At a peachy-pink palace that remained from a bygone era beside the sea in a land of decaying swamps, the king of Deep State gathered with the richest of his rich subjects to celebrate his former accomplishments and greatness. As with all kingdoms, only the old-money crowd gathered in the palace to dine with the […]
![By 95 b-body ss [CC BY-SA 3.0 (https://creativecommons.org/licenses/by-sa/3.0)], from Wikimedia Commons](https://thegreatrecession.info/blog/wp-content/uploads/Closed_mall_shops-150x113.jpg)
Every couple of months, I bring us up to date on how the economy has changed, and the last couple of month have taken us predictably back into economic decline, following a summer burst of subnormal passableness that never got us out of the crater we fell into last spring.
![By John Phelan (Own work) [CC BY-SA 4.0 (https://creativecommons.org/licenses/by-sa/4.0)], via Wikimedia Commons](https://thegreatrecession.info/blog/wp-content/uploads/Photomosaic_of_Donald_Trump-103x150.jpg)
What does MAGAnificent America look like now that it’s here? Does America really feel greater after the last four years? Be honest now. Be really honest. From where I stand, America has never looked worse in any year of my life! That’s a statement packed with facts.
In my last Patron Post, which I eventually made available to everyone, I revealed a little-known (at the time) fact that M1 money supply (the most liquid forms of cash — bills, checks and basic savings accounts) had grown faster than any time in history. I showed that using a graph like the following, which […]
Just wanted to highlight that so people don’t forget to check it out now that password protection has been removed from the article. I’ve made it available because the news it contains about the latest major moves within the Federal Reserve System are tectonic — some serious, surprise, so-far-unexplained movement in cash money. See: “It’s […]
This month’s Patron Post lays out what course of action the Fed is likely to take this week, how and why any Fed action must team up with the federal government, and what the outcome is likely to be for the stock market and the economy. I’ve now unlocked that Patron Post for everyone because […]
![By Germán Torreblanca (Own work) [CC BY-SA 4.0 (https://creativecommons.org/licenses/by-sa/4.0)], via Wikimedia Commons](https://thegreatrecession.info/blog/wp-content/uploads/FatWomanSculpture1-100x150.jpg)
We are now seeing the most euphoric stock stock market in history — a market as precariously perched as the one I laid out last January. “Market Euphoria Surpasses Dot Com Levels” says one headline. There is another way of putting it: extreme euphoria. Zero Hedge
Want to see a crystal-clear picture of who has been helped the most by decades of trickle-down economics, who has gone nowhere and who has actually gone slightly downhill? Well, here you go:
It’s time for my semi-regular roundup of where the economy has gone since the last roundup, and … It’s a long line of devilish details
Let us speak of megabanks and global corporations, chicanery and swine, and speak of how the great have feasted in the troughs of trillions dumped out by the present administration, congress, and the Fed, for 2020 makes the bailouts of the Great Recession look like childhood snacks.
I have tried to be fair with Trump, taking down many of the big lies I have seen brought against him, but I hold him to the same standard of truth. His charges of fake news against the mainstream media could have changed things if he hadn’t told so many lies himself that he lost […]
![By Michiel from Amsterdam, The Netherlands (Be stupid @ Amsterdam) [Public domain or CC BY 2.0 (https://creativecommons.org/licenses/by/2.0)], via Wikimedia Commons](https://thegreatrecession.info/blog/wp-content/uploads/Be_stupid_@_Amsterdam-150x113.jpg)
Election night and the day that followed became one more exhibition of irrational exuberance in the stock market and an omen of chaos to come. Early on election night in the US, stock futures soared as soon as it looked to many investors like Donald Trump would have a clear claim to a second term […]
12 Their houses will be turned over to others,together with their fields and their wives,when I stretch out my handagainst those who live in the land,”declares the Lord.13 “From the least to the greatest,all are greedy for gain;prophets and priests alike,all practice deceit.14 They dress the wound of my peopleas though it were not serious.‘Peace, […]
Hillary was a liar and a crook. By all appearances her campaign paid for and instigated the Great Lie against Donald J. Trump. Her campaign’s fabricated documents cast an intentional shadow over his entire term, pegging him falsely as someone who collaborated with “the Russians.” We don’t know how much she knew about the document […]
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