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Hopium Floats, and That’s How the Market got High on Friday

So much for the trade war being “good and easy to win.” Let’s be honest. Trump has been grinding away on it for almost a year now, and China has barely flinched in its negotiations. On Friday the tariff war became personal because it will now tap your own budget and every business budget in […]

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The Zombie Epocalypse: A River of Denial Floods Markets Everywhere

The highest summit of irrational exuberance ever, which is not even seen by those engaging in it, establishes the perfect peak for the greatest global economic collapse ever. Some days the level of denial in the stock market twists my head into a knot — not because I am surprised at lemmings jumping over a cliff […]

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Two Down, One to Go, and the Fed is Stuck: My most important economic predictions have come in rock solid

Two of my biggest and longest-term predictions for 2018 and 2019 proved resoundingly true this week, and my sole prediction for this year — a prediction of recession bolder than anyone else’s — moved a big step closer to coming true. Prediction #1: The Fed will prove to have no exit plan from its recovery […]

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Protected: Credit Crisis Cruising Toward Collapse

There is no excerpt because this is a protected post.

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Housing Market Crash 2.0: The Jury is in for 2018-2019

As happened with the first housing market crash that began in 2007 but didn’t become widely recognized until mid-2008, the present housing crisis began exploding one story at a time last summer, and this blog was perhaps the first to state that summer’s change was the turning point from decades of ascent into a collapse […]

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The Great Recovery Rewind: How the Federal Reserve’s Balance-Sheet Unwind is Unwinding Recovery

We are in the end time of an unprecedented era of financial expansion — the greatest expansion of the world’s money supply ever attempted, expansion of the Federal Reserve’s vast and unchecked powers far beyond what the Fed could do before the financial crisis, and super-sizing expansion of banks that were already way too big […]

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Trump’s Mobsters in the White House Deflect Blame for Falling Market

Before Trump was even inaugurated, I said he was clearly draining the swamp directly into the White House. That was obvious as soon as he nominated a Goldman-Sachs roster to fill all the financial cabinet positions. Some wishfully said he was playing 4-D chess by keeping his enemies close. I called baloney. He was simply […]

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Stock Market’s Stars are Crossed for an Ursa Major Upset

The Big Bear is back. Ursa Major is in the house of the rising sun, and Taurus is in the house of the setting sun. Those are bad signs for investors who are now daily diving into their horoscopes. The market is pouring out of an inverted Big Dipper, otherwise known as the Big Bear […]

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The End is Here. I Bet My Blog and Lost and Won

I bet my blog on a stock market crash in the early summer and on global economic cracks large enough by summer that no one could reasonably deny the economy is in a serious downturn. I have both lost and won that bet as I will lay out here.

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Fabulously Fake Facts – “G” in GDP Stands for “Gullibility”

While glowing presidential proclamations about US GDP growth last week did nothing to prevent the stock market from rushing headlong over the cusps of a FAANG stock ledge, the market is taking a breather today. So, let’s take a breather and go back and look at why that GDP report had no bite.

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Housing Market Collapse 2.0 Accelerates Rapidly!

Just ten days ago, your Lone Ranger here laid out why one should see the barely beginning downturn of the housing market in Seattle as the bellwether for a national housing market bust. Naturally a snowflake or two of criticism landed on my nose to say I knew nothing about real estate. That being the […]

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Big Stocks Rock NASDAQ as Two FAANGs Bite the Dust

Two of the original FAANG stocks that carried the US stock market higher throughout the Fed’s fake recovery from the Great Recession have revealed in the past week how quickly overpriced, bubblicious stocks can turn on investors and bring a rising index down. Facebook, which put the “F” in FAANG, showed it knows the foulest […]

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Mass Stupidity Plagues Zombie Markets and Zombie Journalists

“Asian markets rallied on Monday, extending their gains at the end of last week, following another strong US jobs report that reinforced confidence in the US economy and helped settle trade war nerves.” (Newsmax)   So the majority of investors in Asia (and in the US) see the latest MEDIOCRE-AT-BEST jobs report as assurance that […]

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Death of the Great Recovery Part 1: Stocks in Bondage and Bonds in the Stockade

Is the US economy collapsing into the Epocalypse that I predicted would start to show up as large cracks in the economy last summer? The initial damage that I forecast for last summer was in auto sales, housing sales, and the ruin of retail stores and shopping malls along with their satellite restaurants. These initial breakups, […]

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