recession

Today was a Tranny Kind of Day in the News

by John Galt May 12, 2016 18:20 ET I can not make all the bullshit that was in the news today: Caitlyn Jenner Experienced ‘Sex Change Regret,’ Might De-Transition, Biographer Says After all the idiocy, really? She/he/it (Sheit for short) might get the titties and ass implants removed? From the article above published by TheWrap: Ian Halperin, the author of “Kardashian Dynasty: The Controversial Rise of America’s Royal Family,” said that, while researching his book, multiple sources told him that the former Olympian had been miserable for months and has considered…


Why Democrats Secretly WANT Donald Trump to Become President in 2016

by John Galt May 8, 2016 13:40 ET In the past months of political nonsense, unfair, and irrational comparisons have been made of one Donald J. Trump to the rallies Adolph Hitler used to hold. While the visual aura of individuals raising their arms in an oath to a political figure seems horrifying to most Americans; but if one understands the entertainer that is Trump, one would know that this was for show, not for some devious purpose like the school children who were forced in 2009 to sing songs of…


The Truth Behind Apple’s Dismal Earnings the MSM Won’t Report

by John Galt April 26, 2016 19:30 ET The headlines blared across the broadcast financial MSM and the internet as the 4:30 p.m. disaster unfolded on the superstar tech stock known as AAPL: Revenue missed. Earnings per share missed. The blame on television went from China to lack of innovation to absurd theories as to why Apple products must modernize and take advantage of their iWatch which in this writer’s opinion is just an overpriced toy for people to show their friends and say “look at me.” The reality? Apple is…


03.15 20:00 ET – Oil is Crashing and Burning like an Obama Rail Tanker Car

by John Galt March 15, 2015 20:00 ET Chart presented courtesy of FinViz.com as the real driving force in this decline is still being ignored by the financial propaganda, er, mainstream media: This would be a good time to build the Keystone pipeline because all of those railroad tank cars sitting on the Taggart Comet’s line may go boom like those who went long WTI at $50 thinking it was the bottom.


There’s that “Unexpected” word again: Italy Slides Back into Recession

by John Galt August 6, 2014 05:50 ET For some strange reason, the Italian stock market did not take this “unexpected” news very well: The headline from CNBC and Reuters says it all: Italy unexpectedly slides back into recession Excerpt from the story: Italy’s economy unexpectedly slid back into recession in the second quarter as gross domestic product shrank 0.2 percent from the first three months of the year, preliminary data showed on Wednesday. The result was below all forecasts in a Reuters survey of 25 analysts, which had pointed to…


The Mogambo Guru Speaks: The Big Mogambo Financial Supernova (TBMFS)

  by John Galt March 24, 2014 23:39 ET Uh-oh. He’s back with some serious wisdom about what is happening, via his own blog, MogamboGuru.com: The Big Mogambo Financial Supernova (TBMFS)   March 21, 2014 By: The Mogambo Guru The kids are suddenly big experts on “income inequality” since it has become the issue du jour lately, and are loudly whining and wondering why I have money to spend while they do not, which they consider completely unfair. As usual, they were not impressed with a loving father (me) taking some…


Time to Score this Blogger’s 2012 Predictions (Ugh)

  by John Galt December 30, 2012 15:00 ET   So how did I do?     First, unlike many bloggers, prognosticators, commentators, and hosts, I will refer to my predictions for this year that is about to end by reminding everyone they can see my mistaken and correct predictions of doom in this thread from my radio show and in this thread:   JohnGaltFLA.com Predictions for 2012   Let’s break this down, section by section and score it by +1 for correct, -1 for wrong, and of course “0” for…


07.15.12 AEP: Fed fiddles as America slides back into recession

  by John Galt July 15, 2012 16:05 ET   Ambrose Evans-Pritrchard doubles down on his criticism of the central banksters in tonight’s column in the U.K. Telegraph:   Fed fiddles as America slides back into recession   Is Mr. Pritchard supporting this discussion based on the statements of the ECRI only? From the article he states:   The Federal Reserve has drifted into fatalism, seeming to lose confidence in its own ability to shape events, displaying the same lack of “Rooseveltian resolve” as the Fed in the early 1930s —…


