Ron Insana, whom I’ve always thought was well named due to the funny way his brain works and the way he smiles even when nothing is happening, has just melded minds with Kudlow & Cramer to support a coronavirus war bond: My colleague, Jim Cramer, made a very interesting recommendation Monday morning, calling on the U.S. Treasury […]
In August of 2015 I started writing about The Great Recession 2.0 that was coming upon us. I called it “The Epocalypse” to signify an economic apocalypse that would be epic in scale and that would begin a new epoch on earth — a turbulent time of great global financial decline.
From Eurocrisis to Coronacrisis, the EU and Hungary fracture over national pandemic responses and civil-liberties. Hungary could be the next Brexit. European leaders see an existential threat to the Union as Hungary’s PM seizes full dictatorial power.
Today the bulls did it it again. This market remains deeply entrenched in denial, soaring even as unemployment soars higher toward the grand summits of the Great Depression and with certain knowledge that many jobs will not return.
You want your money. Bankers are already fighting for their part of it. If it takes conflict to make a good story, the banker part will get you; but first let’s cover the basics of what you have coming to you and when:
By its close yesterday, the market provided exactly the example of the head slamming I said bulls were going to get in the article I was writing all day yesterday because the “Stock Market Bulls are Delusional in Face of Great Depression.” Monday’s stampede proved how utterly disconnected from reality the market’s bulls remain, and […]
Monday was nothing but a dead-bull bounce … after bounce … after bounce, which means there is plenty of punishment to come. Pure testosterone drove the market’s rise, fed by nothing but the weak premise that New York’s drop in the coronavirus death rate for a single night meant the worst is behind us.
The banks that are begging for bailouts still cling to their bonuses. To terrorize us into letting them keep their bonuses, the banksters are threatening to release the button on their suicide vests and blow themselves up by not taking the bailouts if they can’t have their bonuses.
This week’s results in the Fed’s repo-market interventions in one fell swoop proved everything I’ve said about the Fed’s intervention being QE4ever and the problem’s cause. The following results show the repo market has been fixed: The instant the Fed returned to full-on, “we-now-call-it-QE” QE, the repo market settled right down to an easy calm.
But the good news is that we are now back to those days just before 1933. So, dust off the mattress, and take out your knife, because it’s time to slice open the mattress and create a depository. I call that their “slash and stash your cash” video because it alerts you to do the […]
The soup lines hadn’t formed yet. Jobs had not even noticeably started to dry up, but they weren’t as easy to find anymore. You had to be angry to quit without having a better job firmly in hand. Stocks were climbing furiously above an economy that had been slowly ebbing away since summer. Sales were […]
Boeing is a prime example of bailouts going bonkers. It flew to the government’s fuel pumps fast like a jet plane to beg the government for relief on the basis that the airline industry was disproportionately hit by something no one could see coming.
In just one month’s time, the Coronacrisis, as I’ve been calling it, or Coronapocalypse, as Zero Hedge is calling it, wiped out the entire Trump Rally all the way back to when he was elected. Not bad for a month’s work by a microscopic enemy ravaging the works of the Great One. This is why […]
I don’t like just preaching to the choir. So, as I work on articles on this site, part of my mission is also to comment on articles on permabull sites to vainly see if it is possible to pound some sense into them. While I know it is not, the following is an amazing example […]