The Daily Doom
Economic, Social and Political News about the Great Collapse
Note: As you know, I decided three months ago to experiment with a 3-4 month free trial of this daily financial/economic newsletter to see if the concept has the potential popularity to succeed. For The Daily Doom to continue into the fourth month, I'll now need to hear a solid number of comments from people saying they value the service enough to switch eventually to a paid subscription. You can comment at the bottom of today’s post here Substack or via a reply email to today’s free email edition if that is how you are reading this to let me know if you are one who would likely pay $5 for a monthly subscription next year.
Economica (stocks in bondage, bonds in the stockade, market madness, etc.)
Cracks in the US Treasury bond market are showing through
Amazon launches virtual healthcare clinic
What if the Fed’s Economic Projections Are Just Wrong?
Target shares plunge after retailer reports profit declines, warns of soft holiday quarter
US retail sales rose 1.3% last month, a sign of resilience
Student debt forgiveness is on hold for now—here’s why it’s blocked and what could happen next
Earnings Estimates Plunged as Stocks Rose
Housing Bubble Bust 2.0 (including commercial & global real estate)
Headline Says it All: Mortgage Rates Could Tank Home Prices by 20%, Fed Study Finds
Homebuilder sentiment drops to a decade low, as builders add more buyer incentives
Sharp drop in mortgage rates does little to boost demand
Lowe’s reports revenue increase due to home improvements, beating Wall Street’s expectations
China’s Oct. new-home prices fall at fastest annual pace in 7 years
South Korean Apartment Prices Drop at Steepest Pace in Two Decades
Money Matters (monetary policy, gold, silver, cryptos & currency wars)
The Money of the Apocalypse is Rising in US Banks from the Ashes of the Cryptocrisis THIS WEEK!
FTX Implosion Leads to Chaos in the Streets
Dominoes: BlockFi preps for bankruptcy as FTX contagion spreads
Genesis Trading suspends redemptions and new loans in wake of FTX
Size, scope of FTX failure gets clearer as users fear worst
Famished & Enflamed (sanctions, shortages, famines & fires)
Tankers “Race” to Secure More Energy Supplies for the EU
Overinflated (too much money chasing too few goods)
ECB Warns Record Inflation Spells Trouble for Banks and States
Bets on $200 Oil Surge as Traders Eye Extreme Volatility
Diesel Price Premium to Gasoline and Crude Hits Record High
Extreme Market Volatility Spares Crude Oil Sector … for Now
War, Cyberwar, Civil Conflicts & Unrest
At least two dead after missiles land in NATO state Poland on Ukraine border
Poland, NATO say missile strike wasn’t a Russian attack
Russia pounds Ukraine in heaviest civilian infrastructure missile strikes of war
NATO allies wake up to Moscow supremacy in Arctic
Japan scrambles fighters for Chinese aircraft near Okinawa
Israeli Tanker Hit by Iranian Drone Off Oman Coast
DoD fails audit, sees Ukraine as ‘teachable moment’ in accountability
Politics & Social Decay
Trump seeks White House again amid GOP losses, legal probes
Christie applauded after bashing Trump at GOP governor meeting
Broadcast networks take a pass on Trump campaign announcement
Republican infighting roils Congress as midterms fallout continues
Globalism, Authoritarianism, Invasive Government & Censorship
Elon Musk gives employees two days to commit to 'hardcore' Twitter or lose their jobs
"Alameda borrowed money to invest in failing digital asset firms this spring and summer to keep the industry afloat, then reportedly siphoned off FTX customers’ deposits." Reportedly? Pretty easy to find out- just ask them! (Real investigative reporting, this.)