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“V-Shaped” Recovery Not Now: It Gets Worse, 30.55 Million on Unemployment. Week 14 of U.S. Labor Market Collapse
“V-Shaped” Recovery Not Now: It Gets Worse, 30.55 Million on Unemployment. Week 14 of U.S. Labor Market Collapse Had a setback. Over 11 million gig workers on unemployment insurance. But four states, including Florida, still can’t process federal PUA claims. This unemployment crisis is shape-shifting, and some states are still trying to catch up with […]
Market Begins To Internalize Reality
Market Begins To Internalize Reality Summary The financial media is beginning assign blame to the recent stock market weakness to the spike in COVID cases and the potential for a November Democratic sweep of the White House and both chambers of Congress Nothing new to GMM as we have been on this early and stood alone […]
Business Uncertainty About Sales Goes Haywire
Business Uncertainty About Sales Goes Haywire These Charts Show What Mess Businesses Face Going Forward. I’m going to show you a chart based on data that the Atlanta Fed released today. We’ll dissect it in a moment. The chart would be funny, if it weren’t so serious. At first, just look at the chart superficially. These results […]
Can Too Big For Fed & ECB
CAN TOO BIG FOR FED & ECB There are lies, damned lies, and economists. Whether these economists work for the government or a bank, they spend all their time on the computer extrapolating current trends with minor adjustments. If you want to understand the future, don’t spend your life preparing and constantly revising an Excel […]
How to Get Off Fossil Fuels Quickly—and Fairly
How to Get Off Fossil Fuels Quickly—and Fairly Researchers from the National Renewable Energy Laboratory (NREL) discuss panel orientation and spacing for a project on simultaneously growing crops under PV Arrays while producing electricity from the panels in South Dearfield, Massachusetts. The project is part of the DOE InSPIRE project seeking to improve the environmental compatibility […]
Wild Ride to Nowhere Since Jan 2018: What the US Stock Market Looks Like Minus APPL, MSFT, AMZN, GOOG, FB
Wild Ride to Nowhere Since Jan 2018: What the US Stock Market Looks Like Minus APPL, MSFT, AMZN, GOOG, FB Entire market of 3,451 stocks minus “Giant 5” is down 1% from Jan 2018. But wow, the volatility! You would have been better off with a despicable freaking savings account. The market capitalization of the […]
Is Data Our New False Religion?
Is Data Our New False Religion? In the false religion of data, heresy is asking for data that is not being collected because it might reveal unpalatably unprofitable realities. Here’s how every modern con starts: let’s look at the data. Every modern con starts with an earnest appeal to look at the data because the con artist has assembled […]
The financialization of the end of the world
The financialization of the end of the world For those who are fans of cartoons from The New Yorker magazine and consistent readers of this blog, you might be able to guess my two favorite cartoons. In the first one, a man in a coat and tie stands at a podium and tells his unseen audience the following: “And […]
Curing COVID-19 Won’t Cure the Economy
Curing COVID-19 Won’t Cure the Economy We have been making the case for weeks that we aren’t heading for a quick recovery. We’ve reported on the number of people of small business owners who don’t think they’ll survive, the increasing number of over-leveraged zombie companies, and the tsunami of defaults and bankruptcies on the horizon. Yes, we have seen […]
BREAKING NEWS: Peru Silver Mine Supply Collapsed In April
BREAKING NEWS: Peru Silver Mine Supply Collapsed In April With the data now finally out, Peru’s silver mine production collapsed in April. Due to the shutdown of a large portion of Peru’s mining industry, as a result of the global contagion, the impact on the world’s second-largest silver supply was enormous. While I had mentioned […]
Plot Thickens on End of QE & Start of Shedding Assets
Plot Thickens on End of QE & Start of Shedding Assets Fed leads in trimming its balance sheet; Bank of England governor publishes the reasoning for central banks to shed assets – before raising interest rates. A big shift! The Fed has been cutting back for weeks on its asset purchases, and on its last […]
Canada’s Oil And Gas Industry Is Critical To Its Economic Survival
Canada’s Oil And Gas Industry Is Critical To Its Economic Survival Canada’s oil and gas industry is yet to receive any funds from the federal government despite being that largest industry in the country. The nation’s economic recovery will be intimately linked with the recovery of its oil and gas sector. Top executives at oil […]
Robert Kiyosaki: “I was told not to talk about this”
ROBERT KIYOSAKI: “I WAS TOLD NOT TO TALK ABOUT THIS” Robert Kiyosaki has been on the front lines warning people of what’s coming. He continues to speak up, even though he was told to “stay in your lane” and not alert the public to what’s going on right in front of them, with their unknowing […]
Fed Accountability is a Farce
FED ACCOUNTABILITY IS A FARCE The Fed claims they are “accountable to the public and the U.S. Congress.” But what good is accountability, if the public and Congress have little understanding of what the Fed does? Even worse, if no one has the power to stop the inflationary actions of the Fed, what good are […]
