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The Daily Doom: Economic News of the Great Collapse

SOME OF THE TOP STORIES IN TODAY’S ECONOMIC NEWS ON THE DAILY DOOM: You can read the above stories and a lot more that are all about today’s economic news in The Daily Doom either on the Substack site or by subscribing to receive each edition in your email. For The Daily Doom to continue, […]

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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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Protected: The Everything Bubble Bust Pt. 4: Housing

There is no excerpt because this is a protected post.

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Housing Prices Slide after Housing Sales Fall

Interestingly, you’re about to find out that the fall in housing prices and home sales may power us further into high inflation for longer. We are entering a situation that could turn into a true oxymoron where lower prices equal higher prices as early as this week at the Fed’s Federal Open Market Committee meeting. […]

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Protected: Is the Housing Market about to Top Out?

There is no excerpt because this is a protected post.

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Over-Fed but Malnourished

Is the inflation I’ve been writing about really all just transitory as Papa Powell claims it is? The Fed Head assures us he has this under control. Would that be just like Father Fed and friends had bank reserves under control right before the repo crisis blew up in late 2019? Or just like they […]

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With 2020 Hindsight, Where Does Housing Go from Here?

Things couldn’t be worse if you’re in the market for a house, except that they can be and probably will be. As it stands, you can probably buy this photographed “cosmetic” fixer for half a million if it’s in a modest neighborhood or a large city that everyone is fleeing. Housing prices rocketed to the […]

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Nothing to See Here, Folks. I Mean, Literally, NOTHING.

Every couple of months, I bring us up to date on how the economy has changed, and the last couple of month have taken us predictably back into economic decline, following a summer burst of subnormal passableness that never got us out of the crater we fell into last spring.

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The Upbeat Downbeat on Housing and Commercial Real Estate

I mentioned in a recent article that the weird thing about this recession is that it is the only one in which personal income has gone up during a recession. That, of course, is because of government assistance, which is making it so we don’t have to feel the pain of a recession that the […]

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Reading the Next Recession: Will the Great Recession 2.0 become The Great Depression II?

A journey in photos and facts to compare the present Great Recession with the past Great Depression to gain perspective on where we might be headed.

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Housing Collapse 2.0 Continues as Predicted Here … as does everything else!

The graph here shows the point at which I said early last summer housing sales had turned over (for the worst) and would remain on a downtrend indefinitely, and it shows how that prediction has panned out. Existing home sales were down again nationally (4.4%) in April (fourteenth month in a row of declining sales […]

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Two Down, One to Go, and the Fed is Stuck: My most important economic predictions have come in rock solid

Two of my biggest and longest-term predictions for 2018 and 2019 proved resoundingly true this week, and my sole prediction for this year — a prediction of recession bolder than anyone else’s — moved a big step closer to coming true. Prediction #1: The Fed will prove to have no exit plan from its recovery […]

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