Tag Archive
authoritarianism bank bailouts bank failures Bank of America Ben Bernanke bonds capitalism cashless society China coronacrisis cryptocurrency deficit spending Donald Trump economic bubble economic collapse economic crisis economic denial economic news articles economic predictions economic recovery epocalypse euro crisis European Union great depression Greek crisis Hillary Clinton housing bubble housing market collapse hyperinflation immigrant labor inflation Iran nuclear crisis national debt oil prices quantitative easing quantitative tightening Reaganomics recession recession v depression Russia stock market sustainable economics The Federal Reserve the Great Recession unemployment
Warning Signs of Recession in GDP and Especially its Components
A little virus and a big set of misguided responses to it are sinking the unsinkable world. While third-quarter GDP growth came in a little higher than the Atlanta Fed was predicting, it still came in below the consensus of economists, which averaged at 2.6%. The Bureau of Economic Analysis came out with 2.0%:
Lowdown on the Slowdown: Here’s a Short List of the Shortages
The shortages are stacking up like containers in LA, faster than one can process them into simple lists in articles. Here is the latest stack from headlines of major publishers. Big grocery starved, prices to skyrocket In Denver, public-school children are facing shortages of milk. In Chicago, a local market is running short of canned […]
BlackRock’s Bovine Foolishness, So Dense and Dark it’s Stunning!
BlackRock’s Jean Boivin just said there are not apparent signs of stagnation — just inflation. What Bovine foolishness: Prices have climbed around the world, with commodities prices surging and U.S. inflation hitting a 13-year high. It’s the first time since the 1970s that a supply shock is the main culprit. This is where the comparison […]
THE ECONOCRISIS (Part 2): Energy Shortages, Everything Shortages Assure Abundant Inflation and Stock Troubles
The energy crisis spills across the ocean And I’m not talking about the California spill. The budding energy crisis I wrote about last week is likely to explode globally this winter into a massive crisis, which is why it is already whipping up US markets. Within just a few days after I wrote that article, […]
THE ECONOCRISIS (Part 1): Mandate Madness is Multiplying our Troubles into Calamity
Storm clouds blanket the entire global economy right now. In the articles I’ve written over the last ten days, I reported extensively on the following prevailing winds that are assailing all economies, and in this article and the next, I’ll reveal how our governments are actively making them much worse:
Textbook Stagflation Rising Faster than Any Time Since IHS Began Tracking
Inflation is now rising faster than anything IHS Markit has ever seen in its Purchasing Manager’s Index, but it gets worse: It is not just cost outputs to consumers that are being passed along, but the rise in new input costs has also picked up pace. That means even higher price increases are building up […]
Why “Persistent Inflation” Will Become an Intense Fire Tornado, Greater Than the Fed Even Imagines
In my last article, I broke apart the arguments that are popularly used against my prediction that inflation will spiral up hotter than the Fed thinks and last longer. In this article, I lay out arguments that are being raised by others and myself for why inflation will run hotter, reaching higher for longer.
Inflation Rises Faster than the Fed Expected, Giving Fed Less Time Than it Needs
Economists — including those at the Fed — were surprised by inflation again. With their consensus view being that inflation for June would print at about a 4.7% increase year-on-year, inflation barreled in at 5%. That took us back to the kind of inflation we saw in 2009 when the economy and stocks were falling […]
Inflationary Rocket Train Accelerating Rapidly
We’ve now hit that critical juncture when price inflation is picking up momentum quickly. So, it is time I reveal the many areas were high inflation is starting to show up and as well as demonstrate the fuel source that will drive it up even more in the near future.
The Great Reset: Leaning into 2021 Money Storm
The big talk among economists and central banksters and some politicians in 2020 has shifted toward how the Coronacrisis will (or “must”) result in a global financial/social reset. I’ve said for years we can anticipate central bank digital currencies (even before that term existed) to happen in conjunction with a global financial reset. Now we […]
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
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.