Alarms are ringing everywhere for the economy. Not all of them are due to Donald Trump, though many are. For example, one big alarm that is ringing is a towering stack of evidence that emerged today, showing the economy was already...
It just got ugly in the bond market. Ugly for stocks, anyway. Ugly for those owning bonds to trade. Good for those wanting to buy safe Treasury interest to hold to maturity.Janet Yellen figured out that Covid stimulus may have contributed...
The last time I said the stock market was this precariously poised to crash was in early 2020. A month later, the market dove headlong over a cliff, and it took all the king’s horses and all the king’s men to put the market and economy...
Well, the GDP revisions did not take GDP down at all in the manner Danielle DiMartino Booth claimed we’d see in our last two editorials. The US government held its reported Q2 GDP at a healthy Bidenomics 3% in today’s released revisions....
You’d almost think they [financial news media] never said any of the things they, in fact, did say as they now start lining up to report the same things I’ve been saying all year; and they do this without batting an eye over how that means...
Reality keeps hitting points home for the poor Dow and its beleaguered company of other indices. It dented the Dow pretty badly today. A trio of central banks have all underlined this week the fact that the battle will be long, and their...
Is it too extreme to say an annualized GDP growth number of minus 1.4% this quarter puts us in recession in this quarter, and is it too extreme to call that a “crash?” No, it is not in the least extreme, and I...
The housing boom is over, and broader effects are beginning. The steep decline of mortgage applications due to rising mortgage rates and housing inflation means layers and layers of buyers are leaving the market. Payments on the same home...
Sometimes weeks happen in a day, and we seem to be living in such times. In my latest Patron Post I laid out how Putin’s War and the sanctions imposed by the West and other nations will cause a tectonic shift in the new world...
The battle between King Dollar and Tsar Ruble is on, and Russia’s efforts to dethrone the dollar have already lost. The ruble has already been knocked off its rickety wicker throne and has had its head kicked in. It’s just that...