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Market Update: A Titanic Disaster Ahead?
Market Update: A Titanic Disaster Ahead? Tech stocks now in a classic blow-off top At this point, as go the leading Tech stocks, so go the markets. So much capital has crammed into the tech sector this year that it boggles the mind. Tech stocks now make up 40% of the market cap of the […]
Game Over Spending
Game Over Spending Second quarter 2020 came and went like a California wildfire. The economic devastation caused by the government lockdowns was swift, the destruction immense, and the damage lasting. But, nonetheless, in Q2, the major U.S. stock market indices rallied at a record pace. The Dow booked its best quarter in 33 years. The […]
You Are Now Leaving FantasyLand: The Losses Will Be Taken By Somebody
You Are Now Leaving FantasyLand: The Losses Will Be Taken By Somebody As the inverted pyramid collapses, the effects will be non-linear. Round about late March, we entered a Financial FantasyLand in which all the sins and excesses of rampant financialization were going to be painlessly washed away. Mever mind the entire U.S. economy is an […]
Europe’s Bailouts Risk a Full-Blown Financial Crisis
EUROPE’S BAILOUTS RISK A FULL-BLOWN FINANCIAL CRISIS The measures implemented by governments in the eurozone have one common denominator: a massive increase in debt from governments and the private sector. Loans lead the stimulus packages from Germany to Spain. The objective is to give firms and families some leverage to pass the bad months of […]
Blain’s Morning Porridge – July 10, 2020 – The World Shifts
Blain’s Morning Porridge – July 10, 2020 – The World Shifts “Carthago delenda est” Did you feel the world wobble last night? As Washington imposes sanctions on top level Chinese officals over ethnic abuse in Xinjiang, and waits for Trump to sign “autonomy” action over Hong Kong targeting officials over the new security law, […]
The Movie Villain/The Actual Villain
The Movie Villain/The Actual Villain There’s a meme going around on Twitter again called “The Movie Villain/The Actual Villain”, where people post an image of someone in a movie or a show and then an image of who they think the real bad guy is. Some are getting creative with it and showing people and things in […]
The American Economy in Four Words: Neofeudal, Extortion, Decline, Collapse
The American Economy in Four Words: Neofeudal, Extortion, Decline, Collapse Our society has a legal structure of self-rule and ownership of capital, but in reality it is a Neofeudal Oligarchy. Now that the pandemic is over and the economy is roaring again–so the stock market says–we’re heading straight back up into the good old days […]
World Economy Preparing for Collapse
World Economy Preparing for Collapse The world has changed dramatically in the course of this orchestrated and intended collapse of the global economy in order to launch this Great Reset. In the course of several months, we have watched a deliberate economic disaster under the pretense of this coronavirus pandemic. While the main objective of […]
We Can’t Grow Our Way Out of Poverty
WE CAN’T GROW OUR WAY OUT OF POVERTY For more than half a century, economists and policymakers have focused fanatically on growth as the only feasible way to end global poverty and improve people’s lives. But in an era of planet-wide ecological breakdown, that comfortable conventional wisdom is crashing to an end. Jason Hickel lays it on […]
Deep European Recession Forecast For 2020
Deep European Recession Forecast For 2020 In its Summer Forecast published today, the European Commission downgraded its own projection from earlier in the year, making for an even grimmer outlook for the EU economy in 2020. The -7.4 percent contraction originally expected has been reassessed to -8.3 percent. You will find more infographics at Statista In the EC press […]
TOTAL MARKET INSANITY: Toyota vs. Tesla
TOTAL MARKET INSANITY: Toyota vs. Tesla The present market insanity reminds me of the similar mentality of Americans right before the 1929 stock market crash and the pre-1999 Tech Bubble. However, the big difference today is that technology has destroyed the ability of investors to understand the meaning of VALUE. The notion that technology makes […]
Seems Counter-Intuitive in This Crisis: Inflation Heats Up for Services Firms, and They’re Able to Pass it on via Higher Prices
Seems Counter-Intuitive in This Crisis: Inflation Heats Up for Services Firms, and They’re Able to Pass it on via Higher Prices Even manufacturers, after months of crushed commodities prices, experience inflation and are able to pass it on. Stimulus money the government and the Fed have thrown around by the trillions. It seems somewhat counter-intuitive […]
Huge Debt Payments Come At Worst Time Possible For Canadian Drillers
Huge Debt Payments Come At Worst Time Possible For Canadian Drillers The collapse in oil prices has significantly deteriorated Canada’s oil companies’ finances and has made repaying their debt more challenging. Over the past decade, Canadian firms have borrowed money to survive the previous oil crisis of 2015-2016 and boost production post-crisis. But now the second […]
How We Got Here: the Global Economy’s 75-Year Stumble to the Precipice
How We Got Here: the Global Economy’s 75-Year Stumble to the Precipice Not only will there not be a recovery, but there can’t be a recovery, as those brittle extremes have been lost for good. How did the global economy end up teetering on a precarious financial precipice? To formulate a cogent answer, let’s take a […]
