Bubble Epoch News Today

Not a good situation for the banks holding commercial property loans. Their collateral is falling in value as their borrowers have trouble repaying or refinancing their loans.

Yesterday, the major indexes rose; the bounce continues. But it won’t save the disruptors. They’re getting disrupted anyway. Bankman is bankrupt. Carvana crashed when used car prices went back to normal. Zillow, the real estate database, was wrecked when its algorithm failed to notice mortgage rates heading back to normal. Meme stocks — like GameStop — are being un-memed. And Beyond Meat — the turkey’s great hope — is almost beyond hope.

A lot of red on the screen last Thursday. The latest inflation readings were worse than expected. The Dow dropped 500 points. Remember, we’re only in the very first stage of what we believe will be a multistage disaster

What’s great about the US is that anyone can grow up to be president…or win a Nobel Prize.Donald Trump proved the first point. Now, Ben Bernanke has proved the second.

The great bubble distorted markets. It distorted the economy. It distorted politics and government. It distorted everything.

Getting back to normal probably won’t happen. Too much of our economy now depends on very abnormal interest rates.

Once an economy has gotten used to big doses of cheap money (artificially low interest rates…deficits…quantitative easing, etc.), trying to go back to normal monetary policies is painful.

The Fed has walked off the job. It’s no longer spiking the punch and inflating the economy. But the music is still playing; once underway, inflation can be hard to stop.

Stocks wobbled on Friday, up…down…but ended the day with the Dow below 30,000. What will happen today? Tomorrow? We don’t know.

YOUGHAL, IRELAND – A dear reader described today’s money landscape in stark terms. Here’s Michael M.: Wait, you wouldn’t pay 10 cents for a 1,700% return?! Why am I reading you?!? Lol. I call BS. If I told you I invested a few sheckles in some goofy tech startup with a sexy story and it shot up 1,700%, you’d invite me to write for one of your rags. My stock portfolio is up/down single or double digits. My crypto portfolio is up 785%. Who cares whether I make my money at DraftKings or ...