Soaring Food & Energy Costs Spark Rebound In Producer Prices
Producer Prices rebounded MoM in May with headline Final Demand PPI rising 0.4% (against +0.1% exp) but it left PPI YoY still down 0.8%… Source: Bloomberg Some serious dispersion in the various sector’s price swings… This rebound was driven by a record surge in food prices… Source: Bloomberg Two-thirds of the May increase in the index…
Civil War 2.0 Weather Report: The Tsunami Begins, But You Knew That…
If we can stop him, we shall prevent the collapse of Western Civilization. No pressure.” – Sherlock Holmes: A Game of Shadows In the first issue of the Civil War Weather Report, I put together ten steps to a new civil war. I did not expect that on the one year anniversary of that first report we’d move from step…
Pandemic, Economic Collapse, Full Societal Breakdown
“And the will of Zeus was moving towards its end.” – Homer Symbiotic Disharmony The recline and flail of western civilization beats on. Pandemic, economic collapse, full societal breakdown. The sequence grooves from one to the next with the symbiotic disharmony of a minor pentatonic scale. Peaceful protests devolved to rioting, looting, and structure fires…
JPMorgan Is “Counting The Days” Until The Second Covid Wave
As governments ease lockdown restrictions, attention is focused on the risk of a second wave of COVID-19 infections. And, as JPMorgan writes, “the message from most people is: so far, so good, although as everyone also recognizes the lags with COVID-19 are long, so that three-to-four weeks need to pass in order to see how…
“It’s All Bullsh*t” – 3 Leaks That Sink The COVID Narrative
In recent days a series of leaks across the globe have further shown the “official line” on coronavirus does not hold water… The science of the coronavirus is not disputed. It is well documented and openly admitted: Most people won’t get the virus. Most of the people who get it won’t display symptoms. Most of the…
Central Banks Are Destroying What Was Left Of Free Markets
President Reagan memorably said that the nine words you don’t want to hear are “I’m from the government, and I’m here to help.” Governments in all the major jurisdictions are now making good on that unwanted promise and are taking responsibility for everything from our shoulders. Those receiving subsidies and loan guarantees are no doubt grateful,…
Bankruptcy Tsunami Begins: Thousands Of Default Notices Are “Flying Out The Door”
Two weeks ago, when showing the uncanny correlation between defaults and the unemployment rates, we predicted that the number of Chapter 11 filings that is about to flood the US will be nothing short of biblical. All that was missing was a catalyst… and according to Bloomberg that catalyst arrived in the past week or…
Snyder: Fear Of COVID-19 Has Absolutely Destroyed America’s Future
Authored by Michael Snyder via The End of The American Dream blog, Very few people are talking about it, and even fewer are bothering to object, but by borrowing and spending so much money our politicians are essentially feeding America’s financial future into a wood chipper. It took from the founding of our country all…
Wall Street Caught Short Again As “Money Printer Go BRRRRRR To 11”
With US stocks soaring to start the week on the combination of Powell’s 60 Minutes affirmation that the Fed’s money printer go BRRRRR to 11 (as Nomura’s Charlie McElligott poetically puts it) coupled with favorable news of a coronavirus vaccine trial by Moderna (which saw favorable results in a group of 8 “young and healthy” volunteers), the bulk of…
The National Debt Clock Is Flashing A Major Red Alert!
The National Debt Clock is flashing a major warning, Red Alert! this morning while working on another article I happened to glance at this indicator and recoiled in horror. While most people are aware the national debt has exploded, it brought my focus back to this subject. Many of us that watch the economy closely…