The Daily Doom: Economic News of the Great Collapse

Top stories in today’s economic news:

UK Economy Shrinks in 2nd Quarter, Sharpening Recession Fear … Compass Prepares for 25% Downturn in Housing Market, Plans Serious Cost Cutting … “Worst I’ve Ever Seen”: Cotton Prices Soar After Historic USDA Cut in Production Estimates Due to Megadrought … Tensions grow over shrinking Colorado River …

Daily economic news to keep you "mad as hell"
Economic news these days may make you yell, “I’m mad as hell and not going to take it anymore,” so read at your own risk

First, you must see the problems … before you can correct the problems … if you are ever going to escape the problems. A great economic and social collapse is happening all over the world right now, and this is where you’ll find a concentration of the news that covers it all…

The following selection of primarily economic news is updated every weekday:

Economica (stocks in bondage, bonds in the stockade, market madness, etc.)

8/16 AM

Goldman sees a ‘feasible but difficult path’ for the Fed to defeat inflation without a recession

US junk bond market in powerful rebound on easing inflation worries

UK Economy Shrinks in 2nd Quarter, Sharpening Recession Fear

8/15 PM

‘Big Short’ investor Michael Burry dumps stock portfolio after market crash warnings

Recession Back On: NY Fed Manufacturing Unexpectedly Craters In 2nd Biggest Drop On Record

“The Next Leg Lower Is Coming”: Mike Wilson Says Stocks Have Already Discounted The Fed Pivot Which Is Probably Not Even Coming

8/15 AM

Every Wall St Trend Goes Haywire as Stock Bears Crushed…

Stock futures fall on slowing China economy concern, following 4 straight weeks of S&P gains

Motor City is moving south as EVs change the automotive industry

Ultra-rich fueling sales of luxury brands despite inflation and recession fears

New York Manufacturing Plunges by Second-Most in Data to 2001

China Factory Orders Drop in Ominous Sign for Global Outlook

In pictures: South America’s ‘lithium fields’ reveal the dark side of our electric future

Danny Moses: Market Setting up for Shorts

Housing Bubble Collapse 2.0 (including commercial & global real estate)

8/16 AM

Real-Esate Broker and Tech Co. Compass Prepares for 25% Downturn in Housing Market, Plans Serious Cost Cutting

8/15 PM

David Stockman: The Reason Home Affordability Just Hit A 33-Year Low

“Housing Recession”: NAHB. Homebuilders Cut Prices as Traffic of Prospective New-House Buyers Plunges, Cancellations Spike

New Vehicle Inventory Dips, Near Record Low. Average prices jump relentlessly from record to record.

Homebuilder Confidence Plummets For 8th Consecutive Month, Worst Slump Since 2007 Crash

8/15 AM

Homebuilders say U.S. is in a ‘housing recession’ as sentiment turns negative

Chinese developers in ‘survival mode’ slash property investment

‘No One Immune’ Amid China Property Turmoil, JPMorgan Says

Here’s where China’s real estate troubles could spill over

Money Matters (monetary policy, PMs, cryptos & currency wars)

8/16 AM

Voyager customer lost $1 million saved over 24 years and is one of many now desperate to recoup funds

8/15 PM

China Dumped More USTs In June in longest run ever and to its lowest level of holdings since 2010

Zimbabwe Hails Success Of Gold Coin Issuance – Lower Denominations Coming

8/15 AM

The Crypto Geniuses Who Vaporized Trillion Dollars…

Mark Cuban Sued for Allegedly Promoting Crypto ‘Ponzi Scheme’

Famished & Enflamed (sanctions, shortages, droughts, famines & fires)

8/16 AM

Tensions grow over lack of a water deal for the shrinking Colorado River

‘Floundering, not drowning’: Russia’s economy is withstanding sanctions onslaught — for now

California lawmakers float legislation to keep Diablo Canyon nuclear plant open

“Worst I’ve Ever Seen”: Cotton Prices Soar After Historic USDA Cut in Production Estimates Due to Megadrought

