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Devastating Damage from the Pandemic Is a Long Line of Bad News

It’s time for my semi-regular roundup of where the economy has gone since the last roundup, and … It’s a long line of devilish details

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The Great 2020 Bailout Bonanza

Let us speak of megabanks and global corporations, chicanery and swine, and speak of how the great have feasted in the troughs of trillions dumped out by the present administration, congress, and the Fed, for 2020 makes the bailouts of the Great Recession look like childhood snacks.

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Employment’s Recovery Road Comes to an End

Jobs didn’t get much worse in September, but they stopped getting better. This is a tale of where the recovery road for the US economy ended. Unemployment is the crux of the Covidcrisis economic story. While jobs showed a little improvement in September, a little digging through the numbers reveals the return to full employment […]

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Protected: Death of the Dollar: Economic Collapse Certain

There is no excerpt because this is a protected post.

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US Bankruptcies Busting Out to Match 2009 Peak Mean Trouble for Stock Market

Bloomberg reported this week that thirteen US companies (in the 50-million-plus size) filed for bankruptcy last week. That brought the total for the big boys and girls this year to 117, which matches the record peak for the first half of a year set in 2009. The slew of bankruptcies also set a record in […]

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Papa Powell Sees “Tremendous Human and Economic Hardship” (No V-Shaped Recovery)

Jerome Powell burst the stock market bubble by publicly acknowledging there will not likely be a “V”-shaped economic recovery. He indicated that it will take years for the economy to return to the recent levels … we experienced just a mere four months ago. —Seeking Alpha

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How to Invest in Oil and How NOT to Invest in Oil

With crude oil prices having gone negative, everyone and his sister is scrambling to figure out how to invest in oil and make bank where banks have failed: There must be a way to get someone to pay me to take oil off their hands so I can resell it when the world is normal again […]

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Wall Street Bulls Battle the Bears in Mother of All Recessions

FedMed proved dead awhile ago with the whole Bulls team looking dead on the field, until Team Trump, the owner’s club, joined Coach Powell. Then Powell’s coaching team upped its game; and, finally, the Wall Street Bulls revived. “Big deal!” the Bears now yell. “Let’s get back to playing ball!”

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When Will I Get My Stimulus Check?

You want your money. Bankers are already fighting for their part of it. If it takes conflict to make a good story, the banker part will get you; but first let’s cover the basics of what you have coming to you and when:

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Bailout BONUS Bonanza Going Bonkers … Again!

The banks that are begging for bailouts still cling to their bonuses. To terrorize us into letting them keep their bonuses, the banksters are threatening to release the button on their suicide vests and blow themselves up by not taking the bailouts if they can’t have their bonuses.

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Virus Impacts an Economy Already in Decline before the Crisis

The soup lines hadn’t formed yet. Jobs had not even noticeably started to dry up, but they weren’t as easy to find anymore. You had to be angry to quit without having a better job firmly in hand. Stocks were climbing furiously above an economy that had been slowly ebbing away since summer. Sales were […]

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The Bailout Bonanza is Back! (Pt 3: Boeing Goes Boing Like a Bad Check)

Boeing is a prime example of bailouts going bonkers. It flew to the government’s fuel pumps fast like a jet plane to beg the government for relief on the basis that the airline industry was disproportionately hit by something no one could see coming.

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The Bailout Bonanza is Back! (Pt 2: Hedge Hogs Demand More!)

The emphasis has to be on HOG as they squeal for corporate welfare and push their snouts into the trough. One hedge hog says the government needs to bail out all businesses by paying all wages so companies that depleted all cash don’t have to pay to retain all workers:

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Short Take on the Long Line to Recession

As stocks took a morning breather while I enjoyed my coffee and wrote down the first recession stats since the Coronacrisis, I came across a heart-ripping prediction from Goldman Sachs for this week once the data is in. It’s been a long line of facts to this recession, but the last step is a doozy!

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