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Stocks Seek New Religion in Effort to Rise from their Decline, but Where’s the Beef?

The Wall Street prophets of profits have moved to a higher level of highs as the opiate smoke circles their brains. They have shifted their dialectic from the US economy making a “soft landing” to a new “no-landing” prediction. By this they are claiming, in all their flash-and-shine prose, that the Fed may be a miracle worker, able to keep on fighting inflation while also levitating the economy. In other words, news of higher inflation made everything a little bit better.

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It Was a “Wow! Wow!” Bow-Wow Dog of a Doozy Week for Jobs!

Does anyone remember way back to when new jobs came in so bad the report shocked everyone by being far below expectations? Stretch your memory because it was all of three days ago that only 106,000 new jobs were created, well below the 190,000 Dow Jones estimate, and even further below the previous month’s upwardly revised 253,000. Yet, now, they’ve exploded to half a million!

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It’s Worse Than it Looks: Beneath the Surface the Bottom is Falling Out, and People are Jumping out of Windows

Surveying just the news that started this year in The Daily Doom, things look bad for the US economy. Worse still, if you dig beneath the few rosy headlines that did greet the year in lighter tones, the bottom falls out quickly, as it does when stepping out of a high-rise window.

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2022: The Year that Imploded … Bigly

This was the year where it seemed everything imploded. For the economy, it started with two quarters of receding GDP that everyone refused to call a recession. Whether you stand with the crowd on that or not, it was certainly not a good change and was certainly a collapse of the economy toward a smaller […]

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Protected: 2022: The Year that Imploded … Bigly

There is no excerpt because this is a protected post.

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Snow Job: Fed Admits Gov’t Job Estimates too High by Over 1-Million, which Means Serious Peril!

Having written that Powell’s Peril Lies in the Lanquishing Labor Market and that we are Fed up and Under-Fed All at the Same Time because Everyone Sings the “Strong Labor Market” Tune in Unison … and They’re All DEAD Wrong, I finally get some VINDICATION! Major vindication!

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Powell’s Peril Lies in Lanquishing Labor Market

Fed Chair Jerome Powell did the best he could with the limited options the Fed has created for itself, and he said nothing unexpected. The Fed will continue its course at a slower rate of interest rate increases but raise interest to a higher level than it has thought it would have to all year […]

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Everyone Sings the “Strong Labor Market” Tune in Unison as the Band Plays on, and They’re All DEAD Wrong!

Everyone in financial media is singing in unison, and the song they are all singing is a recessional for the recession — a hymn or musical piece sung while making an exit. It’s an attempt to make the recession recede from view, to talk it out of existence, to convince everyone that what is, is […]

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Unemployment is the Cloak under which this Dagger of a Recession Hides

The cloak makes the dagger so much more dangerous. For investors who don’t want to believe in a recession, the cloak causes them to stroll through markets with less wariness than they should have. They are glib while about to be gutted. For the Fed and feds, the cloak assures they are blind to the […]

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MN Gordon: What Happens When Work Doesn’t Pay

Now there comes a timeIn every man’s life,Where decisions have to be madeWhether to toil, to labor,Or just plain pissYour days away, away, away!  – Caught in a Jar, Dropkick Murphys

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A Storm of Indicators Show the US Consumer Is Tapped Out

Zero Hedge lays out the widespread dishonesty (or lame stupidity) in mainstream financial media when glibly reporting things like sales increases as if they are actually positive during times when inflation is the sole reason for the rise in sales (because sales are measured in dollars and prices are soaring). While I’ll note that ZH […]

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