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.
Right now Magic Monetary Theory, as I last called it, or helicopter money is made possible by the Fed financing the government so the government can give out stimulus checks and augmented unemployment benefits to the masses, giving the unemployed more money than they had when employed. That keeps the accelerated money printing of MMT, […]
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. […]
I rarely mention anytime I’ve been interviewed. However, I was reviewing a casual conversation I just finished with one of my readers, Bob Unger, and I thought Bob’s questions led to a well-rounded expression of how, over the past two years, our economy got to the collapse we are in now, how predictable the Federal […]
![Is the US stock market going to crash in 2017? [By Philip Timms [Public domain], via Wikimedia Commons]](https://i0.wp.com/thegreatrecession.info/blog/wp-content/uploads/CagedBear.jpg?fit=111%2C150&ssl=1)
I’ve been saying the stock market will take a turn for the worst sometime between mid-August and October. Numerous market metrics now show a market that looks ready to turn over. The bear may soon be back in charge.
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