Europe’s Nuclear & Hydropower Falter With Droughts

Monsoon Rainfall Waterlogs Vegas, While Pacific Northwest Braces For Heat Dome

8:15 PM

A Horrifying Drought Is Causing Widespread Crop Failures Throughout The United States And Europe

Shocking Footage Reveals Rhine’s Dried Up Riverbeds As Water Levels Continue To Fall

Brace For Egg Shortages As Global Food Production Is Being Hit By Major Crisis After Major Crisis

8/15 AM

Government cover-up: Poland’s second longest river, the Oder, has just died from toxic pollution – Mercury levels beyond imagination – 10 tons of fish dead

Spaghetti sauce under threat as water crisis slams tomatoes…

Deadline looms for drought-stricken states to cut water use

Rivers in multiple Chinese provinces dry up due to persistent high temperatures, much less rainfalls

China’s Yangtze river shrinks as heatwave, drought threaten crops

Aramco Stands Ready To Boost Oil Output To 12 Million Bpd

Why Solar Power Is Failing Amid Record-Breaking Heat

Overinflated (from too much money chasing too few goods)

8/16 AM

UK Average Electricity Cost Will Soar to $5,370 Per Year By 2023

8:15 PM

Or overinflated from chasing too much food: The ‘Super Fat’ Social Justice Hierarchy

“It’s Time To Fasten Our Seat Belts”

8/15 AM

Soaring natural gas and electricity prices are starting to hit US industry, and plants are being forced to shut down because of it, sending thousands of workers into unemployment.

Why Labor Productivity Has Collapsed and Economic Decline Will Follow

War, Cyberwar & Civil Conflicts

8/16 AM

Russia Preparing ‘Massive Missile Attack’ on Ukraine From Belarus

8/15 PM

Beijing Starts More Live Fire Drills Around Taiwan To Protest Democratic Senator Markey’s Visit

8/15 AM

‘Absolute evil’: inside the Russian prison camp where dozens of Ukrainians burned to death

Exiled Russian oligarch says Putin doesn’t just want to annex Ukraine anymore, he’s trying to ‘destroy’ it

Mikhail Gorbachev is dismayed to see his life’s work ‘destroyed’ by Putin as Russia descends into military aggression
Ukraine says it will target Russian soldiers at Zaporizhzhia nuclear power plant

Surge in EU exports to Russia

Politics & Social Decay

8/15 PM

Ray Epps’s Odd Tale: Epps Told FBI He Expected a Bomb Attack Near the Capitol on January 6, Documents Show

FBI search of Mar-a-Lago raises critical national security questions: Sources

Trump warns DOJ ‘terrible things are going to happen’ if it doesn’t cool things down

The Atlantic Smears Catholics, Claims Rosary Is ‘Extremist’ Sign of Hate in Vile Hit Piece on Faith

Minneapolis Will Fire ‘White Teachers’ First

Arizona ‘Has Had Enough,’ Starts Stacking Shipping Containers in Border Wall Gaps

8/15 AM

The rise and fall of Alex Jones: ‘He has done more to further the cause of hate in the US than almost anyone’

Trump sent cryptic message to Merrick Garland before warrant was unsealed: ‘The country is on fire. What can I do to reduce the heat?’

Trump’s Shifting Explanations Follow a Familiar Playbook

Liz Cheney’s political life is likely ending — and just beginning

Dominion Defamation suit about election falsehoods puts Fox on its heels

House GOP To Issue Scathing Report About Biden’s Afghanistan Withdrawal

8/12 PM

New York judge rules criminal case against the Trump Organization and former CFO Allen Weisselberg can proceed

EXCLUSIVE: Warrant and Property Receipt from Mar-a-Lago Raid

FBI search warrant shows Trump under investigation for potential obstruction of justice, Espionage Act violations

House Democrats Pass Inflation Reduction Act, Sending It To Biden’s Desk

Polls Show That A Majority Of Americans Now Worried About Biden’s Mental Health

8/12 AM

FBI searched Trump’s home to look for nuclear documents

America’s tribes are ready for war

Violent rhetoric soars…

Parents, guardians had a lot to say about Hanover Virginia’s proposed transgender bathroom policy

Authoritarianism: Globalism, Climate Control & Censorship

8/16 AM

Judge Rules Twitter Must Turn Over Hidden Documents to Elon Musk (Who Oirignally Wanted to Buy Twitter to End its Censorship)

CIA, Pompeo Sued For Spying On Attorneys, Journalists Who Met With Assange (D.)

