If This Isn’t A Blow-Off Top …
We’re witnessing the greater fool theory taken to its logical extreme. Unfortunately, since a national government doesn’t have money of its own…
Continue readingJohn Rubino
The Number That Blows Up The World’s Financial Markets And Causes Mass Bankruptcy
We’re deluged with numbers these days, many of them huge, ominous departures from historical norms. But one matters more than the others…
Continue readingIs This The Biggest Financial Bubble Ever? Heck Yes It Is!
When this one pops there won’t be a lot of hiding places…
Continue readingAristocrats vs “We the People”
We’re stuck with this system, and the biggest financial bubble in human history…
Continue readingReddit Giveth, And Reddit Taketh Away
It’s like the whole thing never happened, leaving nothing but sleep deprivation in its wake. The lesson? Actually, there are several…
Continue readingWhen Wall Street Predator Becomes Wall Street Prey
It’s as if the Super Bowl audience started rushing the field and tackling Tom Brady for a loss – on every play…
Continue readingThe Bailout Binge Begins
President-Elect Biden just proposed that $10,000 of student debt be forgiven for each borrower. This sounds generous but is actually just the opening bid in a…
Continue readingAnother Nail In The Coffin Of Big Cities
The next few weeks of relative peace are looking like a very temporary reprieve…
Continue readingIT’S A LOCK: The Two BEST Interviews Of 2021
It may seem a bit early by already declaring the “best-ofs” for 2021. But this is a lock…
Continue readingOverconfidence Meets Impatience To Set Up The Crash Of 2021
The stimulus bill was both paltry, below $1 trillion, which is chump change in today’s hyperinflationary world, and hard to cobble together. The next one…
Continue readingExtreme Charts: Weirdest Year In US Economic History
If “weird” equals “bad” in economics, which it frequently does, the odds of this ending well are rapidly approaching zero…
Continue readingExtreme Charts: Insanely Overvalued
Calling the US stock market “expensive” is like calling the sun “warm.” It really doesn’t do it justice…
Continue readingJohn Rubino: Brutal Economy In 2021
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Main Street seems primed to spiral out of control while the financial markets take on the look of insanity. We could be in for a chaotic few months…
Continue readingInflation Is Back, Big-Time
Price increases have morphed from isolated to wide-spread, and it’s just a matter of time before people start to…
Continue readingEXTREME CHARTS: Visualizing The Underlying Trends
Mr. Market is apparently looking beyond the bleak present to a future utopia in which..
Continue readingWaiting for the Next Herbert Hoover
What will be the unfolding issues of 2021?
Continue readingLearning The Wrong Lesson From World War II Debt
We had already decided that debt didn’t matter before the pandemic hit, which makes it easy to rationalize war-time levels of…
Continue readingMass Layoffs Coming One Way or Another
“…massive layoffs of city and state workers and turmoil in the bond market. That kind of thing alone is enough to send the U.S. back into…”
Continue readingThis Is How A State Goes Bankrupt, Illinois Edition
Even in the absence of a pandemic lockdown, mass defaults on state and city obligations would be inevitable. Now, defaults are coming next year…
Continue readingWhy Stocks Are A Bad Place To Be (In One Table And Three Charts)
The stock market looks very familiar to financial historians, but not in a good way…
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