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The Daily Doom: Economic News of the Great Collapse

Top stories in today’s economic news: UK Economy Shrinks in 2nd Quarter, Sharpening Recession Fear … Compass Prepares for 25% Downturn in Housing Market, Plans Serious Cost Cutting … “Worst I’ve Ever Seen”: Cotton Prices Soar After Historic USDA Cut in Production Estimates Due to Megadrought … Tensions grow over shrinking Colorado River …

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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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S&P Confirms Inflation Killed the Stock Market and Has ALREADY Sent us into Recession

With the S&P diving deeper into bear territory today, it solidly confirmed its status as a bear. While it entered the bear’s woods on Monday by closing at 21.8% down, it shoved its nose deeper into the dirt today like a rooting bear will do to affirm its new identity. The short-lived bull market that […]

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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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Are You Sure We’re Not Sinking into Recession Already? Or has this ship already sunk?

I still beg to differ with those who say the plunge from a positive 6.9% GDP growth rate in the last quarter of 2021 to minus 1.4% in the first quarter of 2022 is just noise. “It’s just a passing anomaly,” they say. On the contrary, I am certain the anomaly was the 6.9% reported […]

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Why the Fed will fail to fight inflation until the recession beats it down

You cannot grow a turnip in a pile of dollar bills unless you let them rot first. Depending on the road the Fed takes, that could become the dollar’s highest value and the best the Fed can do to reduce food shortages. Whether the dollar decays depends, in good part, on whether the Fed chooses […]

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How Bad Was the Stock Crash for April Fools?

Well that didn’t take long. When GDP on Thursday morning revealed we are, in fact, crashing into recession, and the market flew like a released bird into the heavens, I noted in my last article that the market’s lunacy was just what I expected from delusional investors. That was a relief rally from the earlier […]

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“The Fed Finally Pushed the Stock Market Over the Edge”

So said Barron’s as the Dow dove almost 1,000 points on Friday and completed its fourth down week in a row. The Dow’s dive (981 points) was the worst since the Coronacrash in 2020. In two day’s time, it has fallen over 1300 points. Even before the big polar-bear plunge, stocks were seeing their worst […]

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Bond Vigilantes Riding Bonds in a Suicide Race to the Bottom of the Market!

And I’m kind of glad to see it happen. Having seen the bursting of the bond bubble coming, I stepped out of the way financially (no money in stocks or bond funds) to watch the plunge from the sidelines during what has turned suddenly into an epic plunge in bond prices (rise in yields).

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Seeing It All Come Together: Months of Predictions Closing in on Quick Collapse

Sometimes weeks happen in a day, and we seem to be living in such times. In my latest Patron Post I laid out how Putin’s War and the sanctions imposed by the West and other nations will cause a tectonic shift in the new world order. It’s already happening.

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