White House pressured Twitter to ban journalist months before it caved, messages suggest

MSNBC contributor, ex-spy chief hint Trump deserves execution over classified records dispute

WEF 2022 Guest Speaker Yuval Noah Harari describes replacement of human race by AI in “The rise of the useless class”

WEF Speaker and Author Inbal Goldberger proposes method of improving AI’s ability to filter child abuse, extremism, disinformation, hate speech and fraud from internet

A Pox Upon Us (the plagues & pandemic policing of the 2020’s)

8/16 AM

First Dog To Catch Monkeypox “Shared a Bed” With Infected Gay Couple

Biden’s Paxlovid Nightmare Exposes the Need to Make Doctors Great Again

8/15 PM

“Covid Is Here to Stay,” CDC Concedes After Two Years Of Orwellian Hysteria

Study Shows Covid Vaccine Can Modify DNA…

8/15 AM

Alarming Study Finds 15% of American Adults Diagnosed With Serious Conditions After Covid Vaccine

Hainan Covid Cases Hold Above 1,000 as Stranded Tourists Protest

Off-the-Beat or Just Plain Offbeat News

8/15 AM

Incredible video of fire tornado…

8/12 PM

Heche Dead at 53…

8/12 AM

Why Do Octopuses Torture and Eat Themselves After Mating?

Creative Collapse (cartoons, humor & other creative expressions)

Russell Brand: What Is Going On With Media Coverage of Trump Raid?

JP Sears: What is a Recession?

Hunter Biden Breathes Sigh Of Relief

We’re not in a recession

Infographic: Trump v Biden accomplishments

Guy Who Started Two Wars Calls For Civility

Biden: ‘I Don’t Know If We’re In A Recession

This new daily economic news section will be updated every weekday morning by 8:00 PDT to present the most interesting stories I come across about the collapse of the Everything Bubble and other economic and socio-political trends you should be aware of with a smaller update in the late afternoon to catch up on the day.

During the week, I’m going to collect the best commentary articles I come across and set those up to post at 5:00 AM PDT on Saturday and Sunday morning as feature articles from guest contributors so you have some content while I take the weekend off from posting news– being a one-man show. 🙂 You’ll find those feature articles on my home page. (You can tell which articles are mine and which are guest articles by noting whether it says “By David Haggith” or “By Guest Contributor” immediately under the headline. Economic news tends to be slow on weekends anyway when the administrative side of most businesses is shut down as are most government departments, central banks and financial institutions, so this will give you something to read during the slow-news part of the week.

These changes are an expansion of The Great Recession Blog to make it more than a personal blog, and this section of mostly economic news above is part of that expansion, intended to make sure you have solid content available here everyday, so I hope you’ll make it your favorite news source. The blog will, of course, continue to include my own articles on economics, though they may cover a wider range of topics related to these times where even the mainstream news now feels apocalyptic on an almost daily basis.

When I first started The Great Recession Blog, I included an economic-news headlines section, but it took a lot of time that I didn’t have because I had a regular full-time career. As a result of being terminated for refusing the Covid vaccines, I have finally decided to “semi-retire” by going to full-time writing, which means working just as many hours but doing what I love. If necessary, I’ll take my social-security pension early, though I hope not to have to do that. That gives me time to create a daily news headlines section here.

I do a lot of reading early in the morning (starting at 5:00 PDT) as I do research for my own economic-news-related articles, so I’ve decided to pull together a list of the most interesting or trend-setting articles I come. This page will be like the Drudge Report but focused on economic news and other socio-political aspects of the collapse of the Everything Bubble in these times of turmoil.

