The Great Recession Blog

It all goes down in the same heap of rubble — zombie corporations and the junk bonds that are their sole life support and, piled on top, some of the banksters that funded them. Like a zombie apocalypse, it spreads around the world, taking out the weakest first but then the stronger players as the […]

Since the creation of the US Federal Reserve over a century ago, every major financial market collapse has been deliberately triggered for political motives by the central bank. The situation is no different today, as clearly the US Fed is acting with its interest rate weapon to crash what is the greatest speculative financial bubble […]

This article is part of series of economic predictions I am making about the remainder of the year. My patrons got the first part of the series. I’m going to make every other part available to all readers as I lay out the trends I see happening in the economic news that I read daily, […]

As reported in my new Daily Doom news section, which I try to update twice daily, real GDP fell even further for a second quarter in a row. While we all know what that means, you can count on the Federal Reserve, the federal government and even economists regularly quoted in the mainstream financial media […]

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 […]

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 […]

Better strap on your parachute and exit the plane ahead of landing because there is no getting out of a crash landing now that inflation is burning the landing gear off the bottom of the Fed’s plane. Captain “Bring-her-home Jerome” Powell was already trying to land his Federal Airlines 747 at the steepest angle of […]

Sizzling inflation is not going away as drunken market revelers are hoping. This party bore, in fact, will be long outstaying her welcome. While the Fed once said it wanted some hot inflation on the scene, she arrived a lot hotter and has stayed a lot longer than Father Fed expected — now kind of […]

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 […]

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 […]

I’m making Part Three of my “Epocalypse Revisited” series available to all because it introduces where the series will go in examining the world’s transition to a global, digital cashless society, countering the notion that globalism just fell off a cliff and dispelling rumors about gold-backed rubles and the mighty yuan trouncing the dollar.

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).