Two simple regulations would drive a stake through Wall Street’s corrupt, evil heart.While the corporate media is focused on the presidential election, perhaps the more interesting question is: could Wall Street Lose the election? That is, could W…
A fully financialized, totally debt and speculation-dependent economy is terminal once leverage and debt stop expanding exponentially.We all know the movie scene in which the character is wounded but dismisses it as no big deal, and then lurches into t…
The reliance on “good news” narratives dooms our financial system and economy to a death spiral once reality breaks through the induced euphoria.”Markets” that never go down aren’t markets, they’re signaling mechanisms of the Powers That Be. Marke…
The pandemic and the responses to the pandemic have been continuous sources of stress.
Social media offers hope of achieving higher social status, something that is increasingly out of reach in our winner-take-most economy.
Few appear willing to follow the probabilities of a future in which a vaccine cannot possibly be the “magic cure” everyone wants.Let’s attempt the impossible and set aside all preconceptions we might have about a vaccine for Covid-19, and think it thro…
The self-sustaining recovery is a fantasy that’s evaporated.What looks like a powerful, can’t-lose rally to newbies is recognized as distribution by old hands. In low-volume markets (as in the past few months), insiders holding large pos…
No federal bailout or stimulus can reverse these three dynamics, and no amount of legerdemain can replace the spending of the top 10%.Few of those anxiously seeking a rebound in consumer spending take into account the top 10% of households account for …
Not only is our lifestyle on back-order, so is our sanity.Yesterday I mentioned our collective inability to make sense of the contradictory messages of the status quo and our own experience. This inability to reconcile completely contradictory mes…
The abyss between the Fed’s illusion of phantom wealth for Wall Street and the collapse of Main Street is bottomless, and our descent into the abyss is accelerating.I know this runs counter to every dominant narrative, but a vaccine doesn’t really matt…
