“Remember that the market is a forward-looking indicator. Ideally, it is pricing in the gains of the next six to 18 months.” (Seeking Alpha) Famous last words again and again. That sunny advice about today’s overpriced market was repeated again about a week ago. It is the same excuse that was routinely deployed at the […]
![By Vmenkov (Own work) [CC BY-SA 3.0 (https://creativecommons.org/licenses/by-sa/3.0) or GFDL (https://www.gnu.org/copyleft/fdl.html)], via Wikimedia Commons](https://thegreatrecession.info/blog/wp-content/uploads/Burning-money-and-yuanbao-at-the-cemetery-3249-150x113.jpg)
There is no excerpt because this is a protected post.
![Dorothea Lange [Public domain], via Wikimedia Commons](https://thegreatrecession.info/blog/wp-content/uploads/Destitute_man_vacant_store-150x147.gif)
I want you to read one average person’s year-end description of the changes in our socio-economic landscape we experienced in 2020 because his words build toward a devastating realization at the end: The movement back to the farm has grown stronger … until today it is almost an exodus from the city to the farm…. […]
![By FEMA News Photo (This image is from the FEMA Photo Library.) [Public domain], via Wikimedia Commons](https://thegreatrecession.info/blog/wp-content/uploads/Hurricane_Destruction-150x116.jpg)
Things couldn’t be worse if you’re in the market for a house, except that they can be and probably will be. As it stands, you can probably buy this photographed “cosmetic” fixer for half a million if it’s in a modest neighborhood or a large city that everyone is fleeing. Housing prices rocketed to the […]
![By Germán Torreblanca (Own work) [CC BY-SA 4.0 (https://creativecommons.org/licenses/by-sa/4.0)], via Wikimedia Commons](https://thegreatrecession.info/blog/wp-content/uploads/FatWomanSculpture1-100x150.jpg)
There is no excerpt because this is a protected post.
Just a collection of market miscellaneous that continues to demonstrate how out-of-whack this market is with all reality. BofA notes that “we have already eclipsed the prior record in equity issuance from the dot-com bubble and we note that after the last two peaks, S&P 500 PE multiples dropped….” At the same time, for the past […]
How the QAnon conspiracy theory attracted millions of followers, many of whom were willing to drink the Kool Aid and die for their beliefs, will always be for me one of the modern marvels of mankind. Somehow it was easier and more logical for millions of people who needed hope to believe Bill and Hillary […]
Two years ago when I was weary of writing about the economy for nothing, I said I would only continue to write on this subject if I could achieve, at least, $500 in monthly support. (Prior to that I never asked for support and gave away my thoughts for years to anyone who would listen.) […]
The faint heartbeat of this week’s jobs report did not keep the stock market from trying to scramble back up to its record heights. The surging and plunging and scrambling for cash and closing of gates at Robinhood did not stop the rise either. Robinhood became a broken arrow Let’s just say market mania rose […]
At a peachy-pink palace that remained from a bygone era beside the sea in a land of decaying swamps, the king of Deep State gathered with the richest of his rich subjects to celebrate his former accomplishments and greatness. As with all kingdoms, only the old-money crowd gathered in the palace to dine with the […]
![By 95 b-body ss [CC BY-SA 3.0 (https://creativecommons.org/licenses/by-sa/3.0)], from Wikimedia Commons](https://thegreatrecession.info/blog/wp-content/uploads/Closed_mall_shops-150x113.jpg)
Every couple of months, I bring us up to date on how the economy has changed, and the last couple of month have taken us predictably back into economic decline, following a summer burst of subnormal passableness that never got us out of the crater we fell into last spring.
![By John Phelan (Own work) [CC BY-SA 4.0 (https://creativecommons.org/licenses/by-sa/4.0)], via Wikimedia Commons](https://thegreatrecession.info/blog/wp-content/uploads/Photomosaic_of_Donald_Trump-103x150.jpg)
What does MAGAnificent America look like now that it’s here? Does America really feel greater after the last four years? Be honest now. Be really honest. From where I stand, America has never looked worse in any year of my life! That’s a statement packed with facts.
![By A. Burnham Shute (Moby-Dick edition - C. H. Simonds Co) [Public domain], via Wikimedia Commons](https://thegreatrecession.info/blog/wp-content/uploads/382px-Moby_Dick_p510_illustration-118x150.jpg)