To “V” or Not to “V”? That is the question

  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 […]

CASHLESS SOCIETY 2020: Coronavirus Swings Society to “Touch Free” Digital ID

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 […]

CASHLESS SOCIETY 2020: Bill Gates Goes Viral on Digital ID

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 […]

COVID-19 (Coronavirus) Economic Impact Sweeps Down on Global Economy Like a Fat Black Swan

It is the senseless things of this world that sometimes knock sense into the high and mighty whose hubris causes them to believe they cannot fall. In this case, the tiny COVID-19 virus (coronavirus) is bringing down a global house of cards long perched to fall — locks, stocks, and […]

The True Danger of Coronavirus (COVID-19): What are the real risks of infection, death and a global pandemic?

The public is always ready to panic over the next pandemic. We love a good movie like the old Ebola scare, Outbreak. We even have a name for the next mystery disease — the big one that is supposed to destroy us all like World War III or like the […]

What to Make of the Bureau of Lying Statics’ Contradicting Jobs Reports

Employment has been the one stickler in my recession prediction for 2019, and finding a trustworthy measurement from the government’s statistics is like finding a virgin in a brothel. Depending on which official figures you look at, employment has refused to fall and new jobs are strong … or they […]

The Relentless Road to Recession Continued

Consider this a travelogue in pictures (graphs and charts really) that presents a rather striking and comprehensive image of a nation journeying into recession. Our decline is steeper now than it was even in my retelling of economic turns during the summer and early fall. While the stock market has […]

The Squeeze on Banks is Back Even with QE4ever

It’s no longer just me using terms like “Armageddon, crisis, devastating, chaos, Great Depression;” it’s leaders of the world’s most august and conservative central banks! The big banking squeeze that began in September never went away. In fact, repo auctions last week looked worse than ever, in spite of the […]

Quick Recap of the Fed’s Foundering Follies

(Original article at http://thegreatrecession.info/blog/quick-recap-of-the-feds-madcap-madness/ As September rolled into October, the US central bank’s monetary madness blew all over us like a fountain of foam in a windstorm. First, the Fed burst into $75 billion in overnight funding operations due to obvious shortages all over the map in bank reserves. Then […]

QE4ever Arrives in One Quantifiable Quantum Leap!

It’s QE4ever, Baby! The Fed’s latest move back into quantitative easing took a quantum leap in a single day with last week’s rush announcement of major permanent money injections to begin this Tuesday. Since the Fed adamantly denies it is doing what it is doing — going back to quantitative […]

The Relentless Road to Recession

“Show me the data,” demand those who cannot see a recession forming all around them and who keep parroting what they are told about the economy being strong because it is what they want to believe; yet, the data look like an endless march through a long summer down the […]

Central Bankers Now Plotting Government Subversion?

Two weeks ago a former Federal Reserve board member and bank president, William Dudley, wrote an editorial that encouraged the Fed use its powers to defeat Donald Trump’s second bid for the US presidency. I don’t recall choosing presidents as being listed in the Fed’s two mandates — controlling inflation […]

It’s Been a Great Recession for a Few; Let’s Do it All Again!

This month the economic expansion brought to you by your Federal Reserve and by US government largess becomes the longest expansion in the history of the United States! That’s something, right? Something? Let’s take an honest look at what we now call great. By “the longest expansion” we mean the […]

Market Mania Bets the Cash Registers Go Xi Ching!

The S&P 500 is up 18% and powering toward its biggest first half since 1997. For bulls, things are great. Will they get any better? To a handful of cross-asset strategists who turned skeptical on stocks before this week’s manic sessions, that’s becoming the most pressing question. Increasingly, their answer is: not […]

Is the Fed Dead?

The US deficit this year is already over three-quarters of a trillion dollars, putting the first eight months of the fiscal year almost equal with the entire past fiscal year. It is also $200 billion above the previous record for this portion of the year, and this May’s deficit alone […]

Hopium Floats. How The Market Got High on Friday

So much for the trade war being “good and easy to win.” Let’s be honest. Trump has been grinding away on it for almost a year now, and China has barely flinched in its negotiations. On Friday the tariff war became personal because it will now tap your own budget […]

Two Down, One to Go, and the Fed is Stuck

My most important economic predictions have come in rock solid By David Haggith at http://thegreatrecession.info/blog/2018-2019-economic-predictions/ Two of my biggest and longest-term predictions for 2018 and 2019 proved resoundingly true this week, and my sole prediction for this year — a prediction of recession bolder than anyone else’s — moved a […]

Socialist Revolution: The Price Capitalism Pays When Greed Goes Unrestrained

Socialism is the price Capitalism pays for unrestrained and unpunished greed, and Alexandria Ocasio-Cortez is the new face of Socialism in America. AOC refers to her Socialist revolution — for now wrapped up in the Green New Deal before congress — as the “politics of optimism,” and so it is. […]

US Budget Deficit and Interest Take Trip to the Moon

In my first Premium Post back in January, “2019 Economic Headwinds Look Like Storm of the Century,” I laid out sixteen major headwinds that would be howling against the economy this year. One of those was the government debt, which I said was about to skyrocket: If you thought the […]

Housing Market Crash 2.0: The Jury is in for 2018-2019

As happened with the first housing market crash that began in 2007 but didn’t become widely recognized until mid-2008, the present housing crisis began exploding one story at a time last summer, and this blog was perhaps the first to state that summer’s change was the turning point from decades […]