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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, […]
Jeffrey A. Tucker: Maybe the Fed Too Was Trolled
The Federal Reserve – and central banks the world over – played a crucial role in making lockdowns possible and weaponizing the panic of politicians. As the lender of last resort and the provider of liquidity for the entire federal government, it removes normal fiscal restraint. It writes checks that cannot bounce to fuel governments in […]
MN Gordon: Death to Zombies
On Thursday, the Bureau of Labor Statistics reported that consumer prices, as measured by the consumer price index (CPI), inflated at an annual rate of 7.7 percent in October. Investors went bananas on this apparent pullback in the headline CPI…
David Stockman: What History Tells Us About Taming Inflation
Historic precedent tells us high inflation like we have now is darn hard to beat down. Jerome Powell also just told everyone it is so hard to beat down that the Fed hasn’t even seen what it would consider a “dent” in inflation in all of its months of trying. How big is the battle […]
GDP Stands for One “GROSS Domestic Pig” During Election Season
President Bidin’-his-Time just got a little reprieve delivered right in time for the upcoming election, and it looks like we’re all having pork for Thanksgiving this year, not turkey. His government served up a nice GDP-growth surprise that came in below the Atlanta Fed’s final GDPNow estimate of 3.1% at 2.6%, but still a solid-looking […]
Lance Roberts: Fed Rate Hikes Approaching The “Breaking Point”
Well, it’s now official: Inflation did become the hottest news of 2022 as predicted in 2021: “Inflation Becomes The Leading Global Concern In 2022.” The next step in the forecast was that the Fed greatly over tightens because it doesn’t realize we’re already in a recession, and here is proof step-two is nearly complete:
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.
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 […]
Jeffrey Tucker: A World on Fire
Every day, news reporters, traders, and workers of all sorts the world over wake to do their work as they always have. Part of that requires that everyone pretend that life is normal, fixable, and more or less stable. All of this is temporary. It will come and go and really not be that bad. […]
Charles Hugh Smith: Why This Recession Is Different
This time is different because we face structural dynamics that won’t go away in a few months or even years. This time is worse than anything we’ve ever faced in, at least, sixty years … maybe even worse than that…. by Charles Hugh Smith on Of Two Minds: Let’s explore what’s different now compared to […]
While Inflation and Fear of the Fed Buried Markets, Deeper Troubles Will Soon be Revealed
Monday’s financial news was filled with fantasies about how Tuesday’s CPI report would be as boring for the stock market as watching the paint dry on Fed QT, but all that falderal didn’t even age one day without putrefying to a level of rancidness that would curl the nose hairs of most investors by Tuesday […]
MN Gordon: Have We Entered the New Dark Ages?
Everyone seems to be caught in the same dark delusion, as I will be describing and explaining in this weekend’s Patron Post. MN Gordon also sees the foolishness and describes it as “the new dark ages,” an age of unreason where people fail to see the obvious due to the oblivious who tell them the […]
