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It’s Pancaking All the Way Down, Folks!
The contagion of collapse continues. As I suggested would happen earlier this week, the crazy buyout engineered in Switzerland as one of the oldest banks on Earth collapsed has spread to equally ancient, gargantuan and zombified Deutsche Bank, and that’s just what’s happening on the surface as the whole global financial structure shook hard again today.
Market Morons Finally Forced to Face Reality
Investors have been slower than a tank of turtles swimming in molasses when it comes to grasping reality, but they may be getting the message on inflation and the Fed’s fight ahead at last. That said, one should never underestimate the resolve of people to enshrine their wishes as unholy doctrines in order to continue chasing the phantasms of their greed….
Stocks Seek New Religion in Effort to Rise from their Decline, but Where’s the Beef?
The Wall Street prophets of profits have moved to a higher level of highs as the opiate smoke circles their brains. They have shifted their dialectic from the US economy making a “soft landing” to a new “no-landing” prediction. By this they are claiming, in all their flash-and-shine prose, that the Fed may be a miracle worker, able to keep on fighting inflation while also levitating the economy. In other words, news of higher inflation made everything a little bit better.
Of course, Inflation Wasn’t Hot at All! (It was hardly even horrible.)
This was one of those days where every news headline that went into The Daily Doom this morning made me say, “Of course it did!” — not in the approving kind of way, but in the way you say it as you roll your eyes because you see that, yes, the bread did land jelly-side-down […]
It Was a “Wow! Wow!” Bow-Wow Dog of a Doozy Week for Jobs!
Does anyone remember way back to when new jobs came in so bad the report shocked everyone by being far below expectations? Stretch your memory because it was all of three days ago that only 106,000 new jobs were created, well below the 190,000 Dow Jones estimate, and even further below the previous month’s upwardly revised 253,000. Yet, now, they’ve exploded to half a million!
Protected: 2023 Economic Predictions: The Road Dead Ahead
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A Long Way to Fall: Stock Market’s Bottom is Hardly Even Within Sight
When several of the big money-driving voices in financial media and major financial institutions start saying the same thing I am, I start to wonder about myself. Or is it just becoming that obvious now? Some of the biggest names on Wall Street are now saying the stock market is delusional and is headed for a much deeper fall.
Protected: While the Fed is Crushing Jobs, I’m Crunching Job Numbers, and They Are a Smashup Mashup!
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Over the Hill and Not out of the Woods we Go!
Another sleigh ride today for stocks with plenty of tumult for Tesla as Zero Hedge noted: Shit’s getting real in equity-land as this morning’s selling pressure has turned into a blood-soaked sea of red with TSLA leading the plunge, down 11% [and] The S&P has erased all of the week’s gains… … and …
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
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