Buying GOLD Safe-Haven Assets, Not so Safe

Posted November 23, 2015 By David Haggith
By Agnico-Eagle (Agnico-Eagle Mines Limited) [CC0], via Wikimedia Commons

I don’t trust buying gold safe-haven assets, and I have one very simple reason why. You might think a writer who predicted our unfolding financial crisis before the Great Recession began … and who is predicting the global economy will collapse in the final quarter of 2015 … and who is predicting a stock-market crash in 2015 … would be heavily invested in gold; but […]

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Epocalypse Soon: Stock market denial begins to break

Posted November 15, 2015 By David Haggith

I have moved from “Epocalypse Coming” to “Epocalypse Soon,” meaning the economic apocalypse that will be the second collapse of the Great Recession. I am taking about the big one just ahead where we finally discover the real depth of the Great Recession — an economic abyss that was spanned by the Fed with a paper bridge. […]

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The Grexit is Back

Posted November 13, 2015 By David Haggith
By Panayotis Vryonis from Athens, Greece (IMG_0179) [CC BY-SA 2.0 (], via Wikimedia Commons

This year, I predicted that Greece would default on its debt, that it would strike a deal with its european counterparts in the Eurozone, that the deal would lead to public riots later in the year, which would lead to Greece again facing a Grexit in the fall, and that Greece would ultimately leave the euro this […]

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Further Proof Immigrant Labor is Cause of Stagnant Wages

Posted November 9, 2015 By David Haggith
By Rrenner (Own work) [CC BY 3.0 (], via Wikimedia Commons

The number of employed immigrant laborers in the US hit an all-time high in October, increasing by 192,o00 in October. Interestingly, in terms of the argument I have been running on this site, they have a much lower unemployment rate than native-born Americans. The migrant unemployment rate is running at an enviable 4.4%. This rate is for […]

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October came and went without economic apocalypse. In fact, a stock market that plunged in August experienced better than full recovery in October — more than just a bounce. Nevertheless, some think (as do I) that the crash has begun, and that it will unfold as a cascade of worsening catastrophes. So, get ready for the epocalypse. […]

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Candidate Carson Rides atop the Republican Clown Car

Posted November 6, 2015 By David Haggith
By DonkeyHotey [CC BY-SA 2.0 (], via Wikimedia Commons

Originally thought to be the backseat candidate, Republican presidential candidate Ben Carson has now taken the wheel of the Republican clown car. Being a Christian candidate is so important to Candidate Carson that he feels he must continue to support a particularly strange theory that he came up with in college to validate the Bible. In his college days, Gentle Ben invented […]

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Sometimes When I Read Economists My Brain Hurts

Posted October 29, 2015 By David Haggith

And it isn’t because of their fancy math or their impenetrable jargon or even their arrogance.   “We’re in a puzzling economy,” Shiller told Bloomberg TV.   The kindly professor sounded genuinely befuddled, which left me wondering how an economist can be puzzled as to why the economy isn’t working when its flaws are more obvious than […]

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Epocalypse Coming: Supertrends That Will Trump Central Banks

Posted October 28, 2015 By David Haggith

A supercell spawns tornados — sometimes many. The supertrends I present in the following list have the same power. Against this much larger storm, the quantitative easing of central banks along with their zero-interest policies are a mere breeze — a sniffle of discontent.   Supertrend #1 – Interbank Loans Freezing Up … Again   The […]

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Obama Foreign Policy in European Cartoons

Posted October 24, 2015 By David Haggith
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European leaders share a laugh over Obama foreign policy.

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Epocalypse: Is the Perfect Economic Storm on the Horizon?

Posted October 21, 2015 By David Haggith

Retail is way down. New jobs are way down. Corporate debt has never been higher. Interest is rising ahead of the Fed. The pile of junk bonds is starting to waver. Investors are moving to gold and cash. Are these the emerging indicators of a perfect economic storm?     US Investors – Risk-Off   […]

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Working in collusion, the Federal Reserve and the United States’ government maintain a US inflation rate that understates what people actually experience. The media glee club faithfully parrots the numbers given to it by the federal government, but no one in the major media questions how those numbers are determined. I’m inclined to say the numbers are […]

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Stock Market Crash 2015: Under the Shadow of Black Swans

Posted October 15, 2015 By David Haggith

Because the stock market hangs tensely in the balance, a single event — called a black swan — could trigger “Stock Market Crash 2015,” and several black swans are flying overhead, looking like they want to land. That does not stop the rosy-eyed optimism of some of the permabulls, who have returned to saying that the worst […]

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To divine the direction the world will take after global economic collapse, you have to understand the prevailing winds and the underlying tides. Look for the megatrends that are influences against which all other forces have minor affect. In predicting that global economic collapse would happen this fall, I pointed out the headwinds that would continue to grow in […]

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Bank of America Finally Catches on to Global Economic Collapse

Posted October 10, 2015 By David Haggith

News that we are sliding into global economic collapse is building every day. It intrigues me that it is now coming from the least-expected sources — from those who were the true believers in the Fed’s recovery and who have profited off the bull market so that they never spoke against the Federal Reserve’s quantitative easing and low-interest-rate policy … […]

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