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Dollar Doom Is a Slow Burn!
Dollar Doom Is a Slow Burn! It will be a LONG time coming. Photo by Jp Valery on Unsplash One article highlighted below brings out a point that I made two years ago when everyone in the alternative press was writing (as many still are) about how the BRICS nations were determined to replace the US dollar as […]
Chaos is Spreading Everywhere!
Chaos is Spreading Everywhere! Intensifying foreign wars, raging internal political wars, inflation all over again, and disastrous immigration are turning the world into a madding crowd. Photo by Callum Skelton on Unsplash Sure, the S&P 500 just broke 5,500 for its first time ever (and then failed miserably), but everything else this past week is proving out all […]
Economic Collapse is Stalking us Like Death
Economic Collapse is Stalking us Like Death The exceptional degree to which the Fed has trapped itself (and all of us) in an economic death spiral is becoming evident everywhere now. Photo by Rob Martin on Unsplash My longtime prediction that the Fed will not be able to kill inflation without destroying the economy is showing itself true […]
The Deeper Dive: Record-Shattering Stealth Recession Approaching
The Deeper Dive: Record-Shattering Stealth Recession Approaching Why we won’t see the next recession coming and why it may not be reported as a recession even if it is the worst recession since the Great Depression. (But YOU’LL certainly feel it in your bones!) The next recession has all the ingredients to become the worst […]
Titillating Tidbits
Titillating Tidbits Photo by Alice Donovan Rouse on Unsplash It’s a slow-news day today in terms of any one big story, so I don’t have much to comment on, other than a few news tidbits of interest: Fed Governor Waller adds to the weight of statements by other Fedheads who have spoken since the FOMC meeting, saying he will need […]
Truth or CONsequences?
Truth or CONsequences? When your government cons you daily with its statistical “facts,” it’s hard to keep your balance. Conned-sumers are feeling the cognitive disconnect from reality. For years, I’ve been saying it appears the BLS (Bureau of Lying Statistics) publishes fake labor statistics. The numbers always look like the seasonal adjustments are used by […]
Yoyo Fed and Yoyo Markets
Yoyo Fed and Yoyo Markets Once again, we have a report saying consumer sentiment is collapsing just as economists were projecting it would be continuing to float along, and once again we have a report of rising inflation, just as the Fed decided to reduce its fight against inflation by slowing down QT to save the […]
How Powell Destroyed His Inflation War as he Eats the Poor
How Powell Destroyed His Inflation War as he Eats the Poor I’m going to save discussion of today’s CPI report for my Deeper Dive this weekend because it requires digging deep into the numbers involved in the report to show why it is not the game-changer for the new trend in inflation that the stock market made […]
More Evidence Screams “The Books Are Cooked!”
More Evidence Screams “The Books Are Cooked!” You just can’t make stuff like this up … except the government does … over and over! Photo by Ahmed Zayan on Unsplash On April 20th, I wrote about how CNBC had reported that something looked rather rigged about the government’s new jobless-claims data in this election year: What a Wonderful […]
The Federal Reserve Is About to Go Full Banana Republic
The Federal Reserve Is About to Go Full Banana Republic Peeling back the truth, one banana at a time. According to an article on Yahoo! today, the top banana in finance, J. Powell, has already decided to go full bananatard. It is the financial hallmark of banana republics to print money in order to finance […]
Economy Plunges into Stagflation with Both Feet
Economy Plunges into Stagflation with Both Feet Talk about a one-two-three punch to the ground! Stagflation came in perfectly on target for The Daily Doom’s predictions today. Real GDP is now falling much harder than was expected yesterday by two-faced Jamie Dimon when he spoke out of his second face, saying the economy is “booming,” backed by “healthy consumer finances.” He […]
Bank Failure: MAYBE nothing to see here this time.
Bank Failure: MAYBE nothing to see here this time. Regulators seized their first bank of the year on the same day that regulators are telling other regulators and financial institutions to ready themselves for possible trouble in the major financial clearing houses. (At least, same day in terms of when it hit the news.) Reminder: It was […]
Markets Are Biting Their Lips over Global Chaos
Markets Are Biting Their Lips over Global Chaos And Fed Chair Powell is joining them because suddenly nothing is going right for his soft-landing plans! Rising Middle-East tensions are driving up the price of crude oil and driving down the price of stocks and value of bonds. Analysts are saying oil could go to $100/bbl […]
Forget the Black Swans; the Vultures already Circling us Are Bad Enough to Kill us
Forget the Black Swans; the Vultures already Circling us Are Bad Enough to Kill us There is certainly more coming to eat away at your finances as infamous bankster Jamie Dimon laid out quite broadly and plainly this week. Photo by Abhishek Singh on Unsplash Jamie Dimon never saw a dying bank he didn’t want to eat. Yet, […]
Inflation is Causing Tectonic Shifts
Inflation is Causing Tectonic Shifts Even if stock investors are acting as if nothing happened along the road they are walking, they will soon wish they had not missed the obvious. Photo by Roberta Piana on Unsplash Yesterday when stocks crashed hard, I wrote the following caveat to their epitaph: Whoa! Delusions broken. At least, for today, but give investors […]