For those particularly interested in economic news, it will hopefully be better than the Drudge Report in that it will be organized into sub-topics so you can go directly to those aspects of the present collapse that most interest you, and each addition of headlines will be dated so you can more readily tell the new from yesterday’s news than you can on Drudge. Also, better than Drudge, none of the articles I list refer to sites that have a pay wall or require you to sign on to a membership. In rare exceptions, I may post an article of that kind because the headline alone is so important as breaking news not available elsewhere or because the intro says it all or because the article starts with a video you can watch without paying for a subscription. Basically, I stay with what is free. Most of all, the focus will be tighter — on the economic collapse and societal collapse that is happening around us.

Because an unusually dense mass of dark clouds is spreading everywhere now — such as war, world-wide shortages, civil unrest, pandemic authoritarianism, freak weather, droughts, wildfires, scorching inflation, etc. — I’ve decided to name this news section “The Daily Doom.” If you personally feel that is too dark of a focus, please let me know in the comments section below as I try to ascertain what readers here really want. You can see from the categories above where I am going with this at present. I would like your input on these changes.

I am also considering launching a whole new site to supersede this one just because the name for this site, The Great Recession Blog, was chosen back when the Great Recession was the biggest news of the day, and I never anticipated the site to run this long. The name may now be dated and less meaningful to people. It is also now more than a personal blog, and the “.info” domain root, which was all that was available for this site name at the time, is usually identified with spam and not taken seriously. So, it may be time for a major upgrade.

Before I move forward with that idea in the months ahead, I’d like to seek your opinion in the comments below and particularly seek input from my patrons in the articles I post on my Patreon page. If I do move forward with a different site, I will, of course post that information prominently at the top of my home page with a link to the new site. A new site COULD be a little broader than just economics, such as having a section for more spiritually oriented content during the tough times ahead for those interested in that sort of thing, but it would, in that case, still be focused toward the serious economic, political, and social conflicts that are increasingly plaguing our world, as I listed in an article titled “An Apocalypse Upon Us: How much more can we take?

As always (with me), the headlines I list in the section above focus on articles that are most clearly fact-based, not conspiracy based, because in a world where so much has been going crazy, the regular news is stranger than some conspiracy theories anyway. The hard news since 2020 is wild and wacky enough. (Though I may let a few of the conspiracy-theories slip through on purpose if I think they just might have enough to them to be worth thinking about because sometimes the things regarded as conspiracy turn out to be true. For example, think about what you hear Klaus Schwab, founder and leader of the World Economic Forum, stating publicly now with no shame. That stuff, which used to be relegated to Bilderberg/Tri-lateral Commission/Davos conspiracy theories, is now normal daily news.)

“The Daily Doom” may feature headlines on opposite sides of a story sometimes. Remember, I am an equal-opportunity critic of Democrats and Republicans. No one party is safe from the laser of truth (or intended pursuit of truth anyway) or lampooning and sarcasm … always. (A little humor helps lighten the epocalypse (my word for this economic apocalypse that is epoch in scale); and, as far as I am concerned, both parties have only made the economic news of collapse more abundant and certain, as each party serves party power over country most of the time and wealthy corporate donors over average voters almost all of the time.)

Some of these articles wind up being news or commentary you’ll see me quoting later in my own articles. Some may present counter views to my own view just for perspective and because I always try to read things I disagree with; but they will mostly focus through the lens of which stories I believe cover the trends you most need to be aware of. A few articles toward the bottom of this list are totally off-topic but are things I came across and just found so interesting or weirdly strange that I had to share them, even though they are not related to economic news at all (“Off-the-Beat or Just Plain Offbeat News”), and the final section is on the topic of economic collapse but just for fun (“Creative Collapse”) to lighten the mood back up because we can all use that.

I’ll keep this page pinned to the top of my home page so you can readily find the updates each weekday morning. The rest of my own articles will appear in chronological order as usual on my home page below this post. I’ll also list a few of the most important headlines at the top so they show up on the home-page excerpt to make it easier for you to see if there is something of interest.

Please do provide your feedback in the comments below as to what you value most or dislike most and how you feel about “The Daily Doom” as the title of this new feature or let me know what kinds of economic news mean the most to you. If certain trends emerge, I may focus more in that direction.

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