Italy Reports Businesses suffering a Credit Crunch

by John Galt May 22, 2012 17:45 ET   In a not so subtle article from the newspaper Adnkronos, the crisis in Italy is far from over and might indeed be accelerating:   Businesses suffering ‘credit crunch,’ report says   This excerpt from the story tells of a tale of woe growing month by month:   Italian businesses are facing a credit crunch,” according to a report by the national statistics agency.   Last year “modest investment activity was accompanied by a growth in the difficulty to access bank credit,” said…


2.2.12 Weekly Unemployment Claims: The Hype is just that

by John Galt February 2, 2012 17:15 ET   The Obama administration, Federal Reserve, and their compliant slugs in the mainstream media continue to ignore reality and issue glowing reports from the Department of Propaganda as usual. Reality? The non-seasonally adjusted claims continue to indicate that job creation is sluggish and akin to 0% growth or recessionary indications and the seasonal adjustments are purely political rather than statistical in nature. While the Fed and administration might well be pleased using inflation to reflect economic expansion, the lack of wage and employment…


2011 Housing Report: The Worst Year in Modern History

by John Galt January 29, 2012 22:00 ET There will be great discussion about the “recovery” of 2011, but the reality of just how dire the economy is for Main Street is best defined by the one asset the average soul attempts to hold up as their primary investment, the single family house. Unfortunately for the political elites, the disaster which was housing in 2007 is not much better in 2011 and in fact appears to be taking a sharp, decisive turn to the downside for a final impact crater which…


JohnGaltFLA.com Predictions for 2012

JohnGaltFLA Predictions for 2012   By John Galt January 1, 2012 – 17:00 ET I. Geopolitical Predictions          1. The United States constructs a new large military base in Columbia near the Venezuelan border in anticipation of the collapse of the Chavez regime. The new focus on South America is seen as a desire to refocus American foreign policy as the Middle East rejects any further interference from the United States. Columbia welcomes the action as it intertwines the U.S. into their internal conflicts and guarantees economic cooperation as their oil…


12.05 Federal Reserve Bank of Chicago Evans: U.S. Mired in Recession-Like Circumstances

By John Galt December 05, 2011 – 12:20 ET A fascinating speech from the Federal Reserve Bank of Chicago’s President Charles Evans was delivered today and just released via the Fed website: A Risk Management Approach to Monetary Policy To read the speech in full, click on the link above. Two fascinating statements from the speech caught my attention and should signal that there is a level of deep concern within the Fed hierarchy that is not being discussed by the financial media. First the idea that the U.S. economy and…


11.28 from Ambrose Evans-Pritchard: Your Oh Chit Moment

By John Galt November 28, 2011 – 16:20 ET Do you really need a “see I told you so” or would a wake the bleep up do? Ambrose Evans-Pritchard has penned a piece for tomorrow morning’s edition of the U.K. Telegraph which should either put you into Depends or force you to use Cyber-Monday to reinforce your supplies: Europe’s shrinking money supply flashes slump warning Personally, I do not think it is a warning. I think it is Lehmanesque capitulation. Got gold? Silver? Ammo? Read this from the article: “This is…


Removing the Nonsense about the Economy using CSX’s own Q3 Financial Report

By John Galt October 19, 2011 – 13:30 ET The story from CNBS today highlights the hypocrisy of today’s financial media and the fact that they would rather act as arms of propaganda for the regime, be it Democrat or Republican, in power, so as to convince your grandma to buy 20 shares of stock in any company so they can fleece her just one more time before she dies. CSX ‘Barometer’ Shows Improving US Economy: CEO The story at CNBC from Margo D. Beiler and highlighted on their insipid network…


