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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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The Daily Doom: Economic News of the Great Collapse

TOP STORIES IN TODAY’S ECONOMIC NEWS: Dow tumbled 686 points mid-day as relief rally from Bank of England died … This Looks a Lot Like the Dot-Com Bust with One Big Difference — Inflation … Signs Are Pointing Toward Equities Panic … BofA Strategists See Wall Street Rout Forcing Asset Sales … Inflation accelerated even […]

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Charles Hugh Smith: Why This Recession Is Different

This time is different because we face structural dynamics that won’t go away in a few months or even years. This time is worse than anything we’ve ever faced in, at least, sixty years … maybe even worse than that…. by Charles Hugh Smith on Of Two Minds: Let’s explore what’s different now compared to […]

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While Inflation and Fear of the Fed Buried Markets, Deeper Troubles Will Soon be Revealed

Monday’s financial news was filled with fantasies about how Tuesday’s CPI report would be as boring for the stock market as watching the paint dry on Fed QT, but all that falderal didn’t even age one day without putrefying to a level of rancidness that would curl the nose hairs of most investors by Tuesday […]

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James Howard Kunstler: Uncertainty rules our slide into the dark half of the year

There will be a Great Re-set, of course, but it’s not exactly the one that Western Civ is blabbering about — a mere shuffling of political and financial protocols. It’s happening with or without “Joe Biden,” the EU, and der Hoch Schwabenklaus, though the aggregate stupidity they represent is surely making the entry process worse.

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Economic Predictions for H2 2022, Part 5: The Everything Bubble Bursts into Pieces

To many economists, saying we are going into an economic crash would be a prediction because over eighty percent of economists do not believe we are even in a recession right now, much less a total economic collapse. To me, on the other hand, saying we’re entering an economic collapse is not a prediction at […]

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Tim Morgan: Money and the End of Abundance

While I think the author of the following article places too much emphasis on oil, coal and gas shortages and costs as the primary cause of our economic decline, energy of all kinds (including hydro, nuclear, etc.) clearly plays a major role, so I think the article presents realistic concerns about the impact declining availability […]

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Jim Quinn: Fading Smile of a Dying Empire

“All that is human must retrograde if it does not advance.” – Edward Gibbon “Woe, destruction, ruin, and decay; the worst is death and death will have his day.” – William Shakespeare, Richard II

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Brandon Smith: Supply Chain Problems Will Persist Because The System Is Being Sabotaged

The American people are being put in great danger by the false narrative on inflation and supply chains. The longer they’re led to believe the disaster will go away on its own, the less time they have to prepare. We’re facing a large and semi-chaotic disaster where people will be threatened with the loss of necessities like food […]

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Chris Hedges: We Are Not the First Civilization to Collapse, But We Will Probably Be the Last

Within site of the US metropolis known as St. Louis, in its own stage of advanced decline, lie the ruins of a former great city that fell into decline just like St. Louis is doing today. The gradual decline of that ancient city into total collapse played out before any Europeans set foot on what […]

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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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