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”
In August of 2015 I started writing about The Great Recession 2.0 that was coming upon us. I called it “The Epocalypse” to signify an economic apocalypse that would be epic in scale and that would begin a new epoch on earth — a time of great global financial decline. Continue reading “The Return of the Epocalypse”
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!”
By its close yesterday, the market provided exactly the example of the head slamming I said bulls were going to get in the article I was writing all day yesterday because the “Stock Market Bulls are Delusional in Face of Great Depression.” Continue reading “Gurus Gone Mad, Market Gone Gzonkers”
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”
The banks that are begging for bailouts still cling to their bonuses. To terrorize us into letting them keep their bonuses, the banksters are threatening to release the button on their suicide vests and blow themselves up by not taking the bailouts if they can’t have their bonuses. Continue reading “Bailout BONUS Bonanza Going Bonkers … Again!”
This week’s results in the Fed’s repo-market interventions in one fell swoop proved everything I’ve said about the Fed’s intervention being QE4ever and the problem’s cause. Continue reading “How the Fed Fixed the Repo Crisis”
But the good news is that we are now back to those days just before 1933. So, dust off the mattress, and take out your knife, because it’s time to slice open the mattress and create a depository. Continue reading “You Know Times are Scary When the FDIC is Producing Videos Like This”
The soup lines hadn’t formed yet. Jobs had not even noticeably started to dry up, but they weren’t as easy to find anymore. You had to be angry to quit without having a better job firmly in hand. Stocks were climbing furiously above an economy that had been slowly ebbing away since summer. Continue reading “Virus Impacts an Economy Already in Decline before the Crisis”
Boeing is a prime example of bailouts going bonkers. It flew to the government’s fuel pumps fast like a jet plane to beg the government for relief on the basis that the airline industry was disproportionately hit by something no one could see coming. Continue reading “The Bailout Bonanza is Back! (Pt 3: Boeing Goes Boing Like a Bad Check)”
In just one month’s time, the Coronacrisis, as I’ve been calling it, or Coronapocalypse, as Zero Hedge is calling it, wiped out the entire Trump Rally all the way back to when he was elected.
Not bad for a month’s work by a microscopic enemy ravaging the works of the Great One. Continue reading “Trump Rally Destroyed!”
The emphasis has to be on HOG as they squeal for corporate welfare and push their snouts into the trough. One hedge hog says the government needs to bail out all businesses by paying all wages so companies that depleted all cash don’t have to pay to retain all workers: Continue reading “The Bailout Bonanza is Back! (Pt 2: Hedge Hogs Demand More!)”
As stocks take a breather due to massive government bailouts and Fed bailouts, let’s catch up on the most recent recession facts. That’s while I take a morning breather to lay them out as I enjoy my coffee before getting back to laying out the massive bailouts. Continue reading “Short Take on the Long Line to Recession”
I’ll lead off with a brazen display of SHAMELESS bankster greed. Banks absolutely MUST HAVE all bailouts go to them. When the government said it would send $1,000 checks to every tax payer as a personal bailout, one banker implored the government to give it to the banks instead. Continue reading “The Bailout Bonanza is Back! (Pt 1: The Commercial Paper Crisis)”
You can only be so dead, and that’s just “plain dead.” But there is also Feddy Krueger dead. The kind of dead that keeps on happening like a demonic death that won’t stay dead. It is in that nightmarish Elm St. light that I’m going to review the Federal Reserve’s death.
It’s happened via face-plant failures over past month that I’m going to lay out to show how savagely the Fed is dying a perpetual-motion death. Continue reading “How Dead is the Fed?”
The bust is on! Not only is the stock market crashing like never seen before (Dow down 3,000 points today!), but there are now deeply distressing breaks in the bond market. These staggering responses to Fed actions run counter to what is expected; but people are so focused on stocks, the are missing the more worrisome action. Continue reading “Big Bond Bubble Begins to Blow!”
Today’s crash wiped out almost the entire Trump Rally, going back to the day “The Donald” was elected President of the United States. The stock crash, rolling through our days like late-summer thunder, is a daily headline now, each day unimaginably worse than the record day before!
Charts can’t even keep up with the action. Because I couldn’t initially find one that matched the actual close, I had to draw a red line at the point to which the market actually plunged today: Continue reading “The Big Trump Dump! Dow Down 3,000 Points!”
Europeans are feeling like President Trump just dropped a COVID-19 economic bomb on the European Union. In response to his March 11th talk from the Oval Office, EU leaders said they did not see this coming. Was this a COVERT economic attack on the EU as some in the EU think? Continue reading “Did Trump Trade Wars Just Escalate to Germ Warfare?”
The bear roared today, ripping the ears off everyone, as the Dow and Russel 2000 both landed more than 20% below their last peak. Their 19-session rampage landed a record as the, steepest, fastest downhill bear run in the history of the US stock market.
The market’s waterfall run over the cliffs now looks like El Capitan. Continue reading “FuBEAR! Stocks Crash into Bear Market Faster than 1929!”
Today was the greatest crash in Wall Street history by one measure, and took down many other milestones. The Dow plunged 2,012 points in its largest single-session drop on record! Percentage-wise it was down 7.8%, which still knocked out decades of lows, leading to “Black Monday” being the hot search term on Google today as people sought a comparison worthy of this Monday crash. Continue reading “Dow Crashes 2,000 Points in Record Day! The Bear is at the Door.”