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Stinking’ “Stonks” Got Smoked but the Pivotheads Still Have Some Catching Down to Do!

In a “thank-you Jesus” moment for those us us who are sick to death of the arrogance, greed, rigging, gambling, denial and freakin’ insanity of the US stock casino, the market pivotheads got a post-Halloween pounding of their hollow pumpkins into the dust of the earth at the end of today’s trading.

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A Peek at the Peak of Peak Stupidity in Stock-Market Euphoria

Today, I read an exasperating article on Zero Hedge. You can find it here in order to know what I’m carrying on about below: “10 reasons to be bullish“ I’m not saying that there is no chance of a big rally that becomes the defining characteristic of what happened to stocks on the way to […]

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The Fed Actually Reveals the Way its Own Delusional Thinking Works, and Why That Assures a Worse Crash!

I just came across an internal Fed staff document that shows what a mess their minds are. When you see how seriously they are misunderstanding this economy and the causes of inflation and how they are going to fight that inflation like Don Quixote jousting at windmills, you’ll realize there is no way they find […]

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The Train Wreck is Already Happening

Today the market paid back some of its delusional holdings. It has a lot more left to pay back. You see, the market believed the Fed all of last year when the Fed said inflation was transitory. Or, at least, market leaders sold the Fed’s narrative, accelerating us into a heck of wreck.

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Everyone Sings the “Strong Labor Market” Tune in Unison as the Band Plays on, and They’re All DEAD Wrong!

Everyone in financial media is singing in unison, and the song they are all singing is a recessional for the recession — a hymn or musical piece sung while making an exit. It’s an attempt to make the recession recede from view, to talk it out of existence, to convince everyone that what is, is […]

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All Aboard the Stupid Train – Energy, Climate, Voting & Immigration

California demands all new vehicles sold be electric/hybrid vehicles by 2035. Not to be outwoke by CA, Washington State is amping it up by demanding all light vehicles registered be fully electric by 2030! Yet, CA already has brownouts due to overpopulation and drought and wildfires, while Washington State is blowing up five dams that […]

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No Powell Pivot, So the Bear is Back!

Bear-market rallies are always built on delusions. A breath of hope returns to the dying bulls, and all the testosterone and adrenaline rushes to their veins. There is typically no rationality to it. It is pure sentiment, so the rallies are strong, unthinking, and vicious toward anyone who shorted the market, making shorting a dangerous […]

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Economists and Financial Analysts are Not the Brightest Fish in the Sewer System

The ability of humans to believe whatever lie they want to believe never comes in lower than I expect, but it sometimes manages to come in even higher. Nowhere has that been more transparently true than in economics where everyday I read people in the financial media who must surely have IQs somewhere above a […]

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America the Beautiful is Broken

The twaddle that comes out of the White House is deep right now. When our tottering president isn’t out enjoying a bike ride and falling down because Putin put gum in his stirrup so that he couldn’t get his foot out to steady himself, he is assembling a colorful team of Frisco-style professionals highly qualified […]

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The Real GDPig was a Whole Lot Uglier than it Looked!

That’s pretty ugly when you consider how ugly GDP looked at a growth rate (adjusted for inflation ) of -1.4%! Then that got kicked in the snout to -1.5%, but that’s not the half of how ugly it really was. What if it really was the first quarter of a covert recession? I am about […]

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Thirteen Major Fails: a Quick Rundown of our Rundown Economy

During the Roaring Twenties would anyone have believed you if you told them about the depression and the dust-bowl years that were soon to come? Would they have believed their celebratory excesses during such a “strong economy” could possibly leave them collapsing into the dustbin of history that followed?

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