I’ve just posted my latest Premium Post on Patreon. It’s about the world-sized peculiarities that are showing up in the bond market as well as the conjuncture of ill-opposed events happening this coming week in the US treasury bond market. The distortions I see in the surface of the bond bubble (Let’s just call it […]
![By Marcosleal (Own work) [CC BY-SA 3.0 (http://creativecommons.org/licenses/by-sa/3.0)], via Wikimedia Commons](https://i0.wp.com/thegreatrecession.info/blog/wp-content/uploads/BalloonAndStorm.jpg?fit=150%2C100&ssl=1)
The US debt ceiling is likely about to be lifted. When it is, it will release a deluge of government debt issuance that has backed up for four months. That could cause a temporary spike in bond yields as so much debt rushes out to find buyers. That has sometimes happened at such junctures in […]
One thing I never posted and should have when I’ve stated that the stock market did take its second major leg down in the “early summer” of 2018, as I had predicted, was this graph of the FAANG stocks. The index shown here should be considered a major stock index in one all-important sense: The […]
A journey in photos and facts to compare the present Great Recession with the past Great Depression to gain perspective on where we might be headed.
The Fed’s missteps and flip-flops this week tripped up multiple markets. After accidentally announcing their ammo is down to one last bullet against recession, can they be trusted to handle powerful weapons?
News of significant recessionary drops in the US became as relentless this past week as the ping, ping, pang of drips from a leaking ceiling hitting pans in the New York Stock Exchange. I’ve been saying you would hear the sounds of recession everywhere as soon as the second-quarter earnings reporting season began this summer. […]
The Federal Reserve knows we are in a failing economy, or it would not be holding town meetings all over the US to prepare the public for actions more extreme than we are used to seeing. Hear what the Fed is seeing fall around us and why it is rapidly switching back to recovery mode.
This month the economic expansion brought to you by your Federal Reserve and by US government largess becomes the longest expansion in the history of the United States! That’s something, right? Something? Let’s take an honest look at what we now call great.
It’s time to turn around and see the darkness that the Fed sees looming over you. Earnings season is already extending signs of recession with the first corporate reports coming in far darker than expectations that were already twilight dim in FactSet’s estimations, which pegged earnings as likely to show a 2% contraction.
The bears that are gathering will soon enough be picking flesh off the sun-bleached bones of this market. Even the Fed Chair, who usually does all he can can to avoid dismal pictures and to sound optimistic, is finally talking downcast about the US economy.
![By Lucian.amarii (Jup) [CC BY-SA 3.0 (http://creativecommons.org/licenses/by-sa/3.0) or GFDL (http://www.gnu.org/copyleft/fdl.html)], via Wikimedia Commons](https://i0.wp.com/thegreatrecession.info/blog/wp-content/uploads/Terrorist_banker.jpg?fit=112%2C150&ssl=1)
Stock market investors, hungry for more pork, are demanding Fed Chair, Jerome Powell, land on their table on a silver platter with an apple in his mouth at this week’s congressional testimony. Will he deliver? Powell has a thin red line to talk, or this overFed market, which he and is cronies have nurtured, dies […]
Right after Trump’s inauguration, I ran an article about how incredibly fake the news coverage was about his inauguration. (Those reading my site know I’m not a big Trump fan, but credit where credit is due and calling fake where calling fake is due.) The media was nothing short of spectacularly fake in the news […]
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