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Economists Place 70% Chance for US Recession in 2023

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Economists Place 70% Chance for US Recession in 2023

While Wells-Fargo goes on a Christmas fine spending spree

Dec 20, 2022
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Economists Place 70% Chance for US Recession in 2023

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Economists aren’t the sharpest knives on the Christmas tree. They typically predict a high likelihood of a recession when we are already in one. It’s like a weather person predicting rain to begin later today while standing under a dripping umbrella. This week economists join in unison to predict a 70% chance of recession next year. And, not the brightest knives in the lightbulb drawer, are big banks like Wells Fargo that never learn from their crime losses. Wells seems intent on building its reputation as the ugliest shark in the pond and gets slapped with billions in fines. Until courts and regulators start sucking 100% of all fines out of the personal wealth of CEOs and board members first, then out of the company, the crime will continue. Time to rewrite corporate laws to force more direct accountability, and if you can’t handle that heat, stop lighting fires. Meanwhile, idiotic market denial still dominates financial writing in spite of the fact that Jerome Powell has become increasingly hawkish at every FOMC meeting.

Economica (stocks in bondage, bonds in the stockade, market madness, etc.)

Economists Place 70% Chance for US Recession in 2023

Wells Fargo Ordered To Pay $3.7 Billion Over Widespread Illegal Activity

Global Markets Jolted as BOJ Surprises with Yield Policy Change

If Stocks Don’t Hold This Line… They Could Lose Another 44%-55% Easily

The Next Shoe to Drop: Buybacks

State AGs Sound The Alarm About BlackRock, Vanguard Buying Large Stakes In Utilities

With every FOMC meeting, Jerome Powell has become more hawkish, but market denial still dominates

Housing Bubble Bust 2.0 (including commercial & global real estate)

U.S. single-family housing starts, building permits plunge in November

San Francisco & Silicon Valley Housing Markets See Huge Price Drops as Crypto, Tech, & Social Media Create Total Mess

Money Matters (monetary policy, gold, silver, cryptos & currency wars)

Spike In Fed Discount Window Usage Hints At Looming Bank Crisis

FTX founder Bankman-Fried sent back to Bahamas jail in day of courtroom chaos

BOJ Blindsides Traders to Echo Christmas Day Shock of 1989

Is Gold Still A Good Hedge Against Inflation?

Gold Stocks Outperform Bullion

Famished & Enflamed (sanctions, shortages, famines & fires)

Germany Has Dramatically Slashed Its Dependence On Russian Gas

War, Cyberwar, Civil Conflicts & Unrest

Kremlin: "US & Russia On The Brink Of A Direct Clash" In Ukraine

One Killed in Ukrainian Shelling of Russia’s Belgorod Region

Putin thought he'd crush Ukraine in 13 hours!

Russian Soldiers Surrender to Drones

Politics & Social Decay

Committee condemns Trump as 'central cause' of insurrection in sweeping report

The Don Faces Week of Big Headaches

Trump 'Politically vulnerable' like never before

Protesters swarm NYC library hosting Drag Story Hour

A Great Madness Sweeps the Land

Globalism, Authoritarianism, Invasive Government & Censorship

Rhode Island Ban On High-Capacity Firearm Magazines Delcared Constitutional

"Insane, Brave, Karen": Stanford Drops New Woke List Of Verboten Language

Ron Paul: ‘Twitter Files’ Make it Clear: We Must Abolish the FBI

Winds of Change (extreme weather, climate change & green energy)

Texas Power Grid Faces Crucial Moment Ahead Of Single Digit Temperatures

Auto executives are less confident in EV adoption than they were a year ago

Not a ‘panacea’: UK lawmakers play down hydrogen’s role in net-zero shift

A Pox Upon Us (the plagues & pandemic policing of the 2020’s)

Actor Tim Robbins Expresses Regret For His Support Of Covid Authoritarianism

Off-the-Beat or Just Plain Offbeat News

Harvey Weinstein found guilty of rape … again … in Los Angeles trial

6.4-magnitude earthquake hits Northern California

California's Humboldt County Reports "Widespread Damage" After Powerful Earthquake

Creative Collapse (cartoons, humor & other creative expressions)

Journalists Warn Of Frightening Trend Where Rules Apply To Them

Hallmark Researchers Say They Are Close To Developing A Second Christmas Movie Plot

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Economists Place 70% Chance for US Recession in 2023

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