I mentioned in a recent article that the weird thing about this recession is that it is the only one in which personal income has gone up during a recession. That, of course, is because of government assistance, which is making it so we don’t have to feel the pain of a recession that the […]
Jobs didn’t get much worse in September, but they stopped getting better. This is a tale of where the recovery road for the US economy ended. Unemployment is the crux of the Covidcrisis economic story. While jobs showed a little improvement in September, a little digging through the numbers reveals the return to full employment […]
Try to remember the kind of September, When life was slow and oh so mellow. Try to remember the kind of September When grass was green and grain was yellow. Try to remember the kind of September When you were a tender and callow fellow…. –Tom Jones
![By DonkeyHotey (Donald Trump and Mike Pence - Caricature) [CC BY-SA 2.0 (https://creativecommons.org/licenses/by-sa/2.0)], via Wikimedia Commons](https://thegreatrecession.info/blog/wp-content/uploads/Donald_Trump_and_Mike_Pence_-_Caricature-150x85.jpg)
The Vice President was upstaged by a tiny, little black fly that forced the VP debate to center on the one topic #pinkeyepence most wanted to avoid — his handling of the Covidcrisis. Chatter across the nation about the debate became all about Pence’s fly and his pink eye and … again … about how […]
After saying the stock market’s rally today could best be explained by “the removal of uncertainty,” Jim Cramer got a hyuuge surprise out of a corner from which he least expected it. The surprise that moved the market was not, however, removal of the particular uncertainty that Cramer was talking about. It was removal of […]
Throwing the Trump administration and campaign into turmoil, COVID-19 has struck the president, the First Lady, White House staff and key Republicans. The virus the president “downplayed” has imprisoned him for being a viral scofflaw. He can no longer attend rallies in person or shake hands or talk face-to-face with voters. He’s cancelled events.
![By Federal Bureau of Investigation (FBI) [Public domain], via Wikimedia Commons](https://thegreatrecession.info/blog/wp-content/uploads/FBI_Director_James_Comey-82x150.jpg)
Senate hearings in Washington have laid bare the failures of the FBI investigation, showing there was never any evidence of ‘collusion’, and it was all a campaign to ‘get Trump’. The US Senate Judiciary Committee questioned former FBI Director James Comey during a hearing this week over the recent Horowitz report.
The NYT’s much-heralded exclusive claiming that Trump is “profiting” from his presidency despite going “broke” during his tenure has more potholes than a New York alley.
Since I’ve spent a fair amount of time on the US stock market of late, I won’t say much. Just taking a moment to note September just finished its fourth consecutive week down (final full week), maintaining a downtrend that began as we rolled over from August into September, setting up an October surprise.
There is no excerpt because this is a protected post.
It wasn’t just COVID that got us down the road to ruin. Because many think we are in what looks like a post-apocalyptic world of rubble only because of COVID or because of Trump, I decided now would be a good time to summarize how predictably the Fed’s Great Recovery and Great Rewind got us […]
All three major stock-market indices completed three consecutive weeks of falling today as we head into fall next week. The NASDAQ, as you see in the opening graph, has set up a clear trend of perfectly aligned closings this week.
This graph shows where my mind goes every time I ask myself how far the S&P 500 is likely to fall before it finds a solid bottom. As you know, I don’t make predictions based on charts, but clearly there is intense convergence of longterm support around the 2,000 level and strong indication of a […]
Dave Portnoy is shaking his fist at the stock market, daring it to give him a bigger pounding than it already has — telling his gambling fans how the $700 million he lost on Thursday, and the four-million he’s lost “in a f—ing blink” over the week is just a flesh wound, a mere scratch. […]
