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It’s Full Market Meltdown Mania and the Fire Truck Is on Fire

The stock market is smart in a dumb way, but it is currently unbelievably dumb in the way that it is smart. To understand that, you have to realize that today’s stock market is not a place for investing in businesses. It used to be that, but the players have all turned it into a […]

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MN Gordon: Why Bonds Are Behaving Like Risky Assets

“When the [credit] delusion breaks, people all with one impulse hoard their money, banks all with one impulse hoard credit, and debt becomes debt again, as it always was.  Credit is ruined.” – Garet Garrett, 1932, A Bubble that Broke the World

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Down, Down, Down in a Burning Ring of Fire

The Dow plunged 686 points midday on Thursday and closed down 458, wiping out a large relief rally from the day before, and it went down for the key reason I laid out for understanding why the Fed will over-tighten and drive the economy into an extremely deep recession. A batch of economic data that […]

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MN Gordon: Facing Down a Wrath of Biblical Proportions

“The LORD sends poverty and wealth; he humbles and he exalts.”– 1 Samuel 2:7 An enterprising entrepreneur did a comedic graphic of Federal Reserve Chairman Jerome Powell captioned: “IN JPOW WE TRUST.” You may have seen it.…

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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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Podcast: Pilot Powell’s Impending Pile-up with the Stock-Market Hallelujah Chorus on Board

Stocks soared, treasuries fell, and the message from Team Fed was “full speed ahead with tightening.” Where did all of Wednesday’s market lunacy come from? We leaped from “Bad news is good news” straight to “Bad news is AMAZING!” Every Fedhead who spoke in Wednesday’s planned lineup made it clear the Fed is dead-reckoning its […]

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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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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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