{"id":68687,"date":"2024-06-19T14:01:05","date_gmt":"2024-06-19T19:01:05","guid":{"rendered":"https:\/\/olduvai.ca\/?p=68687"},"modified":"2024-06-19T14:01:05","modified_gmt":"2024-06-19T19:01:05","slug":"economic-collapse-is-stalking-us-like-death","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=68687","title":{"rendered":"Economic Collapse is Stalking us Like Death"},"content":{"rendered":"
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Economic Collapse is Stalking us Like Death<\/a><\/h3>\n

The exceptional degree to which the Fed has trapped itself (and all of us) in an economic death spiral is becoming evident everywhere now.<\/strong><\/p>\n<\/div>\n

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Photo by\u00a0Rob Martin<\/a>\u00a0on\u00a0Unsplash<\/a><\/figcaption><\/figure>\n<\/div>\n

My longtime prediction that the Fed will not be able to kill inflation without destroying the economy is showing itself true in articles about hand-wringing from multiple directions today. The short of it is that the Fed either wins inflation but drives us deep into recession, or it rushes to bail out a collapsing economy but lights inflation fully back on fire again. Either route is bringing the collapse of the Everything Bubble that the Fed and multiple federal administrations created.<\/p>\n

Let\u2019s look at the concerns that are emerging from all over the financial realm in today\u2019s news headlines to see what many are sensing and what the most reliable economic indicator is now screaming like a siren.<\/p>\n

Most reliable recession timer redlines<\/strong><\/p>\n

Let\u2019s begin with the \u201ccreator\u201d of the very accurate \u201cSahm Rule, which says that, whenever the unemployment level rises 0.5% from its one-year low, we\u00a0are<\/em>\u00a0plunging into recession, regardless of\u00a0what<\/em>\u00a0low level of unemployment we start from. This indicator has never been wrong as a timer, and we are right there! However, we already also dealing with very broken labor indicators. So, maybe we are well past a 0.5% rise or maybe still a touch under. Who can know when even Jerome Powell has said the government\u2019s labor numbers are clearly wrong and when CNBC took the rare step of saying they looked \u201ccooked,\u201d though it\u2019s not clear that Powell knows by how much or in what direction? Just clearly they don\u2019t add up, but that has been my major warning of peril for a couple of years now.<\/p>\n

…click on the above link to read the rest of the article…<\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

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\u00a0Rob Martin\u00a0on\u00a0Unsplash My longtime prediction that the Fed will not be able to kill inflation without destroying the economy is showing itself true […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[11574,303,431,534,690,34306,3650],"class_list":["post-68687","post","type-post","status-publish","format-standard","hentry","category-economics","tag-david-haggith","tag-fed","tag-interest-rates","tag-monetary-policy","tag-risk","tag-the-daily-doom","tag-us-federal-reserve"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/68687","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=68687"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/68687\/revisions"}],"predecessor-version":[{"id":68688,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/68687\/revisions\/68688"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=68687"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=68687"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=68687"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}