The Great Recession Blog

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 […]

Melt-ups precede a major stock market crash, and by all appearances we may be in a melt-up right now that could cause a stock market crash in 2016. First, a small bit of euphoria kicked up permabull adrenaline in the US market when Brexit didn’t make the American sky fall overnight. At the same time, central banks scurried to buy stocks all over the […]

Many nations that experimented with the Fed’s economic recovery plan are now going beyond the outer limits into the twilight zone of negative interest rates. Some of these nations continued to skirt in and out of the edge of recession throughout their years of economic stimulus; so, now they’ve powered their programs into hyperdrive to see if they can escape […]

Only a couple of weeks ago, I said we were entering the jaws of the Epocalypse. Now we are sliding rapidly down the great beast’s throat toward its cavernous belly. The biggest economic collapse the world has ever seen is consuming everything — all commodities, all industries, all national economies, all monetary systems, and eventually all peace and […]

The one prediction I’ve made over the past years on this blog that came the closest to looking wrong has taken some time to gain perspective on. When I predicted the stock market would crash in the fall of 2014, it did take a big plunge, but it immediately spiked back up, so I couldn’t exactly call […]

Bubble, bubble, we’ve got trouble. China’s market turned to rubble. Wonder, wonder who comes next? Burst your bubble; read this text.   U.S. stock market’s hot-air balloon ride has already ended   With China’s bubble burst, you might want to re-examine the U.S. stock market if you have ever enjoined the illusion that the market’s growth […]

There is one reason I’m posting again on my blog and that is that the Federal Reserve lied. The long-promised end of quantitative easing by the Fed last fall never happened, and, strangely, no one has called the Fed on that. I cry foul.   It was the end of quantitative easing in 2014 … not! […]

Was the recovery of the stock market rigged? David Stockton, President Reagan’s Director of the Office of Management and Budget, says it was:   The markets plunged on a vague recognition that the central bank promoted recovery story might not be on the level. But that tremor didn’t last long. Right on cue the next day, one of the very dimmest Fed heads — James […]

When you look at numerous key sectors of the economy, they hang together like the bones of a rickety skeleton. Here is a list in bullet points of some economic bones to pick over. When viewed altogether, they indicate the next dip of the Great Recession is likely near and severe:   “There are more obvious light switches today or […]

This is a drum I’m going to beat for awhile: People need to stop listening to economists who are fixated on statistics like Gross Domestic Product or job gains as an indicator of where the economy is going. People need, instead, to read this blog if they want to know where the global economy is going. […]

Federal Reserve Chairman Ben Bernanke merely hinted that the Fed MIGHT START to TAPER its quantitative easing MONTHS from now, and that breath sent mortgage rates soaring in one of the steepest rates of rise the U.S. has seen. This confirms one of the primary themes of this blog in the starkest way possible:   […]

It’s time for the mid-year audit of my 2013 economic predictions. I learned from last year and throttled back a little this year. While luminaries like Marc Faber predicted a great economic collapse in 2013, I decided the government has a lot of energy to keep powering through a bad plan. It would be almost […]

2012 brought a change to global stock markets we have never witnessed. The unprecedented money-mongering of central banks has caused stock exchanges to completely unhitch themselves from economic reality. Markets now react inversely to their economies, a situation that begs for a devastating stock market crash.   The great stock market bubble of the Great Recession […]

It’s time to assess my own 2012 economic predictions. In looking honestly at the shortcomings in my predictions, I see something interesting. The picture of events formed a ghost image to my own forecast. It shaped up weaker than I had predicted, and yet has taken the exact form I envisioned, albeit in paler colors […]