Thursday morning CPI, again, proved what has become my standing narrative for two years — that hot inflation would force the Fed to tighten faster and harder and would kill the economy, the bond market and stocks — when all of the following headlines hit on a single morning (as collected on The Daily Doom): […]
In this week’s podcast, Tom Pochari asked me what I believe is the ultimate destiny of humans and human civilization on this sometimes seemingly Godforsaken earth … so I told him: Bottleneck Animal (Top of left column at time of posting, October 12, 2022.)
This week, I am inspired by the awarding of the Nobel Prize in Economics to our own highly regarded Ben Bernanke, one of the world’s greatest economists who recognized, contrary to the average dolt who felt otherwise, that we were not in a recession in the summer of 2008 and that, in fact, there was […]
Finding and filling gaps in the market is one path for entrepreneurial success. The first to tap into an unmet consumer demand can unlock massive profits. But unless there’s some comparative advantage, competition will quickly commoditize the market. Profit margins will decline to just above breakeven. “You should either be first or be better than your competition.â€
Here is my recent interview with Tom Bodrovics of Palisades Gold Radio. I think it gives the broadest and easiest-to-understand overview of how the Federal Reserve has delivered us into a catastrophic situation for which the Fed truly has no answers that will do anything, except make everything worse: (In summary: The coronacrisis brought massive […]
I want to share the following funny video by Russell Brand, which was in today’s Daily Doom, because it well expresses my overall and longstanding view on America’s endless imperial pursuit of neocon wars around the world in recent decades. Enjoy it before reading on about my views on Putin’s War, because this really is […]
![By Vmenkov (Own work) [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/Burning-money-and-yuanbao-at-the-cemetery-3249.jpg?fit=150%2C113&ssl=1)
The stock market is smart in a dumb way, but it is currently unbelievably dumb in the way that it is smart. To understand that, you have to realize that today’s stock market is not a place for investing in businesses. It used to be that, but the players have all turned it into a […]
“When the [credit] delusion breaks, people all with one impulse hoard their money, banks all with one impulse hoard credit, and debt becomes debt again, as it always was.  Credit is ruined.†– Garet Garrett, 1932, A Bubble that Broke the World
![By Tairo Bonilla (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/SunkenTanker.jpg?fit=150%2C104&ssl=1)
The sails are torn and fluttering fiercely like flags in a windstorm. The ship has stopped slicing through the waves, and its timbers are shuddering on the rocks. You can hear the stony teeth chewing into her planks, but the captain and crew are passing around sherry glasses and raising a toast to the fine […]
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