The Immense China Housing Bubble Is Rolling Over
Contra Corner The Immense China Housing Bubble Is Rolling Over – David Stockman’s Contra Corner
Stockman’s Corner
Slithering Toward Recession
The third revision of Q1 GDP is supposedly ancient history, but still there was some noise in this morning’s numbers that wasn’t all that.
Joe Biden Goes A Beggaring
It looks like the Fed still has a lot of anti-inflation wood to chop. The April Case-Shiller 20-City Average came in at a record +21.2% on a Y/Y basis, thereby topping by a considerable margin peak gains during the Greenspan housing bubble. Yes, they don’t include housing prices in the CPI or PCE deflator anymore, …
Washington’s Sanctions War Kneecaps The West, Not Russia
Washington’s cowardly proxy war against Russia reached a new level of absurdity over the weekend.
Vlad Putin Channels Milton Friedman While The Fed’s Money-Pumpers Cut And Run
Things have come to a pretty pathetic pass when it takes Vlad Putin to explain why inflation is at 8.6% Y/Y and heading fast toward double digits.
America’s Spasmodic Economy, Part 2
Who said Joe Biden isn’t in touch with main street America?
America’s Spasmodic Economy, Part 1
The Biden Administration’s utterly idiotic plan to enact a three-month holiday from the 18.4 cents per gallon Federal gas tax should be a wake-up call with respect to a far broader and more destructive threat. To wit, the US economy has lost its market-based bearings and is now behaving like a spasmodic heap of discord, …
Brrrr! Crypto Winter In June
Now we know. The only thing worse than the bad fiat money of the central banks is the fake crypto coins that Wall Street speculators threw into their steaming pots of speculation as the Everything Bubble reached its apotheosis.
November Election Update: Now Comes The-Mother-Of-All-Wipeouts
The more officialdom fiddles with the economy, the more stuff goes awry or even kerflooey. The latest instance is the new auto market, where vehicles for sale are still ultra-scarce but even then dealers have the wrong models on their showroom floors.