As Q3 Ends the Big Crash Begins

By John Galt September 30, 2011 – 05:15 ET Ugh. On Tuesday’s radio show I outlined how the coming stock market crash will drastically impact the U.S. and world economies and the severity of what October’s nightmare might mean to the average citizen in the U.S. Needless to say, I did not paint a picture of unicorns flying overhead spewing rainbows and Skittles out of their rears. The stock markets are now technically set up for a 25-35% decline in October, most of which I think will occur in a one…



New Home Sales for August: More of the Same

By John Galt September 26, 2011 – 12:15 ET To say that this morning;s report from the Commerce Department was any encouragement about a long term economic recovery in the construction industry would be a major lie. The data continues to reflect and bounce along the long term bottom created by the speculative frenzy from the previous decade. The most interesting stats are reflected in the ongoing decline in sales for homes over $300,000. First chart for review is the monthly new home sales in total (Click on charts to enlarge/reduce…


9/23 US Market Pregame Show: Let the Friday Follies Begin

By John Galt September 23, 2011 – 05:01 ET Effective at 5 p.m. Wednesday, September 21, 2011 the most profitable company in America was: Any bar within walking distance of Wall Street. With thousands of financial industry workers facing layoffs, the Federal Reserve dropping their shorts and mooning the Obamites and retirees of the nation, and Main Street more concerned about the televised distractions of our Roman Circus based society, the world is sending a strong signal that the cyclical bear has departed from its cave and wants to chow down…


The Crash of Ages has Begun

By John Galt September 21, 2011 – 18:30 ET The battle of demographics, logic, and incompetence within the great American economic model is about to come to a head. The aging population with demands on the government for social programs and aid versus the younger, less educated, quasi-Marxist believers are incapable by and large of supporting the elderly, much less themselves. The United States government has demonstrated total incompetence doing the very basic function of balancing the budget and as a result, while wars rage around the world we are so…


9/21 Gold Says: Short term Deflation with a Worldwide Recession

By John Galt September 21, 2011 – 05:25 ET As many of my readers and listeners know, I am a huge proponent of pattern recognition not just within individual equities, markets, or commodities but in economic cycles also. Despite massive attempts at intervention in Europe and the United States, the actions since the summer of 2010 have been feeble at best, pathetic in reality. The chart pattern for gold was signaling a long term inflationary trend with the potential for hyperinflation until the double top was formed, creating a warning that…


Don’t Forget: FDIC Bank Failure Page from CalOkie

By John Galt September 14, 2011 – 11:00 ET Just a reminder: Click on the link in the upper right hand side of the page where the Economic Charts, Data, & Links box chocked full of charts is located to see all of the charts as the quietest month for bank failures is under way. The FDIC is deliberately trying to hide this problem as Cal’s graphic below illustrates:  


Dallas Fed Mfg. Outlook: Going down fast

By John Galt August 29, 2011 – 10:45 ET The outlook from the Dallas Federal Reserve Bank report on manufacturing has gone from bad to worse in the August survey. The general business activity index remained negative for the fourth month in a row and fell from –2 to –11.4 and indications within the survey tend to signal further declines in the immediate future. The index overall has reached the flat line which in and of itself is a bad indicator for the nation: This is an almost perfect duplication of…


Durable Goods Orders for July 2011: Mo-Mo v. Yo-Yo

By John Galt August 24, 2011 – 13:55 ET A little late posting this from the report this morning but I wanted to check some data and see if my hunch was correct. As usual, it was. Thankfully machinery and capital goods orders do look better but generally the headlines flashed across the screens this morning tell a tale of using month over month and year over year statistics to extract the most desirable headline. The trailing 6 month non-seasonally adjusted figure though shows a disturbing trend as the third quarter…


More Evidence of the impending Recession: Container Shipping Companies Worried about Decline

