BlackRock says we’re all doomed. It’s being optimistic. The world’s largest asset manager has forecast systemic economic chaos.

via opendemocracy: The working assumption, for governments and central banks across the world, is that at some point soon everything will get back to ‘normal’ – our economies will return to either pre-pandemic or, sometimes, even pre-2008 crash levels. These beliefs …

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We are doomed for a recession.

Earnings contribution of the top 10 in the S&P 500 is down from 34% to 20% $SPY pic.twitter.com/kOjy4TJQYZ — Mike Zaccardi, CFA, CMT 🍖 (@MikeZaccardi) August 3, 2022 Home Prices Fall Most Since Great Recession. “In Denver, previously one of the …

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Europe is doomed

Translation from German: “This escalator is NOT defective. This escalator is currently contributing to climate protection and reducing energy consumption. Please use another escalator or elevator.” 🤡 Europe is doomed. pic.twitter.com/3EargFo81y — Dr. Eli David (@DrEliDavid) July 31, 2022 The …

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The Tech bubble is DOOMED. It’s collapsing for the same reason it collapsed in Y2K – slowing growth AND a Fed eager to make up for lost time.

by BoatSurfer600 So why does EVERYTHING feel like it's about meltdown? Piper Sandler chart pretty much explains it. Financial conditions were tightened gigantically and quickly by the financial mkts themselves. Liquidity destroyed in unprecedented fashion. Severe economic slowdown coming. pic.twitter.com/MVqhP2Ed3D …

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Sweden has just doomed itself

Backstabbing centrist parties have given Sweden’s socialist prime minister four more years of rule and agreed to an increase in mass migration.   Goodbye, Sweden. Imagine politically maneuvering for your own extermination. https://www.telegraph.co.uk/news/2019/01/11/swedens-parties-reach-deal-keep-far-right-sweden-democrats-influence/ https://www.bloomberg.com/news/articles/2019-01-13/tense-days-await-sweden-to-seal-deal-rejecting-nationalists https://www.bloomberg.com/news/articles/2019-01-11/sweden-social-democrats-reach-government-deal-aftonbladet-says   h/t Matt

Baby Boomer Pensions Are Doomed

BY JOHN MAULDIN There’s been a wave of public school teacher strikes around the US. It started in West Virginia and spread to Kentucky, Oklahoma, Arizona, and elsewhere. Pensions have been an issue in all of them. Demographic and economic reality says that …

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