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”

The Great Recession

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!”

The Great Recession

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 Great Recession

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”

The Great Recession

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)”