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A Week in the Life of a Topsy-Turvy Wildly Whirling World
Let’s review this past devilishly whacky week to see if we can divine the way the world is turning and why the markets are churning. It was 2019’s worst week in stocks and, well, just about everything economic all across this crazily spinning planet. Volatility lifted its head back out of the water like Loch […]
2019 Economic Headwinds Look Like Storm of the Century
2018 was the year Wall Street was wrong about everything. You can trust your stock broker if you want, but 2018 doesn’t give much confidence in her ability to stop talking her book and start talking straight. However, this overview of global economic headwinds — greater in number and more severe than I can ever […]
The Economy is Cracking Up. Are You?
Economic cracks big enough to drive a car industry into are opening up all over the globe. Trade gaps are opening up between major allies. Widening spreads between the dollar and other currencies are shredding emerging markets. As we start into summer, these cracks and several others described below have become big enough to get […]
Groundhog Day Drives Stock Market 666 Points Below Ground: What that says about the frosty season ahead
I’m pretty sure the nation’s favorite groundhog, Punxsutawney Phil, knows more about the weather than he does about markets, and I’m not all that sure he knows anything about the weather! In fact, I don’t understand the underground methods of this rodent resident of Gobbler’s Knob at all. It would seem to me that sighting […]
List of Seven Troubles Assailing the US Economy as We Head into Summer
The following is not simply a list of negative risks to the economy but a list of of serious economic conditions that are already placing drought-like pressures on the overall economy. This list doesn’t include the long-term structural problems with the economy, such as its high debt burden, but just the forces that have risen against it this year.
You Got Trumped! The Donald’s personal military revolution is just Trump change
Nowhere has Donald Trump matched up with the original story of the Trojan horse more than in his overtures of peace, instead of military conflict. Nowhere has Trump changed more than in these same issues. Candidate Trump frequently persuaded his supporters to believe he would build more peaceful and cooperative relations with Russia and ridiculed the regime-change efforts of Hillary’s […]
Krunch Time for Korean Krackpot Despot, Kim Jong-Un: Missile Crisis Countdown Has Begun
The Korean missile crisis has never been hotter. Trump is turning the screws on everyone to force action. China, Japan, and South Korea join in threatening Kim Jong-un with imminent war, but North Korea’s crackpot despot isn’t backing down. Trump has dispatched war ships, including the USS Carl Vinson, to North Korea as North Korea continues to show signs that […]
2017 Economic Forecast: Global Headwinds Look Like Mother of All Storms
Headwinds that are starting to assail deep structural flaws in the US and global economies form the basis for my 2017 economic forecast, which looks like an all-out economic crisis building throughout the world. Some of these headwinds are global; some more locally focused within the United States, but that which brings down the US economy wounds the world anyway. […]
2016 Stock Market off to a Stumbling Start, Some See Omen
As investors cried, “Good riddance to 2015, a terrible year for stocks,” 2016 decided to start out worse. The Chinese stock market got the dry heaves again, and the rest of the world’s markets got sea sick. Stock-market superstition says, “As goes the first day, so goes the year.” Let’s check that out. The […]
China’s & Russia’s Currency War on the Dollar
About a year ago, I said the Chinese economy would not crash, but that it would come in for a controlled landing as Beijing sought to lower it to a target of 7% growth — still excellent growth. So, there’s one I appear to have gotten wrong, given that China is starting to look like a train wreck. At […]
Bursting Bubbles: China’s Bubble Burst, What Next?
Bubble, bubble, we’ve got trouble. China’s market turned to rubble. Wonder, wonder who comes next? Burst your bubble; read this text. U.S. stock market’s hot-air balloon ride has already ended With China’s bubble burst, you might want to re-examine the U.S. stock market if you have ever enjoined the illusion that the market’s growth […]
The Great Global Economic Trainwreck
Granted, global economic collapse can’t be declared as a fact yet, but train wrecks take time. A train doesn’t just crash like a car; it keeps crashing, piling car upon car, banging, tearing out trees, bending steel, plowing up rails, smashing buildings … until all the momentum is finally exhausted to the last squeak. It didn’t take […]
