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Why the Government Debt Crisis Will Blow up before we Even Get to Default

The Fed’s fight has become much more complex this month. Inflation is fighting back harder all of a sudden, while the US debt ceiling is putting bond markets and banks at considerable risk by driving bond yields up even faster than the Fed was doing. This extra thrust is happening just as the Fed was trying to end its rate increases and even as additional banks are poised to collapse from the already-high bond rates. The situation appears to be cascading into a nuclear market meltdown.

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QE or Not QE, That is the Question

The Fed, in consort with the FDIC and US Treasury, has created two new rescue programs that are rapidly inflating its balance sheet — the Bank Term Funding Program and a revised FDIC policy that covers all deposits at certain banks for any amount of money — sky is the limit — but only if […]

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Janet Yellen: Creature of Chaos

Just a handful of recent bank collapses with the help of Janet Yellen’s recent testimony in congress have spread shockwaves beneath the entire surface of global banking. Several publications are now joining in the harsh criticism I brought against Yellen …

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The Great Bond Bomb was Ticking So Loudly No One Could Hear it over its Own Noise

Now that the Big Bond Bust has happened, as promised here, everyone wants to know how it happened. I want to know how on earth so many of them didn’t know it was going to happen — especially those who were supposed to be watching for this … including the regulators who were actively causing it?

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CONTAGION: Terrorist Fed Wipes out Banks as Cryptocollapse Flushes through the System

It’s contagion all over the place already. So many are asking if the wipeout of two banks, including the nation’s 16th-largest, is a sign of contagion that the worries have caused US Treasurer Janet Yellen to assure the nation again and again that the banks are more solid than ever and that the Treasury …

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Panic in the STREET: One Bank Crashes, A Bigger One RUNS for its life then crashes, and Suddenly it’s Panic on Wall Street!

Just when you have figured out what you’re going to write about at the start of day, along comes major morning news that sweeps your plans away. Today, the news changed more quickly than I could write the introduction to this article. I had to rewrite it and the headline several times after I published the article!

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A Long Way to Fall: Stock Market’s Bottom is Hardly Even Within Sight

When several of the big money-driving voices in financial media and major financial institutions start saying the same thing I am, I start to wonder about myself. Or is it just becoming that obvious now? Some of the biggest names on Wall Street are now saying the stock market is delusional and is headed for a much deeper fall.

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While the Fed is Crushing Jobs, I’m Crunching Job Numbers, and They Are a Smashup Mashup!

What a mess of convoluted reporting and contradictory data we have to sort through as a result of the once-in-a-lifetime economic crisis the Fed’s profligate recovery plans and our crazed Covid lockdowns and other sundry problems have heaped upon us. Very few people understand the gravity of the situation because of the twists involved in […]

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Snow Job: Fed Admits Gov’t Job Estimates too High by Over 1-Million, which Means Serious Peril!

Having written that Powell’s Peril Lies in the Lanquishing Labor Market and that we are Fed up and Under-Fed All at the Same Time because Everyone Sings the “Strong Labor Market” Tune in Unison … and They’re All DEAD Wrong, I finally get some VINDICATION! Major vindication!

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I laid out a path of stepping stones for the Fed and stocks all year, and they couldn’t resist it every step of the way!

The languishing labor market has been the Fed’s path to peril, as I wrote yesterday in assessing how the Fed’s latest moves were perfectly predictable. I tried over the past year to lay out each step the Fed and the stock market would take together, and they followed those stepping stones like the Yellow Brick […]

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Powell’s Peril Lies in Lanquishing Labor Market

Fed Chair Jerome Powell did the best he could with the limited options the Fed has created for itself, and he said nothing unexpected. The Fed will continue its course at a slower rate of interest rate increases but raise interest to a higher level than it has thought it would have to all year […]

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MN Gordon: Are You Ready for the Coming U.S. Government Default?

The vast herd of investors are a deluded crowd.  Following the Federal Reserve’s much anticipated 75 basis point rate hike on Wednesday the major stock market indexes jumped upward. Then they fell. Now they’ve bolted back upward again. Their delirious….

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