Investors will start to realize the economy is not recovering in August, I said. As result, the stock market will break sometime in August or September, I said. It will likely experience an even bigger plunge as an October surprise, I said, because something about October loves a Halloweenish surprise for stocks.
Miles Taylor just outed himself as The New York Times’ Deep Throat, a.k.a. “Anonymous,” who boasted he was part of an internal soft coup against the Trump Administration by the deep state. He is now being called a deep fake by, well, nearly everyone.
The major knock-on effects of the COVID shutdown are now starting to stack against each other, pushing city centers into the dust. Here are some of the big moves that are as characteristic of the US as they are of the world overall.
In my September Patron Post, I promised to compose an article that would bring us up to date on what the central bankers of the world have been saying about their plans, particularly with respect to digital currencies. This is that article. (I felt it more important to get out my other Patron Post this […]
In what remains the most undercovered financial topic of the year, if not century, we remind readers that starting about a year ago, central banks around the world launched an unprecedented if stealthy attempt to overhaul the entire monetary architecture of fiat money by implementing digital dollars, a transformation to a cashless society which in […]
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 (http://creativecommons.org/licenses/by-sa/2.0)], via Wikimedia Commons](https://i0.wp.com/thegreatrecession.info/blog/wp-content/uploads/Donald_Trump_and_Mike_Pence_-_Caricature.jpg?fit=150%2C85&ssl=1)
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://i0.wp.com/thegreatrecession.info/blog/wp-content/uploads/FBI_Director_James_Comey.jpg?fit=82%2C150&ssl=1)
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.
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