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The Return of Inflation: It’s Back, it’s sticky, and it’s bound to get ugly!
The big news carried in The Daily Doom today was recession after recession and inflation after inflation. They’re both back (or “back to back”), and boy are they mad! This year’s big predictions on The Great Recession Blog appear to be lining up to start tearing things up this week as a nice little gooey Valentine’s surprise that ain’t yo’ mama’s box o’ chocolates!
Protected: 2023 Economic Predictions: The Road Dead Ahead
There is no excerpt because this is a protected post.
It’s Worse Than it Looks: Beneath the Surface the Bottom is Falling Out, and People are Jumping out of Windows
Surveying just the news that started this year in The Daily Doom, things look bad for the US economy. Worse still, if you dig beneath the few rosy headlines that did greet the year in lighter tones, the bottom falls out quickly, as it does when stepping out of a high-rise window.
2022: The Year that Imploded … Bigly
This was the year where it seemed everything imploded. For the economy, it started with two quarters of receding GDP that everyone refused to call a recession. Whether you stand with the crowd on that or not, it was certainly not a good change and was certainly a collapse of the economy toward a smaller […]
Protected: 2022: The Year that Imploded … Bigly
There is no excerpt because this is a protected post.
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 […]
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 […]
Economic Predictions for H2 2022, Part 5: The Everything Bubble Bursts into Pieces
To many economists, saying we are going into an economic crash would be a prediction because over eighty percent of economists do not believe we are even in a recession right now, much less a total economic collapse. To me, on the other hand, saying we’re entering an economic collapse is not a prediction at […]
MN Gordon: What Happens When Work Doesn’t Pay
Now there comes a timeIn every man’s life,Where decisions have to be madeWhether to toil, to labor,Or just plain pissYour days away, away, away! – Caught in a Jar, Dropkick Murphys
Jeffrey Tucker: It’s Worse Than Anyone Wants to Admit
The news about GDP on July 28 was entirely consumed in the throes of another definition change. What everyone understood is that what it means to be in a recession has been suddenly changed by government edict. It’s not a recession, they say…
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 […]
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 […]