By John Galt August 14, 2011 – 12:00 ET As the talking heads begin their next relentless wave of “buy and hold” recommendations along with the “underlying economy is sound” nonsense while dismissing the potential for a recession just like they did in 2008, more evidence is appearing on the horizon that indeed world economic conditions are deteriorating. On Friday a story appeared in the Canadian news paper, The Globe and Mail, via the Financial Times of London which  is the clearest signal yet that the economies of the West are…


No Picture

See what happens when I make a Happy Happy Prediction: HUGE BLS Miss on Employment

By John Galt July 8, 2011 Uh, sell? Wow, I butchered that prediction but see what happens Mr. President when I try to follow the herd and read into the consensus that you’re BLS is going to fabricate a happy-happy joy-joy number? Only 18,000 net non-farm jobs added but I did nail the unemployment rate of 9.2% per the report from the BLS this morning. Look at the pretty red candlestick on the S&P futures: So much for the ADP report having a clue, once again. Meanwhile some “highlights” er lowlights…


No Picture

NFIB Economic Trends Report: No Reason for Optimism

  By John Galt June 14, 2011 The NFIB monthly Economic Trends Report for Small Businesses has been released and the information contained within offers little reason for optimism as reflected by their data. Small business optimism dropped again in May with a myriad of reasons being provided to indicate that small business will be limiting expansion and is indeed following our Irish brethren (see this posting) in moving into the “hunker down” or survival mode. The lack of optimism and apparent economic headwinds is reflected in this chart from the…


No Picture

6/1 Voice of Galt: Riding the Storm out-Economically and Hurricane Season Show

By John Galt June 1, 2011 All is calm? Uh, I don’t think so… The economy is a disaster. Hurricane season begins today. Are you prepared? Check out this series by clicking on this link from Impact Weather on the errors people make in Hurricane Preparedness. You can download the program by clicking on this link. Or click below to listen to the program here (FYI, compressed to 32K because it was over 2 hours):  


No Picture

The Pending Home Sales Disaster on Friday

By John Galt May 28, 2011 The nightmare report from the National Association of Realtors (NAR) yesterday was mixed with humor from Lawrence Yun and a notable shift in the double dip portion of America’s housing industry disaster. With upwards of one third of all existing home sales anchored by distressed sales, the pending home sales report usually reflects a trend of recovery or further decline and based on the four month average the market is headed for a serious deterioration as the index is only 1% above the average for…


No Picture

The Housing Disaster Rolls On – The Spring of our Winter Discontent

By John Galt May 17, 2011 The Commerce Department released the latest report on housing starts and permits revealed that no sane, logical, intelligent soul would accept the FIBS (Financial Infomercial Broadcasting Services, aka CNBC, FBN, BLM) mantra of the past year that housing has bottomed and that the recovery was well under way. Amazingly enough the preachings and screeching of the pro-regime talking heads was non-existent on the morning radio or television programs. Thus there is a realization that perhaps, just perhaps, free money from the Federal Reserve does not…


No Picture

Economic Recovery News for an Easter Holiday

    By John Galt April 21, 2011 If this is a recovery, I can’t wait to see the next recession, er, depression, er bubble boom….. MLB Takes Over Dodgers Operations Lee County’s $340 million foreclosure auction draws no serious bids Commercial real estate makes up 77% of troubled loans at failed banks Rising food costs spur massive US theft of produce, meat NM Symphony Orchestra Files Chapter 7 Bankruptcy Scovill Fasteners Seeks Bankruptcy Protection to Sell Assets (209 year old Company) Maronda Homes of Cincinnati files for bankruptcy Distressed Properties…


No Picture

The Housing Crisis will not End Until 2020

  By John Galt April 11, 2011 And 2020 might be conservative…. Despite the prognosis from the mouth flapping pantloads of D.C. and Wall Street, the American real estate market is close to a decade away from recovery; if not longer. The popular proclamations from the National Association of Realtors is that the existing home sales should increase 5 to 10% this year which is akin to saying we’ve climbed ten feet up from the bottom of a one hundred foot well we’ve fallen into. The reality of what the U.S….


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