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2022: The Year that Imploded … Bigly

This was the year where it seemed everything imploded. For the economy, it started with two quarters of receding GDP that everyone refused to call a recession. Whether you stand with the crowd on that or not, it was certainly not a good change and was certainly a collapse of the economy toward a smaller […]

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Protected: 2022: The Year that Imploded … Bigly

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A Peek at the Peak of Peak Stupidity in Stock-Market Euphoria

Today, I read an exasperating article on Zero Hedge. You can find it here in order to know what I’m carrying on about below: “10 reasons to be bullish“ I’m not saying that there is no chance of a big rally that becomes the defining characteristic of what happened to stocks on the way to […]

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The Fed Actually Reveals the Way its Own Delusional Thinking Works, and Why That Assures a Worse Crash!

I just came across an internal Fed staff document that shows what a mess their minds are. When you see how seriously they are misunderstanding this economy and the causes of inflation and how they are going to fight that inflation like Don Quixote jousting at windmills, you’ll realize there is no way they find […]

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Something Wicked This Way Comes!

From the intro to my last Patron Post: 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 [thus] would kill the economy, the bond market and stocks — when all of the following headlines hit on a single morning (as […]

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Bill Bonner: “A Very Slight Recession”

We are breathing a lot easier, how about you? We had been worrying that a devastating recession would plunge the US into  chaos… losses… and confusion… giving the Fed the smokescreen to go back to what it does best – causing inflation… and dooming Joe Biden and his fellow democrats to a single 4-year spell […]

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MN Gordon: Debt Markets Get Trampled

Anyone with half a brain knew there would be hell to pay for locking down the economy and simultaneously printing and spewing out trillions of dollars of confetti money.  The bill has finally come due…

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It’s Full Market Meltdown Mania and the Fire Truck Is on Fire

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 […]

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MN Gordon: Why Bonds Are Behaving Like Risky Assets

“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

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Down, Down, Down in a Burning Ring of Fire

The Dow plunged 686 points midday on Thursday and closed down 458, wiping out a large relief rally from the day before, and it went down for the key reason I laid out for understanding why the Fed will over-tighten and drive the economy into an extremely deep recession. A batch of economic data that […]

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Economic Predictions for H2 2022, Part 4: Zombies in Bondage and Their Broken Banksters

It all goes down in the same heap of rubble — zombie corporations and the junk bonds that are their sole life support and, piled on top, some of the banksters that funded them. Like a zombie apocalypse, it spreads around the world, taking out the weakest first but then the stronger players as the […]

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It Was Hell Week, and the Fed Can’t Handle the Heat

Jamie Dimon, CEO of JPMorgan Chase, set last week off with a fitting sour note when it was reported across the financial news, he had updated his weather report for the economy: I said there were storm clouds. But I’m going to change it. It’s a hurricane. Right now it’s kind of sunny, things are […]

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