Economists Place 70% Chance for US Recession in 2023
Economists Place 70% Chance for US Recession in 2023
While Wells-Fargo goes on a Christmas fine spending spree
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
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