Can the CDC Stop Ebola in the US?

Posted October 17, 2014 By David Haggith

Looking at this list of failures of the Centers for Disease Control to stop Ebola in the US so far, there’s good reason to wonder if they are up to the job. The cheapness of hospitals and the foolishness of adminstrators and doctors in not being better prepared is inexcusable. Consider the following examples and my common-sense […]

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Why Ebola Fear Made the Stock Market Shudder

Posted October 17, 2014 By David Haggith

When three people getting Ebola in the U.S. can cause the stock market to shudder, then you know the market has entered that crisis I was talking about when I said the headwinds to the global economy would become so strong in the fall that a single significant event out of the blue — such as Ebola […]

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A global economic storm has arrived. It’s not blowing full force, but here is what it looks like in a bullet list of recent economic changes:   Japan’s economy is in rapid recession, dropping 7% with industrial production tumbling 3.3% year-on-year. U.K. inflation has plunged to its lowest in five years, edging up fears of a deflationary spiral, […]

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Ebola Fear Scares Stock Market

Posted October 15, 2014 By David Haggith

As Franklin Roosevelt said, “All we have to fear is fear itself.” The stock market hangs in such peril that it is the fear of fear that is now driving its surges. The market is afraid that Ebola fear will cause a panicked change in people’s economic activities. The market fears the fear. When the stock market […]

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Stock Market Crash 2014 and the Blindness of the Bulls

Posted October 11, 2014 By David Haggith

While I bet my blog on my economic predictions for this fall, it looks like I’ll be continuing to write the Great Recession Blog. What I’ve been calling Stock Market Crash 2014 uncloaked this past week in the market news. It suddenly became visible to many for the reason’s I’ll list, and yet the biggest of […]

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Here we are only a few days into the Ebola scare since President Obama said airport security in handling Ebola would be tightened up, and watch what happens when a fool on this airplane decides to tell everyone that he has Ebola, is from Africa, and, so, they’re “all screwed.” YouTube Video of Ebola scare […]

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Top-Ten Stupid Statements by CEOs

Posted October 9, 2014 By David Haggith

  How much do CEO’s really know about the economy or even their own business? Let’s take a look at their track record via a list of spectacular failed predictions by corporate leaders of our world, past and present.   The dazzling dopy delusions of CEOs, past to present   #10. The telephone has too many shortcomings to be considered as […]

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Economic Impact of Ebola Epidemic Could be E-normous

Posted October 8, 2014 By David Haggith

CBS reports that the World Bank has just issued a dire warning that the economic impact of Ebola could be enormous. An institution usually known for carefully weighed economic statements says that the economic impact of Ebola could be “catastrophic” even if the epidemic doesn’t spread beyond Africa. By the end of 2015, the economic impact of […]

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Canada Housing Bubble May be About to Burst

Posted October 5, 2014 By David Haggith

Two and a half years ago, I said Canada was forming a housing bubble that would burst in spectacular U.S. style. Canadians paid no attention, and so the bubble has grown. Now Canadians are waking up to the bubble in their backyard. In this case, the bubble actually IS their backyard, and some Canadians are finally predicting […]

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Six months ago, I started writing that a stock market crash in 2014 would prove to be increasingly likely this fall, even though I had refused to join the chorus of doom and gloomers who made the same claim for 2013. Now several of the world’s biggest investors appear to be placing major bets on a huge stock […]

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The Second Dip of the Great Recession is Coming Soon

Posted October 1, 2014 By David Haggith

  When you look at numerous key sectors of the economy, the composite image is one rickety skeleton. Here is a list in bullet points of economic bellwethers that, when viewed altogether, indicate the next dip of the Great Recession is likely near and severe:   “There are more obvious light switches today or ticking time bombs” than […]

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While the market looks good on the surface, nearly half of Nasdaq Composite stocks are down 20% from a year ago, meaning they are all deeply mired in a bear market. The Nasdaq is made up largely of high-tech stocks, which is where market vulnerability showed up in the last crash of a speculative stock market. Bloomberg […]

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World Bank warns of global job crisis

Posted September 11, 2014 By David Haggith

Current projections are dim. Challenging times loom large…. There’s little doubt there is a global jobs crisis,” said the World Bank’s senior director for jobs. “Disturbingly, we’re also seeing wage and income inequality widening.” (Yahoo News)   The World Bank’s report, compiled by the International Labour Organisation (ILO), also stated that, despite a modest economic recovery in […]

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Great Recession job loss continues as predicted here

Posted September 9, 2014 By David Haggith

This is a drum I’m going to beat for awhile: People need to stop listening to economists who are fixated on statistics like Gross Domestic Product or job gains as an indicator of where the economy is going. People need, instead, to read this blog if they want to know where the global economy is going. […]

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