The Great Recession

The coronavirus pandemic inflicted a “swift and massive shock” that has caused the broadest collapse of the global economy since 1870 despite unprecedented government support, the World Bank said.

“This is a deeply sobering outlook, with the crisis likely to leave long-lasting scars and pose major global challenges,” said World Bank Group Vice President for Equitable Growth, Finance and Institutions Ceyla Pazarbasioglu…. Continue reading “Drumbeats of the Epocalypse: The Economic Death March Has Come to Town!”

The Great Recession

We are nearing that mid-point in July when I said we would start to see the news turn from euphoria-inducing reopening positives to depression-developing realism.

Speaking of stock-market bulls who are stampeding uphill on the euphoria side, I wrote, Continue reading “Epochalypse Now: How Deep is Your Depression?”

The Great Recession

Bloomberg reported this week that thirteen US companies (in the 50-million-plus size) filed for bankruptcy last week.

That brought the total for the big boys and girls this year to 117, which matches the record peak for the first half of a year set in 2009. Continue reading “US Bankruptcies Busting Out to Match 2009 Peak Mean Trouble for Stock Market”

The Great Recession

Look at the plethora of problems in my list of 2020 economic predictions, which are so severe and so likely to get even worse that it’s more difficult to imagine they won’t get worse than to believe they will. Some are so bad that just a few of them would plunge us into an abyss of social and financial catastrophes.  Continue reading “2020 Economic Predictions: This Series of Unfortunate Events Guarantees the Epocalypse”

The Great Recession

Before we get into the timing of the recession, here is a graph that is particularly telling of the Fed’s journey and is worth studying from left to right. Notice how chaotic and less effective our journey with FedMed has become, just as I wrote about in another article this week (“Zero Hedge Confirms Fed is Dead“). Continue reading “Recession Started Right on Time — Before Most Were Even Aware, So Beware!”

The Great Recession

Whether it is more likely for the economy to recover in a V-shaped pattern or not, the stock market did. Now it is struggling everyday to hold the pattern as it keeps trying to refasten on news of a V-shaped recovery but gets beaten down by news of COVID-19 threatening the recovery: Continue reading “To “V” or Not to “V”? That is the question.”

The Great Recession

When asked by the press if the Fed was concerned about how it has increased wealth disparity in the US with its policies, Papa Powell kept clearing his throat and parading his lamest thoughts.

“Inequality is not related to monetary policy,” he claimed in the Fed’s defense.  Continue reading “Lying, Deadbeat Fed Fathers Starving Children but Feeds His Fat Favorites”

The Great Recession

Jerome Powell burst the stock market bubble by publicly acknowledging there will not likely be a “V”-shaped economic recovery. He indicated that it will take years for the economy to return to the recent levels … we experienced just a mere four months ago.

Seeking Alpha

Continue reading “Papa Powell Sees “Tremendous Human and Economic Hardship” (No V-Shaped Recovery)”

The Great Recession

The first graph gives you a glimpse of the “huge jobs rebound” that shocked the stock market into spurting past its 200 DMA barriers because retail investors and algos aren’t looking past the headlines. Continue reading “The Jobs Report Misunderstanding in a Nutshell: NO V-Shaped Recovery in Sight”

The Economic Collapse

I’ve missed a few predictions along the way, but usually only in part. When I missed, it was because I took the bad too far. The bad has almost always happened exactly when I said it would but hasn’t always been as bad as I said it would be. Now, it has all arrived and is turning out to be fully as bad as I said it would be. Continue reading “An Epocalypse Upon Us”

The Great Recession

Many people are warming up to the idea of digital currency in a cashless society due to coronavirus because going touch free is cleaner than cash. Many businesses are already moving to make digital currency the only form of transaction they will engage in so their customers and their employees feel safe. Continue reading “CASHLESS SOCIETY 2020: Coronavirus Swings Society to “Touch Free” Digital ID and Digital Currency”

The Great Recession

This may be my most important article to date. Bill Gates went viral in several controversial interviews last month, advocating mandatory digital ID as proof of coronavirus vaccination as soon as a vaccine is available. The proof will be required, if Gates has his way, before anyone is allowed in large public gatherings. Continue reading “CASHLESS SOCIETY 2020: Bill Gates Goes Viral on Digital ID and Digital Currency”

The Great Recession

It was the best of times, it was the worst of times. April closed as the best month for the US stock market since the V-shaped recovery that followed the Black Monday stock market crash of 1987. April also delivered the deepest, broadest economic collapse of any month in history.  Continue reading “Fiercest Economic Collapse in History is Best Month for Stock Market”

The Great Recession

Public criticism of big businesses getting a bailout from the Paycheck Protection Program (PPP) is working as effectively as boycotts to prevent abuse that appears designed into the program by lobbyists.  Continue reading “Bailout Boycotts from Harvard to Shake Shack Get the Money Back”

The Great Recession

Ron Insana, whom I’ve always thought was well named due to the funny way his brain works and the way he smiles even when nothing is happening, has just melded minds with Kudlow & Cramer to support a coronavirus war bond:  Continue reading “Crazy Cramer and Kookoo Kudlow Hatch Coronavirus War Bond Goose Egg”

The Great Recession

FedMed proved dead awhile ago with the whole Bulls team looking dead on the field, until Team Trump, the owner’s club, joined Coach Powell. Then Powell’s coaching team upped its game; and, finally, the Wall Street Bulls revived. “Big deal!” the Bears now yell. “Let’s get back to playing ball!” Continue reading “Wall Street Bulls Battle the Bears in Mother of All Recessions”

The Great Recession

Today the bulls did it it again. This market remains deeply entrenched in denial, soaring even as unemployment soars higher toward the grand summits of the Great Depression and with certain knowledge that many jobs will not return. Continue reading “If Bulls Had Wings They Could Fly; Without Them They’ll Die!”

The Great Recession

Monday was nothing but a dead-bull bounce on top of a dead-cat bounce, which means there is plenty of punishment to come. Pure testosterone drove the market’s rise fed by nothing but the weak premise that New York’s drop in the coronavirus death rate for a single night meant the worst is behind us. To prove how meaningless that was New York posted its highest daily increase in deaths on Tuesday. Continue reading “Stock Market Bulls Delusional in Face of Great Depression”