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2022: The Year that Imploded … Bigly
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 […]
2022: The Year that Imploded … Bigly
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 […]
The Big Bear is Back and Papa Powell’s on the Prowl!
We now have solid confirmation that the bear market did not go away and that the rally that began in October was just another typical bear-market rally. Look at the three graphs below to see how perfectly it fits the pattern of all the other bear-market rallies this year, which means we are heading down […]
Snow Job: Fed Admits Gov’t Job Estimates too High by Over 1-Million, which Means Serious Peril!
Having written that Powell’s Peril Lies in the Lanquishing Labor Market and that we are Fed up and Under-Fed All at the Same Time because Everyone Sings the “Strong Labor Market†Tune in Unison … and They’re All DEAD Wrong, I finally get some VINDICATION! Major vindication!
I laid out a path of stepping stones for the Fed and stocks all year, and they couldn’t resist it every step of the way!
The languishing labor market has been the Fed’s path to peril, as I wrote yesterday in assessing how the Fed’s latest moves were perfectly predictable. I tried over the past year to lay out each step the Fed and the stock market would take together, and they followed those stepping stones like the Yellow Brick […]
Powell’s Peril Lies in Lanquishing Labor Market
Fed Chair Jerome Powell did the best he could with the limited options the Fed has created for itself, and he said nothing unexpected. The Fed will continue its course at a slower rate of interest rate increases but raise interest to a higher level than it has thought it would have to all year […]
CPI Didn’t Give the Stock Market What it Believed it Wanted
Stocks soared at the tiny dip in inflation as if they had just been given aviation fuel. And then they didn’t. The climb quickly stalled and sailed back toward the ground with stocks ending modestly up. Look into today’s CPI numbers and even think about the headline for more than a flash, and it’s obvious […]
Fed up and Under-Fed All at the Same Time
The Fed is going to tighten an already tight labor market by making sure more of those workers who are already too-few in number are laid off in order to reduce production that was already lower this year than last year in order to lower prices that are too high because of production shortages.
The Bear is Uncaged … Again
It’s important to say when you were wrong, especially if you are prone to point out when you were right. Otherwise, you are just boasting in vain conceit. If you point it out both ways, you are just being factual.
The Money of the Apocalypse is Rising in US Banks from the Ashes of the Cryptocrisis THIS WEEK!
For years, I’ve written about the creeping approach of central bank digital currencies (CBDCs) as a replacement for coin and paper money that will give government much deeper control over you. Now the time has arrived … IN THE US. Yesterday, The Federal Reserve Bank of New York published the following notice:
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 […]
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…