The Great Recession Blog

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….

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.

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 […]

Now that the Dow finished its best October ever, it is more than clear my anticipation of an October surprise that would deliver a “horrendous” stock plunge couldn’t have been more wrong. That was an October surprise on me. It was not, however, a large one, as I didn’t have a lot of conviction when […]

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 […]

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…

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:

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 […]

From the intro to my last Patron Post: Thursday morning CPI, again, proved what has become my standing narrative for two years — that hot inflation would force the Fed to tighten faster and [thus] would kill the economy, the bond market and stocks â€” when all of the following headlines hit on a single morning (as […]

This week I received a very insightful email about central bank digital currencies. I’ve written on those a lot for my Patrons, but this writer thought of dangers that will emerge from CBDCs that I had never imagined to cover, so I asked the author for permission to share her article with my own readers…

Here is my recent interview with Tom Bodrovics of Palisades Gold Radio. I think it gives the broadest and easiest-to-understand overview of how the Federal Reserve has delivered us into a catastrophic situation for which the Fed truly has no answers that will do anything, except make everything worse: (In summary: The coronacrisis brought massive […]

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 […]