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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 […]

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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 […]

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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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Bill Blain: Central banks, inflation and recession are the visible risks, but what if we are looking at all the wrong things?

“Look not to the Sword waving around to your front, but the Stiletto threatening your kidneys….” Everyone is balancing inflation and economic numbers. What if we are looking at the wrong things – and economic divergence, income and wealth inequality and unravelling domestic politics are the critical factors? 

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Economic Predictions for H2 2022, Part 1: This is not Your Father’s Inflation

The following is the first part of a broad overview of the major trends I believe are going to be the dominant stories for the rest of the year with my own projections for where these stories are going. This first part covers what I believe is going to happen (in broad terms) my prediction […]

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A Storm of Indicators Show the US Consumer Is Tapped Out

Zero Hedge lays out the widespread dishonesty (or lame stupidity) in mainstream financial media when glibly reporting things like sales increases as if they are actually positive during times when inflation is the sole reason for the rise in sales (because sales are measured in dollars and prices are soaring). While I’ll note that ZH […]

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MN Gordon: Paying the Price for Krugman’s Terrible Mistake

Clear economic thinking and lucid communication via the written word tumbled out of fashion nearly 100 years ago.  The fall from grace was triggered by the 1936 publication of John Maynard Keynes’ The General Theory of Employment, Interest and Money. Not only is the book rigorously indecipherable.  It also has the ill-effect of making those who […]

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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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It Was Hell Week, and the Fed Can’t Handle the Heat

Jamie Dimon, CEO of JPMorgan Chase, set last week off with a fitting sour note when it was reported across the financial news, he had updated his weather report for the economy: I said there were storm clouds. But I’m going to change it. It’s a hurricane. Right now it’s kind of sunny, things are […]

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THE INFLATION MONSTER: It’s Much Worse than we Thought … but Wait until this Little Monster Grows Up!

We could all be on the cusp of the most deadly inflation the world has ever experienced, due to a unique setup of global forces that have the power to accelerate that into happening in a surprisingly short amount of time. I’m going to tell you how that could happen more quickly than anyone appears […]

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The Retail Apocalypse was Bloodier than it Looked

Retail was a bloody mess! But revenue looked pretty good … considering! So, what was all the red about, and why all the screaming on the stock exchange? Some of the biggest retail stocks got butchered after reporting higher revenue. Hold it! That doesn’t make sense. Why were corporate owners running out of their stores […]

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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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