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Bubble Bubba Isn’t Doing Fine Anymore

Let’s take a look at how the average consumer is doing. I’ll call this typical consumer “Bubba” because I just read an article that claimed “Bubba’s doing better today than at any time since before the Korean War.” It disgusted me because I found it to be such a disingenuous set of lies wrapped in […]

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Reading the Next Recession: Will the Great Recession 2.0 become The Great Depression II?

A journey in photos and facts to compare the present Great Recession with the past Great Depression to gain perspective on where we might be headed.

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Stock Market Hangs on Edge of Very Big Cliff

It’s downright wintry on Wall Street right now. Firmly establishing the worst start of a December for the US stock market in 38 years, all three major stock indices plumbed the greatest depths they have hit all year … and it’s been a bad year! The S&P 500 and the Nasdaq closed at 2,546 and […]

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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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US Government Deficit Rising Rapidly as Predicted Here

It wasn’t just the rise in the deficit that I had said was certain with the passage of the Trump tax plan and the spending bill, it was another one of those bad turns where you have to reach all the way back to the official part of the Great Recession to find a matching […]

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Graphic Anatomy of a Stock Market Crash: 1929 stock market crash, dot-com, and Great Recession

The 1929 stock market crash became the benchmark to which all other market crashes have been compared. The following graphs of the crash of 1929 and the Great Depression that followed, the dot-com crash, and the stock market crash during the Great Recession show several interesting similarities in the anatomy of the world’s greatest financial […]

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Irrational Exuberance During Trump Rally Exceeded All Records! We’re sailing into a massive stock-market crash.

If I can show you that economists, central bankers and stock analysts are blind in the area of their expertise to the most obvious setup for disaster ever, then you’ll realize we are perfectly poised for potentially the greatest stock market crash in history. Many times in the past few months, I’ve heard these people say that the […]

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Will Trump’s Talk Turn the Trump Rally into Lasting Gold or End in the Trump Dump?

Trump is market magic. The Donald spoke, offering nothing he hasn’t said hundreds of times before in his campaign speeches, and the Dow parted its way through the 21,000 barrier without hesitation. The stock market’s rise from 20k to 21k also tied a record for the quickest 1,000-point gain. How long will this rampaging bull market last?

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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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Similarity in Stock Market Charts for 1929, 2008, 2016 May Show This is the Epocalypse

Compare the Great Depression to the Great Recession, and you’ll see a similar pattern in how the Dow Jones Industrial Average graphs out. That pattern appears to be repeating now. The nation’s most notorious stock market crash in 1929 did not occur as a single fall off a cliff, but started with high points that rounded downward as […]

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Economic News Articles in The Great Recession Blog, week of 06/24/2012

How long was it after Italy’s PM, Mario Monti announced that the euro crisis was “almost over” until it became a bigger crisis than ever? Within a month he found himself embroiled in the battle of his career against “Frau Nein,” Germany’s Chancellor Merkel, as the world watched the daily economic news articles out of […]

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Press the Press on Its Failure to Cover the Economic Depression Adequately

To the Financial Editors and Reporters of this nation: One thing that defies sense to me is how nearly all of you have demonstrated an overwhelming tendency to write more optimistically about the economy than the facts deserve. I can understand why the government does it and to some extent why economists do it (in […]

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Why I make economic predictions, and why I smell like a bear and brag about it

Some people predict the economy is going down in order to sell gold. I call them the “gold bears.” Others make economic predictions as a way of guiding people in their stock or bond investments. They are the golden calves of the Wall Street bull. I have completely different agenda than either. The gold bears […]

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