The Bear is Uncaged … Again
Financial writers and the Fed keep missing the obvious again and again ...
Photo by Philip Timms | CC BY-SA 4.0, via Wikimedia Commons
There is no excuse for financial writers not to see the disaster that is coming when we’ve been through these cycles before to the point where they are predictable. Worse, yet, they don’t even seem them AS THEY ARE HAPPENING! We got a huge load of those happenings this year: The financial experts didn’t see that inflation was growing, even as it was happening last year and this year. They didn’t see that inflation was not transitory, even as it kept rising. They didn’t see two quarters of negative GDP coming. They didn’t see ALL SUMMER LONG that there was no way the Fed would pivot back to loose financial policy, even though it was obvious that it would not because it CANNOT legally do so. 2022 has, in fact, been the boldest display of proven Fed error, as well as stock-market error and greed and delusional thinking we’ve seen in decades. And, when it all comes down, they will, again, say, “No one could have seen all of this coming.”
Economica (stocks in bondage, bonds in the stockade, market madness, etc.)
Wall St Chorus Grows Louder Warning That 2023 Will Be Ugly
China's November exports and imports shrink worse than forecasts
Blackstone's Credit Fund Reaches Withdrawal Limit
Euro-Zone Economy Grew Marginally More Than Estimated in Third Quarter on Cusp of Recession
Carvana Shares Tank as Bankruptcy Concerns Grow for Used Car Retailer
Personal Savings Rate Crashes to Second Lowest on Record
Housing Bubble Bust 2.0 (including commercial & global real estate)
Economists: Housing recession has already arrived
Mortgage demand falls again even as mortgage interest sinks further
Money Matters (monetary policy, gold, silver, cryptos & currency wars)
Elizabeth Warren's tough-on-crypto bill is taking shape
War, Cyberwar, Civil Conflicts & Unrest
Time Names Zelensky Person of Year
Germany Arrests Dozens Suspected of Planning to Overthrow Government
Putin: Risk Of Nuclear War "Rising", Will Defend Russia "By All Available Means
Politics & Social Decay
Democratic Sen. Warnock defeats Republican Walker in Georgia runoff
Trump Organization convicted in executive tax dodge scheme on all seventeen counts
Virginia restaurant refused service to conservative Christian group over LGBTQ beliefs
Globalism, Authoritarianism, Invasive Government & Censorship
A Pox Upon Us (the plagues & pandemic policing of the 2020’s)
China to Ease Quarantine, Mass Testing in Nationwide Covid Move Due to Public Discontent
China’s sudden move away from zero-Covid may bring dark days ahead
Off-the-Beat or Just Plain Offbeat News
‘Avatar 2’ Stuns Press in Rave First Reactions: ‘Visual Masterpiece,‘ ‘Mind-Blowing,’