The Daily Doom
Economic, Social and Political News about the Great Collapse
Economica (stocks in bondage, bonds in the stockade, market madness, etc.)
Stocks More Oversold Than Covid Crash, But Goldman Traders See Even More Pain
Dow tumbled 686 points mid-day as relief rally from Bank of England faded
FACEBOOK scrambles to escape stock's death spiral as users flee, sales drop
Facebook Announces Hiring Freeze, Warns Of "Team Restructuring"
This Looks a Lot Like the Dot-Com Bust With One Big Difference — Inflation
SoftBank's Vision Fund Cutting "At Least" 150 Employees, About 30% Of Its Workforce
"Horrendous" CarMax Results Confirm Fed Has Successfully Pushed US Economy Off a Cliff
Even Larry Summers Can See We’re in Trouble
Signs Are Pointing Toward Equities Panic
China’s Recovery Falters with No Easing of Covid, Housing Risks
BofA Strategists See Wall Street Rout Forcing Asset Sales
Banks Dealt Fresh Blow With Collapse of Brightspeed Debt Sale
UK government bond tumult hits US and European markets as "tail wags the dog"
Housing Bubble Bust 2.0 (including commercial & global real estate)
China Tells Banks to Provide $85 Billion in Property Funding to Prevent Total Bubble Collapse
“Last great short seller” says China Real-Estate Bust Not Getting Enough Attention
Money Matters (monetary policy, gold, silver, cryptos & currency wars)
Yuan at the Mercy of Overseas Traders Puts China on Alert
BOJ Boosts Bond Buying to Cap Yields Pressured by Global Swings
Famished & Enflamed (sanctions, shortages, famines & fires)
Germany’s Energy Supply Situation Is ‘Extremely Tense’
Overinflated (too much money chasing too few goods)
Fed’s preferred gauge shows inflation accelerated even more than expected in August
Euro zone inflation soars to a record 10%, piling pressure on the European Central Bank
Unrelenting inflation is taking a toll, leaving more Americans living paycheck to paycheck
War, Cyberwar, Civil Conflicts & Unrest
Putin Says Annex of Four Regions Is ‘Forever’
Nuclear Worries Rise As Putin Declares Four Ukrainian Regions As Part Of Russia as “the only choice”
Armenia to Buy $250 Million in Arms from India in Major Pivot Away from Russia
Politics & Social Decay
First openly trans Army officer arrested as 'Russian spy'
Winds of Change (extreme weather, climate change & green energy)
DeSantis declares '500-year flood -never seen a storm surge of this magnitude'
The effects of Ian on southwest Florida are everywhere and will take months to clean up
Surviving Ian: Narrow escapes, harrowing rescues, floodwater fish
Ian regains its speed and heads for landfall in Carolinas as a Cat-1 hurricane