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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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The Fed is Still Spiking the Inflation Punch Bowl, but the Party is in Recess Anyway

Sizzling inflation is not going away as drunken market revelers are hoping. This party bore, in fact, will be long outstaying her welcome. While the Fed once said it wanted some hot inflation on the scene, she arrived a lot hotter and has stayed a lot longer than Father Fed expected — now kind of […]

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US Economy Crashes Headlong into Recession!

Is it too extreme to say an annualized GDP growth number of minus 1.4% this quarter puts us in recession in this quarter, and is it too extreme to call that a “crash?” No, it is not in the least extreme, and I’ll tell you why, even though the standard definition of a recession is […]

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Inflation May Take the Food out of Your Mouth before it Goes Away

So much has happened with the rise of inflation and so much is continuing to crowd in behind the scenes on the production end that I believe we will see inflation burning hotter for longer in the months ahead. Those saying we are nearing peak inflation are as wrong as they were when they said […]

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The “No-Deal Deal” with China Turned out to be the “Never-Done Deal”

A new report by the conservative Peterson Institute for International Economics says, “China Was Never On Path to Meet ‘Phase 1’ Purchase Commitments.” The report confirms my claim in December, 2019, that Trump offered a fake Phase One deal because he had failed in his trade war and needed a win for his campaign.

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Federal Job Fakery Hits Peak Balderdash

The White House warned us the payrolls print would be low due to Omicron. Bank economists ranged from low to sub-basement negative numbers for today’s expected payroll print. Then the number came out massive beyond belief … and self-contradictory beyond belief as well.

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The Everything Bubble Bust Pt. 1: How Far Will the Stock Avalanche Fall?

Let me begin to describe the scale of the economic collapse that I believe has reasonable likelihood of happening without going all apocalyptic, as I could easily do if I started calling into mind geo-political crises, climate troubles and all that stuff. Let’s just stay with historic examples and forces in play right now and […]

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