Will Debt Sink the American Empire?
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Will Debt Sink the American Empire? America is "cruising" into an uncharted sea of federal debt, with a government seemingly incapable of turning it around. In ... Read more.
Are We Already in Recession?
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My base case has been that we're repeating the 1970s disaster driven by out-of-control government spending and out-of-control Fed money printing. The official n... Read more.
Is the Global Inflationary Depression Already Here?
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Going back to that commercial real estate crisis, for the New York Times story, most of the large banks would not talk to reporters doing the story. It’s a do... Read more.
The 3 Drivers of US Consumers Hit a Wall
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In short, consumer spending over the past year has been propped up by 3 things: incomes, savings, and debt. All are now out of runway.... Read more.
Renters and Owners Live in Separate Economies
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In short, renters are in dire straits financially, while homeowners are "continuing to reap the rewards" of cheap pandemic money that left renters with nothing ... Read more.
Media: Gen Z is Doomed
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Years after the fact, the mainstream media is discovering that Gen Z is doomed. As CNN puts it, Gen Z is "earning less, has more debt, and higher delinquency ra... Read more.
The Rich Get Richer: Thank the Fed
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As long as we have a central bank the rich will get richer, and the poor will get inflation. With the Fed eyeing a repeat of the 2022 inflation, America's rich ... Read more.
Fiscal Collapse Accelerates
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Every fiscal trend is in the wrong direction. We're already at $2 trillion deficit, it will soar by trillions when recession hits. And it will keep churning wi... Read more.
The Meltdown of Commercial Real Estate
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In case you've still got money in a bank, Bloomberg is warning that defaults in commercial real estate loans could "topple" hundreds of US banks.... Read more.
Americans Don’t Believe Joe Biden’s Data
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It's progress for mainstream media to even consider the possibility that Americans might have a point when they say things are tough. Still, we've got a ways to... Read more.
$2.7 Trillion Buys “Spectacular” GDP
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Fresh GDP numbers came in and it was a blowout. The kind of blowout that only a $2.7 trillion government deficit can buy while the private economy crumbles arou... Read more.