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The Daily Doom: Economic News of the Great Collapse
SOME OF THE TOP STORIES IN TODAY’S ECONOMIC NEWS ON THE DAILY DOOM: You can read the above stories and a lot more that are all about today’s economic news in The Daily Doom either on the Substack site or by subscribing to receive each edition in your email. For The Daily Doom to continue, […]
The Money of the Apocalypse is Rising in US Banks from the Ashes of the Cryptocrisis THIS WEEK!
For years, I’ve written about the creeping approach of central bank digital currencies (CBDCs) as a replacement for coin and paper money that will give government much deeper control over you. Now the time has arrived … IN THE US. Yesterday, The Federal Reserve Bank of New York published the following notice:
Jeffrey A. Tucker: Maybe the Fed Too Was Trolled
The Federal Reserve – and central banks the world over – played a crucial role in making lockdowns possible and weaponizing the panic of politicians. As the lender of last resort and the provider of liquidity for the entire federal government, it removes normal fiscal restraint. It writes checks that cannot bounce to fuel governments in […]
MN Gordon: Death to Zombies
On Thursday, the Bureau of Labor Statistics reported that consumer prices, as measured by the consumer price index (CPI), inflated at an annual rate of 7.7 percent in October. Investors went bananas on this apparent pullback in the headline CPI…
MN Gordon: Are You Ready for the Coming U.S. Government Default?
The vast herd of investors are a deluded crowd. Following the Federal Reserve’s much anticipated 75 basis point rate hike on Wednesday the major stock market indexes jumped upward. Then they fell. Now they’ve bolted back upward again. Their delirious….
Stinking’ “Stonks” Got Smoked but the Pivotheads Still Have Some Catching Down to Do!
In a “thank-you Jesus” moment for those us us who are sick to death of the arrogance, greed, rigging, gambling, denial and freakin’ insanity of the US stock casino, the market pivotheads got a post-Halloween pounding of their hollow pumpkins into the dust of the earth at the end of today’s trading.
Powell Feinted Full Dovetard, and Stocks Still Plummeted. Why?
I’m going to write today’s article with all the vicissitudes I experienced as I read Powell’s statements about the Fed’s predicted moves and watched the market’s responses as they played out. My first thought, as I read the headline about Powell stating outright that the time was coming when the Fed would have to slow […]
Protected: Something Wicked is STILL Prowling Nearby
There is no excerpt because this is a protected post.
Where did something wicked go?
Last Sunday, I wrote about the big swings in the stock market that had just happened as follows: I’m anticipating this coming week will be horrendous. That kind of extreme bouncing is nothing but the rapids right before the lip of the waterfall.… I think that is what this is — extreme chop like the […]
MN Gordon: Operation Break Stuff
Stagflation, sinking labor productivity, severe levels of public and private debt, a splintered real estate market… You name it. The economy’s crashing and burning like an old Cutlass Supreme, and There’s nothing the central planners can do to fix it…
Lance Roberts: Fed Rate Hikes Approaching The “Breaking Point”
Well, it’s now official: Inflation did become the hottest news of 2022 as predicted in 2021: “Inflation Becomes The Leading Global Concern In 2022.” The next step in the forecast was that the Fed greatly over tightens because it doesn’t realize we’re already in a recession, and here is proof step-two is nearly complete:
The Fed Actually Reveals the Way its Own Delusional Thinking Works, and Why That Assures a Worse Crash!
I just came across an internal Fed staff document that shows what a mess their minds are. When you see how seriously they are misunderstanding this economy and the causes of inflation and how they are going to fight that inflation like Don Quixote jousting at windmills, you’ll realize there is no way they find […]
