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Protected: Why “Persistent Inflation” Will Become an Intense Fire Tornado, Greater Than the Fed Even Imagines
There is no excerpt because this is a protected post.
Protected: The Best Arguments Against “Persistent Inflation” Have it Wrong
There is no excerpt because this is a protected post.
Inflation’s Heat Signature Is All Over the Economic Map
Let’s look at what has continued to develop with inflation in the short time since my May articles on the subject because inflation is going to cause the Fed’s “Great Recovery” but burn up in its own incendiary blast. A rapid spread of fiery inflationary data lit up the landscape last week:
The Fed’s Argument That It’s Not Directly Financing Government Debt Finally Fails
The most interesting thing about what the Fed is now doing is that it is illegal. The Fed’s argument that it is not monetizing the US debt fails now on its own terms. The Fed is buying treasuries for no purpose other than to directly finance the government’s escalating debt. Here’s the deal:
Proof That Trickle-Down Never Even Dribbled Down
Want to see a crystal-clear picture of who has been helped the most by decades of trickle-down economics, who has gone nowhere and who has actually gone slightly downhill? Well, here you go:
Devastating Damage from the Pandemic Is a Long Line of Bad News
It’s time for my semi-regular roundup of where the economy has gone since the last roundup, and … It’s a long line of devilish details
The Path by Which We Got Here
It wasn’t just COVID that got us down the road to ruin. Because many think we are in what looks like a post-apocalyptic world of rubble only because of COVID or because of Trump, I decided now would be a good time to summarize how predictably the Fed’s Great Recovery and Great Rewind got us […]
Labor Dept. Trumps Its Own Numbers
Spin it up, Boys! Spin it up high! The Labor Department should go into the money-laundering business because they own the fastest-spinning, number-washing machine out there. Early this week, Trump promised really big numbers would be seen in Friday’s jobs report. Since presidents do not usually get the numbers until just before they are released […]
Protected: Death of the Dollar: Economic Collapse Certain
There is no excerpt because this is a protected post.
An Epocalypse Upon Us
I’ve missed a few predictions along the way, but usually only in part. When I missed, it was because I took the bad too far. The bad has almost always happened exactly when I said it would but hasn’t always been as bad as I said it would be. Now, it has all arrived and […]
The Fed is Dead!
The last few months reveal how dramatic failure of the Fed looks now that it has hit the wall of diminishing returns. I’ve warned for years that the next recession would look just like what we are now seeing. I’ll show below why this graph shows in stark numeric terms just how bad it is.
