Federal Reserve Confesses Sole Responsibility for All Recessions

Responsibility for All Recessions In a surprisingly candid admission, two former Federal Reserve chairs have stated that the Federal Reserve alone is responsible for creating all recessions in the United States. First, former Fed Chair Ben Bernanke said that Expansions don’t die of old age. They get murdered.  MarketWatch   […]

Up, Down, Done!

The market’s last chaotic day closed in a way that befit the entire year. Up, down, up harder, down harder, and done! It looked like the violence of the day may have come from the Plunge Protection Team attempting to push the market up in the middle of the afternoon, […]

Beware the Bear’s Bull Traps!

http://thegreatrecession.info/blog/beware-the-bears-bull-traps/ So, the bull market bounced back, right? Not so fast. When one appreciated reader suggested there would be a huge plunge the day after Christmas, given how badly the market plummeted the day before Christmas, I cautioned against that tempting thought. Herein are some warnings about bull traps in […]

Stock Market’s Stars are Crossed for an Ursa Major Upset

http://thegreatrecession.info/blog/stock-markets-stars-are-crossed/ The Big Bear is back. Ursa Major is in the house of the rising sun, and Taurus is in the house of the setting sun. Those are bad signs for investors who are now daily diving into their horoscopes. The market is pouring out of an inverted Big Dipper, […]

Beat the Establishment!

A Campaign to Relaunch David Haggith’s site for the Second Great Recession to Prevent Bankster Bailout 2.0 If we don’t beat the establishment before the next downturn, we’re going to see the same bailouts and money printing we’ve seen before but on a deliriously insane level.This is not me being […]

Fabulously Fake Facts – “G” in GDP Stands for “Gullibility”

While glowing presidential proclamations about US GDP growth last week did nothing to prevent the stock market from rushing headlong over the cusps of a FAANG stock ledge, the market is taking a breather today. So, let’s take a breather and go back and look at why that GDP report […]

Housing Market Collapse 2.0 Accelerates Rapidly!

Just ten days ago, your Lone Ranger here laid out why one should see the barely beginning downturn of the housing market in Seattle as the bellwether for a national housing market bust. Naturally a snowflake or two of criticism landed on my nose to say I knew nothing about real […]

The Economy is Cracking Up. Are You?

Economic cracks big enough to drive a car industry into are opening up all over the globe. Trade gaps are opening up between major allies. Widening spreads between the dollar and other currencies are shredding emerging markets. As we start into summer, these cracks and several others described below have […]

Housing Market Collapse 2.0 Has Begun

A summer storm is gathering against the housing market all across the US. More than a year ago, I predicted the collapse of Housing Bubble 2.0 and then predicted as soon as the housing market collapse had begun that it would see temporary reprieve until the summer of 2018. Well, that reprieve […]

Mid-Year Review of the Retail Apocalypse-Coming Waterfall

For a year and a half I’ve been writing about the retail apocalypse that is going to add to US financial woes. This is not a problem created by economic collapse but a problem that I have said will greatly contribute to economic collapse and that is so massive and […]

Trump Tax Cut Bonuses Are A Bust For Middle Class Workers

No, the Trump tax breaks for major corporations are not going to bonuses and wage increases. Sure we’ve seen some token $1,000 bonuses go out to laborers with hyuge orchestrated fanfare. The stint of articles you saw all over the media earlier in the year about those bonuses originated from an […]

Return of the Euro Crisis

Return of the Euro Crisis: Italy Quakes, Rest of the World Shakes and Merkel’s Empire Breaks Europe’s many fault lines are spreading once again, bringing the endless euro crisis saga back in 3-D realism. Italy gained a new anti-establishment government last week, even as Spain elected a new Socialista government that could crack Catalonia […]

Death of the Great Recovery Part 3: Housing Collapse

It’s simple math — an equal and opposite reaction. After a long spell of QE took mortgage interest down to the lowest it has ever been, a long spell of QT (quantitative tightening) is going to take it back up again. That’s why I forecasted another housing collapse with confidence last […]

Stocks Perfectly Poised to Plummet Past Point of No Return

 We are now well into the year when I said stocks would plunge in January and would prove to be a gaping “crack” in the economy by summer, and look at how seriously the market has fallen apart since it started to drop in the last week of January: It […]

The Dumb Money is Helping the Smart Money Exit the Stock Market

Bloomberg this week ran a story telling us how the smart money gets out of the stock market when it hits its all-time peak and how the dumb money helps the smart money out. Only they didn’t know that was what they were writing. It typically happens this way: At […]

All Fed up on Peak Debt

How inflated with debt have we become? How long can we float on our own bloat? Reasonably trim in 1970, the sum of all debt publicly financed by the US government was $275 billion. Last week, the government sought to raise $258 billion in just one week! The weekly financing […]

As a Matter of INTEREST, Talk of Inflation Fear…

As a Matter of INTEREST, Talk of Inflation Fear, the Fed’s Perfect Unwind, Concern about Wages is ALL Economic Denial The Federal Reserve is now hacking its own zombie recovery to death and eating it by reversing the actions it employed to create this artificially supported recovery. Each time the […]

Stock Market Plunge Breaks Records

Stock Market’s Massive Moves Not Seen Since Great Recession: Many who didn’t see the bubble bursting have fallen Talk about the market busting a move … and a lot of people! In less than half a month, the Trump Rally lost a third of the height it had developed over […]

Epochal Stock Market Flash Crash

Market Flash Crash Reconnects Stocks and Bonds, Portends End of Fake Recovery It took sixteen months to build the exceptionally steep Trump Rally, and just one week to eliminate a quarter of it. While I wouldn’t call that jolting reversal a stock-market crash, the largest one-day point fall in the history […]

Grandma Yellen Pats Markets on the Head and Sends them off to Bed … with a Warm Glass of Poison

The sweet grande dame of the central bankster world sees nothing but the brightest future to the furthest horizons for the markets she has been nurturing with her benevolent “wealth effect,” as one of her close colleagues called it. While Grandpa Greenspan routinely warns now that stock and bond markets are in […]