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The longer US unemployment rises due to our response to coronavirus, the greater our depression, whether mental or economic, even to the point of another Great Depression. Suicides increased during the Great Depression. Suicide mortality peaked with unemployment, in the most recessionary years. The great despair of the Great Depression and increased suicide rates were due […]
U.S. first-quarter GDP plunged profoundly negative, but real GDP would have crashed even harder if not for bogus BEA data revisions. According to the Bureau of Economic Analysis (BEA), the U.S. economy contracted 4.8% annually in the March quarter. Stocks soared on the news for two apparent reasons. First, many media outlets immediately reported the number as +4.8% […]
Four years after the following lead-in article to my Epocalypse series was written, it is coming true before your eyes. Some of it came true right after it was written. Most is happening now. You can see the events it describes overtaking us in all the ways it laid out, and you can go back […]
Monday was nothing but a dead-bull bounce … after bounce … after bounce, which means there is plenty of punishment to come. Pure testosterone drove the market’s rise, fed by nothing but the weak premise that New York’s drop in the coronavirus death rate for a single night meant the worst is behind us.
Protected: Flying Upside Down over Wonderland in a Cold-Air Balloon about to Burst: Welcome to Negative Interest in Bond Bubbleland
There is no excerpt because this is a protected post.
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.
Is the US economy collapsing into the Epocalypse that I predicted would start to show up as large cracks in the economy last summer? The initial damage that I forecast for last summer was in auto sales, housing sales, and the ruin of retail stores and shopping malls along with their satellite restaurants. These initial breakups, […]
This is a drum I’m going to beat for awhile: People need to stop listening to economists who are fixated on statistics like Gross Domestic Product or job gains as an indicator of where the economy is going. People need, instead, to read this blog if they want to know where the global economy is going. […]
Someone needs to put the nail in Coffin: “Another recession is pretty unlikely,” said Samuel Coffin, an economist at UBS Securities in Stamford, Connecticut, who correctly predicted the gain in retail sales. The report “suggests a very strong start to the quarter. We’ll continue expanding at a better pace.” (Bloomberg) Here is an economist so […]
The U.S. government says the recession ended in June of 2009. The economic gurus of our time parrot this proclamation in complete belief, but how has that recession ended when the unemployment that it caused never improved for those who lost their jobs? How is it that the experts and government officials ALL say the […]
The word “depression,” which I was using a year ago, is the only thing about the economy that is gaining currency. This dismal word has now flopped off the lips of General Electric’s CEO and Great Britain’s Prime Minister like a dead fish. Another D-word, “denial,” still holds the teeth clenched when it comes to […]