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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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Larry Kudlow is Still an Idiot

One Loonie fell today, and another rose. The Canadian “Loonie” tested 2018 lows against the dollar when existing Canadian home sales crashed to their lowest in five years. On the same day Loony Larry Kudlow rose to a new chief position at the White House, more than justifying recirculation of the following article:

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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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Stock Market’s Massive Moves Not Seen Since Great Recession: Many who didn’t see the bubble bursting have fallen

Talk about the market busting a move … and a lot of people! In less than half a month, the Trump Rally lost a third of the height it had developed over a period of sixteen months — the worst two-week drop since February 2009. (The market’s moves are so extreme by many measures that […]

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The Ghosts of Crashes Past, Recent, and Future as they Appeared on this Blog

It’s not boasting to state plainly that you were right if you are equally direct about your errors. I have until now rightly predicted all of the stock market’s major downturns, starting with the one in 2007 that gave us the Great Recession. The first of those led to the writing of this blog. The […]

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Trump Tax Plan Greatest Gift Establishment Ever Got

As soon as President Trump put his Goldman boys, Gary Cohn and Steven Mnuchin, in charge of his tax plan, I knew Trump’s tax plan would never fulfill his and his henchmen’s promises of helping the middle class and of not giving additional tax breaks to the rich. The Trump Tax plan, as it now exists, […]

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Here’s You and Here’s the Top Ten Percent

In a nutshell, here is a graph that summarizes everything you need to know about the unsustainable US economy. Unless you’re in the top ten percent of income producers in the nation — or, at least, living in their neighborhood — you are living in a dingy bedroom economy that has only seen its net […]

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Yawning Debt Trap Proves the Great Recession is Still On

While David Stockman stated early this year with resolute certainty that the debt ceiling debate would blow congress up and send the nation reeling over the financial precipice, I avoided jumping on the debt-ceiling bandwagon. While I was convinced major rifts in the economy would start to show up in the summer, I was not […]

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I Know What the Economy Did Last Summer Part 2: The Real Estate Rollover

In fact, I knew what the economy did last summer before summer even began. Since the beginning of the year, I have been writing that it appeared housing was reaching a new bubblicious peak and that the real estate market was getting ready to roll over. Just before the start of the summer, I confirmed that […]

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Wars and Rumors of Wars: Fire and Fury Signifying Nothing? Stock market caught in the crossfire

August is a sultry month for stocks as markets thin out during the dog days of summer. Everyone leaves investing for a break from the heat. Statistically, August is the worst month for overall stock performance, while September delivers more of whatever August sends its way or brings its own dark surprises. After that, October […]

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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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Bank Deregulation Back in Vogue: It’s time to dance the last fandango!

The Great Recession was so great for the only people who matter that it is time to do it all again. Time to shed those bulky new regulations that are like clod-hoppers on our heals and dance the light fantastic with your friendly bankster. Shed the encumbrances and get ready for the new roaring twenties

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US Economy Keeps Moving Into Summer Storm

One of the kookiest moments last month came when Fed Chairwoman Yellen spoke about seeing no financial collapse in sight during our lifetimes   “Would I say there will never ever be another financial crisis? No. Probably that would be going a little too far, but I do think that we’re much safer, and I […]

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Central Banks Buying Stocks Have Rigged US Stock Market Beyond Recovery

Central banks buying stocks are effectively nationalizing US corporations just to maintain the illusion that their “recovery” plan is working because they have become the banks that are too big to fail. At first, their novel entry into the stock market was only intended to rescue imperiled corporations, such as General Motors during the first plunge […]

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