Category: Economics

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SOFT LANDING: not on the menu

At this point, people should be cognizant of the fact that THERE WILL BE NO SOFT LANDING.

This show goes on until it can’t.

(and then comes non-linearity, discontinuity, and brutal cascading failure)

The only “soft landing” is the pet name Jerome Powell has for his helicopter on hot standby.

REMEMBER WHAT YELLEN SAID, A FEW YEARS AGO: “There won’t be another recession in my lifetime.” (inadvertently telling the truth)

Link: https://www.zerohedge.com/economics/complete-paralysis-just-1-us-homes-have-changed-hands-2023-lowest-share-record

Link: https://www.zerohedge.com/markets/green-shoots-again-early-signs-earnings-could-soon-turn-corner

Link: https://www.zerohedge.com/markets/kim-kardashians-underwear-company-valued-4-billion

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JOB MARKET

Some truth about the job market right now:

Online Job Engine User 1: “A lot of great jobs in New York, too bad I’m in Utah …”

Online Job Engine User 2: “A lot of great jobs in Utah, too bad I’m in New York …”

(and does it work like that dating site when you first log on?)

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The US economy …

“The US economy isn’t really a ‘free market’: it’s a network of linked and crooked casinos, the games at each casino might be sort of honest, but the linkages are corrupt as hell.” – Dr. Freckles

It’s not that traditional tools for financial analysis don’t work – they do: but if you disregard the crony nature of how things work, you are unlikely to make wise bets.

The TINA/FOMO BTFD folks were right all those years, and the rest of us screaming “bloody murder” were wrong – principles be damned, the death star economy is not about principles.

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Money free inflation …

“Funny thing about inflation: it doesn’t mean much if you don’t have any money.” – Dr. Freckles

Yes – there’s been inflation.

No – I can’t say that the amount of free cash out there has been very extensive. Seems like poor folks still don’t have any cash – so if you have nothing, it’s kind of irrelevant what the price is.