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Jeffrey A. Tucker: Maybe the Fed Too Was Trolled

The Federal Reserve – and central banks the world over – played a crucial role in making lockdowns possible and weaponizing the panic of politicians. As the lender of last resort and the provider of liquidity for the entire federal government, it removes normal fiscal restraint. It writes checks that cannot bounce to fuel governments in […]

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MN Gordon: Death to Zombies

On Thursday, the Bureau of Labor Statistics reported that consumer prices, as measured by the consumer price index (CPI), inflated at an annual rate of 7.7 percent in October.  Investors went bananas on this apparent pullback in the headline CPI…

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MN Gordon: Are You Ready for the Coming U.S. Government Default?

The vast herd of investors are a deluded crowd.  Following the Federal Reserve’s much anticipated 75 basis point rate hike on Wednesday the major stock market indexes jumped upward. Then they fell. Now they’ve bolted back upward again. Their delirious….

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Powell Feinted Full Dovetard, and Stocks Still Plummeted. Why?

I’m going to write today’s article with all the vicissitudes I experienced as I read Powell’s statements about the Fed’s predicted moves and watched the market’s responses as they played out. My first thought, as I read the headline about Powell stating outright that the time was coming when the Fed would have to slow […]

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It’s Full Market Meltdown Mania and the Fire Truck Is on Fire

The stock market is smart in a dumb way, but it is currently unbelievably dumb in the way that it is smart. To understand that, you have to realize that today’s stock market is not a place for investing in businesses. It used to be that, but the players have all turned it into a […]

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Epocalypse Revisted: The Entire Global Economy is Breaking Up on the Rocks

The sails are torn and fluttering fiercely like flags in a windstorm. The ship has stopped slicing through the waves, and its timbers are shuddering on the rocks. You can hear the stony teeth chewing into her planks, but the captain and crew are passing around sherry glasses and raising a toast to the fine […]

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Down, Down, Down in a Burning Ring of Fire

The Dow plunged 686 points midday on Thursday and closed down 458, wiping out a large relief rally from the day before, and it went down for the key reason I laid out for understanding why the Fed will over-tighten and drive the economy into an extremely deep recession. A batch of economic data that […]

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Podcast: Pilot Powell’s Impending Pile-up with the Stock-Market Hallelujah Chorus on Board

Stocks soared, treasuries fell, and the message from Team Fed was “full speed ahead with tightening.” Where did all of Wednesday’s market lunacy come from? We leaped from “Bad news is good news” straight to “Bad news is AMAZING!” Every Fedhead who spoke in Wednesday’s planned lineup made it clear the Fed is dead-reckoning its […]

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It Was Hell Week, and the Fed Can’t Handle the Heat

Jamie Dimon, CEO of JPMorgan Chase, set last week off with a fitting sour note when it was reported across the financial news, he had updated his weather report for the economy: I said there were storm clouds. But I’m going to change it. It’s a hurricane. Right now it’s kind of sunny, things are […]

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THE INFLATION MONSTER: It’s Much Worse than we Thought … but Wait until this Little Monster Grows Up!

We could all be on the cusp of the most deadly inflation the world has ever experienced, due to a unique setup of global forces that have the power to accelerate that into happening in a surprisingly short amount of time. I’m going to tell you how that could happen more quickly than anyone appears […]

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Ouch! Hot Inflation Melts Pilot Powell’s Feet to the Pedals

Better strap on your parachute and exit the plane ahead of landing because there is no getting out of a crash landing now that inflation is burning the landing gear off the bottom of the Fed’s plane. Captain “Bring-her-home Jerome” Powell was already trying to land his Federal Airlines 747 at the steepest angle of […]

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The Big Bond Blowup: Worst Bust Since Marshall Plan

This past week was a stormy ride through the badlands of hell for bonds. Government bond prices took their worst cliff-fall since the Marshall Plan. The panic run of bonds over the edge was sparked by the fantasy belief that Russia might be retreating, bringing a rapid end to Putin’s invasion and the opposing sanctions.

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