The Great Recession Blog

The big news carried in The Daily Doom today was recession after recession and inflation after inflation. They’re both back (or “back to back”), and boy are they mad! This year’s big predictions on The Great Recession Blog appear to be lining up to start tearing things up this week as a nice little gooey Valentine’s surprise that ain’t yo’ mama’s box o’ chocolates!

Since this is a long article packed with my predictions (and some near-predictions, so let’s say “high likelihoods”), you will probably want to read it in sections, which you’ll find cover my ongoing predictions about the following topics: To make it easier to get back to where you left off, I’ve made these targeted links […]

Surveying just the news that started this year in The Daily Doom, things look bad for the US economy. Worse still, if you dig beneath the few rosy headlines that did greet the year in lighter tones, the bottom falls out quickly, as it does when stepping out of a high-rise window.

This was the year where it seemed everything imploded. For the economy, it started with two quarters of receding GDP that everyone refused to call a recession. Whether you stand with the crowd on that or not, it was certainly not a good change and was certainly a collapse of the economy toward a smaller […]

This was the year where it seemed everything imploded. For the economy, it started with two quarters of receding GDP that everyone refused to call a recession. Whether you stand with the crowd on that or not, it was certainly not a good change and is certainly a collapse of the economy toward a smaller […]

Everyone in financial media is singing in unison, and the song they are all singing is a recessional for the recession — a hymn or musical piece sung while making an exit. It’s an attempt to make the recession recede from view, to talk it out of existence, to convince everyone that what is, is […]

Monday’s financial news was filled with fantasies about how Tuesday’s CPI report would be as boring for the stock market as watching the paint dry on Fed QT, but all that falderal didn’t even age one day without putrefying to a level of rancidness that would curl the nose hairs of most investors by Tuesday […]

To many economists, saying we are going into an economic crash would be a prediction because over eighty percent of economists do not believe we are even in a recession right now, much less a total economic collapse. To me, on the other hand, saying we’re entering an economic collapse is not a prediction at […]

Now there comes a timeIn every man’s life,Where decisions have to be madeWhether to toil, to labor,Or just plain pissYour days away, away, away!  – Caught in a Jar, Dropkick Murphys

The news about GDP on July 28 was entirely consumed in the throes of another definition change. What everyone understood is that what it means to be in a recession has been suddenly changed by government edict. It’s not a recession, they say…

The ability of humans to believe whatever lie they want to believe never comes in lower than I expect, but it sometimes manages to come in even higher. Nowhere has that been more transparently true than in economics where everyday I read people in the financial media who must surely have IQs somewhere above a […]

The twaddle that comes out of the White House is deep right now. When our tottering president isn’t out enjoying a bike ride and falling down because Putin put gum in his stirrup so that he couldn’t get his foot out to steady himself, he is assembling a colorful team of Frisco-style professionals highly qualified […]