The Daily Doom

Economic, Social and Political News about the Great Collapse

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

One of Wall Street’s best bubble spotters says we’re still in the middle of a ‘superbubble’, and the economy’s real downturn has yet to come

Stocks fall to start September as market reels on worries of rising rates

Jobless claims total 232,000, the lowest level in two months

Yield curve gets more hideous as 2-year Treasury yield hits highest level since 2007 to start September as traders look ahead to jobs...

European Bonds Extend Losses With Specter of Larger Hike Looming

Bed Bath & Beyond Closing 120 Stores, Laying off 20% of Corporate After Securing $500m in Financing

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

MILLIONS of Americans to be EVICTED from their homes as economic collapse accelerates

Australia House Prices Record Steepest Drop in Four Decades

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

Sterling, euro and yen slide as dollar marches higher

China Sets Stronger-Than-Expected Yuan Fixing for Seventh Day

Rising inflation expectations pressure Bank of England

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

California Declares Grid Emergency, Warning of Blackouts

Russia Exported Record Amounts of Crude in August

Overinflated (too much money chasing too few goods)

Lufthansa to cancel 800 flights on Friday due to pilots’ strike over cost-of-living adjustments

Oil Sinks Further to Test OPEC’s Resolve Amid Demand Concerns

German Power Prices Snap Lower

Runaway Inflation in the Eurozone, which Kicked Off in mid-2021, Sets New Record, Wakes Up even Ridiculously Reckless ECB

War, Cyberwar, Civil Conflicts & Unrest

Taiwan shoots down drone as China tensions simmer...

Taiwan Tycoon To Train Three Million 'Civilian Warriors'

Russia launches war games with China amid tensions with US

Zaporizhzhya Nuclear Plant Inspection Delayed As Shelling Continues

Politics & Social Decay

Bank of America announces zero down payment, zero closing cost mortgages for Black and Hispanic first-time homebuyers

Justice filing points to new legal trouble for Trump and lawyers, experts say

Prosecutions 'Nonexistent' in Hate Crimes Cases Against NY Jews...

Joe Biden gets breakthroughs on his agenda that long eluded Barack Obama. Who understands the presidency best?

Texas Gov. Greg Abbott plans to bus migrants to more sanctuary cities across America – Let them have what they want

How the Mainstream Media Will Get the Cold War Wrong in Covering Mikhail Gorbachev’s Death and US Contribution to Russian Liberation

Images Lay Bare the Vagrancy and Drug Epidemic on San Francisco Streets

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

Death Valley braces for 124-degree temps as heat wave broils...but it's seen far worse

CA asks residents not to charge EVs -- days after announcing gas car ban...

The world’s biggest offshore wind farm is now fully operational

Bed Bath & Beyond Closing 120 Stores, Laying off 20% of Corporate After Securing $500m in Financing

Honda: Lithium-Ion EV’s Won’t Reach Price Parity with Gasoline Cars

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

Due to Covid isolation, test scores in school math, reading plummet to levels unseen for decades...

Back to Lockdowns: Chengdu locks down 21.2 million people as Chinese cities battle Covid-19

Off-the-Beat or Just Plain Offbeat News

Serena Williams stuns with upset win at U.S. Open

Creative Collapse (cartoons, humor & other creative expressions)

I Wish We All Could Leave California (Beach Boys Parody)