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The Whacky Wonderland of Sovereign Debtors and their Central Banksters
Before delving further into the schemes of central banksters for saving their debt-addicted sovereigns from monsters the banksters created in their own laboratories, I thought it might be helpful to present an overview of just how wild their brave new world has become.
Why are Bonds Going for Broke?
One argument for last week’s extraordinary plunge in bond prices, which I explored as something that might happen this time of year in one of my earlier Premium Posts, was that bond prices could get crushed by the supersized US treasury auctions planned for September and October as the government makes up for its inability […]
How’s That Recession Coming, Dave?
Pretty good if you ask me. Most economic indicators this year have moved relentlessly in the direction of recession, and now the Cass Freight Index is saying a US recession may start in the 3rd quarter, fitting up nicely to my prediction that we would be entering recession this summer.
And That’s How it All Came Down
On June 12, I wrote, The market is moving into waiting mode as the Fed’s next FOMC meeting where they have the opportunity to live up to the rate-cutting hopes they’ve raised come next week. As it does, it is forming that topping pattern that keeps repeating at this level. “Frothy Bubbles Make Me Whine“ […]
Reading the Next Recession: Will the Great Recession 2.0 become The Great Depression II?
A journey in photos and facts to compare the present Great Recession with the past Great Depression to gain perspective on where we might be headed.
The Drip, Drip, Drip of Recession
News of significant recessionary drops in the US became as relentless this past week as the ping, ping, pang of drips from a leaking ceiling hitting pans in the New York Stock Exchange. I’ve been saying you would hear the sounds of recession everywhere as soon as the second-quarter earnings reporting season began this summer. […]
A Long Shadow Creeps over the Economy This Summer
It’s time to turn around and see the darkness that the Fed sees looming over you. Earnings season is already extending signs of recession with the first corporate reports coming in far darker than expectations that were already twilight dim in FactSet’s estimations, which pegged earnings as likely to show a 2% contraction.
Chairman Powell Moves toward my Recession Prediction and Helps Trump Trade War
The bears that are gathering will soon enough be picking flesh off the sun-bleached bones of this market. Even the Fed Chair, who usually does all he can can to avoid dismal pictures and to sound optimistic, is finally talking downcast about the US economy.
Credit Crisis Cruising Toward Collapse
While this is not an article about the US national debt, one cannot comprehend the overall scale of US debt crisis without also including the world’s largest elephant in the room. Here stands the largest debt the world has ever known, growing faster than any debt has ever grown. It dwarfs the entire combined value […]
The Great Recovery Rewind: How the Federal Reserve’s Balance-Sheet Unwind is Unwinding Recovery
We are in the end time of an unprecedented era of financial expansion — the greatest expansion of the world’s money supply ever attempted, expansion of the Federal Reserve’s vast and unchecked powers far beyond what the Fed could do before the financial crisis, and super-sizing expansion of banks that were already way too big […]
Book Review: The Permanent Portfolio: Harry Browne’s Long-Term Investment Strategy
One of my readers, Peter Wang, was interested in publishing a few book reviews. This particular book tells you how to invest in bonds. While I’m not making any recommendation for or against bonds, I’ve written a lot about bonds in the last week, and that may have gotten some readers wondering how to actually […]
Federal Reserve Confesses Sole Responsibility for All Recessions
In a surprisingly candid admission, two former Federal Reserve chairs have stated that the Federal Reserve alone is responsible for creating all recessions in the United States. First, former Fed Chair Ben Bernanke said that Expansions don’t die of old age. They get murdered. MarketWatch To clarify this statement, former Chair Janet Yellen placed the […]
