Next Week the Fed – Heat’s on – Lost Tool Quest

There’s not a hell of a lot to yammer about this morning.  So let’s! We could talk about real estate changing hands in eastern Ukraine I suppose: Russia-Ukraine war: Sievierodonetsk and Lysychansk being ‘levelled’, says Luhansk governor, as Russian shelling intensifies.  Real estate values seem to be dropping? Or, we could talk about the Israelis … Read More

ShopTalk Sunday: Second Depression Fix-It Shops?

Play before Work, I always say. (But never actually do.) Where is the Welder Review??? There’s a “dog ate my welder” story in here… Today was scheduled to be a review of that Chineseum knock-off of the Smith Little Torch.  That one retails on the Zon for (take a look).  While the Chineseum was under $25-bucks – … Read More

Advice from Captain Gooding

Two parts to this morning’s report.  First, the non-mathematical reason why economic depression is semi-inevitable.  Stay tuned. It follows-on from wild price appreciation coming to virtually everything this fall. After the “theory class” we hear from a long-time source – who has taken on a new nom de plume (moniker) although at the same rank).  … Read More

Biden’s Three-War Monte, Side of Guns, Drought, Collapse

Let’s see how well we can summarize what has been an ugly political opera this week remembering that old Joe South song from my rock ‘n roll pass: Games People Play. Three-War Monte is the aware person’s war metaphor for the old carnie game: “…also known as Find the Lady and Three-card Trick – is a confidence game in which the victims, … Read More

Job Numbers Roll, Jamie Diamond Warns

Before we get into the nuts and bolts of this morning’s two job reports (ADP and Challenger), I think there’s some dandy prepping advice to be had in a read of Jamie Dimon says ‘brace yourself’ for an economic hurricane caused by the Fed and Ukraine war. This entire attempt – at skipping a Depression – … Read More

Mapping the Second Depression Ahead

Ever since December 2021, when we began advising it was time to learn gardening, conditions have been building toward Depression before 2023.  Even our moderate case for economic calamity, though, has gained strength as the modern Fed – while avoiding the same mistake of the 1929 Fed – has also mis-stepped and made up new … Read More