mankind?

I crave the opportunity to see an anti-establishment candidate win the election. I would exult in seeing our corrupt establishment shattered. So, while I do not like Trump the man (as it would appear he has never done anything that didn’t entirely serve his own self-interest and pompous ego), I have thoroughly enjoyed seeing him upset establishment Republicans and establishment […]

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Don’t Be Fooled by Stories that the Rich Pay Eighty Percent of the Taxes

Year after year around tax time, a tired war horse of a story gets trotted out about how the heavily burdened rich already shoulder eighty percent of the tax load. Poor rich. They are oxen doing the heavy pulling to make things easier on the rest of us dumb cows. Thank God we have them!

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Perfect Storm for Oil Started on Schedule and Continues to Build

The perfect storm I predicted against the price of oil in the Ides of March has not fully developed, but all the forces I spoke of are continuing to build. The balmy days that prevailed for oil prices in early March have gone away, replaced by a downdraft that is once again suppressing prices more and more since their peak in mid-March. […]

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Were My 2016 Economic Predictions of Epocalypse Wrong?

It appears one of my most boisterous predictions last year could be about to fail (and right at the point where it looked like a success in every detail). The current stock market rally and rise in oil prices appear to contradict my big prediction of a stock market crash that would start in December. I bet my blog on that […]

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13 Black swans swirling above the US economy

The black swans are circling like vultures now. Dark economic events seem to be flying in out of nowhere for those who have vision to see them. Even dovish New York Fed President William Dudley, who cannot tell the difference between money and hot air, sees a lot of black in the skies now and says that he […]

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The US Oil Slick is Getting Wider: Oil Boom Going Bust

Only about a week ago, one reader scoffed at me because oil prices had stabilized (or so the market theory d’jour went). The big stock market crash I had predicted had run its course, he thought. The Saudis and Russia had entered a deal on oil, and Iran was coming on board; the stock market […]

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Santa Claws Snatches Christmas Stock Market Rally

Horror movies begin with a simple, almost innocent hint that something is not quite right. The first sign that we have entered the shadowy dawn of global economic collapse, which I call the “Epocalypse,” is Santa Claus’s failure to show up on Wall Street at Christmastime. A Santa Claus rally for the New York Stock Exchange is as dependable […]

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Has there ever been a more selfish generation?

It’s a good question to ask on the day after Christmas, when we have all used our credit cards to buy gifts for others. In spite of this seasonal gift buying, I think there has never been a more selfish generation. (Regular readers of this blog are excepted because you wouldn’t be reading this contrarian blog if you were […]

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