In my last article, I argued that Socialism is “The Price Capitalism Pays When Greed Goes Unrestrained.” Unrestrained and highly rewarded greed in the US is fueling a revolution by conservatives and liberals with liberals stampeding toward Socialism as their answer under the auspices of Alexandria Ocasio-Cortez (AOC), Bernie Sanders and Elizabeth Warren. That fire […]

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Alexandria Ocasio-Cortez, the face of socialist revolution in America

Socialism is the price Capitalism pays for unrestrained and unpunished greed, and Alexandria Ocasio-Cortez is the new face of Socialism in America. AOC refers to her Socialist revolution — for now wrapped up in the Green New Deal before congress — as the “politics of optimism,” and so it is. That’s because Socialism is the […]

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A Week in the Life of a Topsy-Turvy Wildly Whirling World

Posted March 9, 2019 By David Haggith
By Germán Torreblanca (Own work) [CC BY-SA 4.0 (], via Wikimedia Commons

Let’s review this past devilishly whacky week to see if we can divine the way the world is turning and why the markets are churning. It was 2019’s worst week in stocks and, well, just about everything economic all across this crazily spinning planet. Volatility lifted its head back out of the water like Loch […]

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US Budget Deficit and Interest Take Trip to the Moon

Posted March 6, 2019 By David Haggith
NASA [Public domain]

In my first Premium Post back in January, “2019 Economic Headwinds Look Like Storm of the Century,” I laid out sixteen major headwinds that would be howling against the economy this year. One of those was the government debt, which I said was about to skyrocket: If you thought the government deficit exploded last year […]

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Protected: Credit Crisis Cruising Toward Collapse

Posted March 3, 2019 By David Haggith
Published in the US before 1923 and public domain in the US. Used to represent people piling up America's national debt.

There is no excerpt because this is a protected post.

More Evidence that the Bears Have it Dead Right

Posted February 25, 2019 By David Haggith

In my last article, “The Bears Have it Right: Economy went Polar Opposite of Bullish Predictions,” I laid out my first prediction for 2019 — a recession by summer. I don’t want the following revelations and facts that I have since come across to get lost in comments I recently posted to that article, so […]

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Bears, like myself, picked the meat off market bulls throughout 2018. We scoffed at the start of the year when bulls concocted a narrative that said bears would starve because 2018 was going to be the year of “global synchronize growth.” We bears bawled that this was euphoric nonsense. Global economies fell off a cliff […]

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Carmageddon keeps on rolling

We now know that the Retail Apocalypse took another trip downhill during the all-important holiday season. December reports show retail sales declined more in one month than they have since … the Great Recession. Notice what a common refrain that comparison has become. Retail Apocalypse snowballs downhill Retail sales dropped 1.2% month-over-month in December, the […]

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Housing Market Crash 2.0: The Jury is in for 2018-2019

Posted February 10, 2019 By David Haggith
The 2018-2-19 Housing Market Crash 2.0 is just getting started.

As happened with the first housing market crash that began in 2007 but didn’t become widely recognized until mid-2008, the present housing crisis began exploding one story at a time last summer, and this blog was perhaps the first to state that summer’s change was the turning point from decades of ascent into a collapse […]

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Here is a single chart that proves how completely the Fed’s end-game for its recovery failed, which means the fake recovery, itself, is failing. It’s not hard to figure out what happened here. Talk about a euphoric rise at the end of the Trump Rally heading into 2018, followed immediately by a massive blow-off top. […]

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A Winter Tale of Snow to Remember and Sun Long Ago

Posted February 3, 2019 By David Haggith
Photo by David Haggith

I wrote months ago about the coming mini ice age. Recently the reality of this cooling trend became mainstream news because of a new scientific study affirming it, and even more recently, the midwest decided to remind us of what mini ice ages might feel like. The reason for all of this is told here: […]

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Powell Put Sends Stocks Soaring, Recession Must be Near

Posted January 30, 2019 By David Haggith
Federalreserve [Public domain], via Wikimedia Commons

Federal Reserve Chair Jerome Powell placed his put in stocks while saying there is none. When he doubled down today on a more dovish approach to the economy, Powell claimed the Fed is not designing interest rates to keep the market climbing. If that is true, recession must be near: Fed delivers a “double-barrel dovish […]

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Federal Reserve's Great Recovery Rewind is reducing reserves banks hold as protection against runs.

We are in the end time of an unprecedented era of financial expansion — the greatest expansion of the world’s money supply ever attempted, expansion of the Federal Reserve’s vast and unchecked powers far beyond what the Fed could do before the financial crisis, and super-sizing expansion of banks that were already way too big […]

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Central banks are cause of inverted yield curve recessions

There is no excerpt because this is a protected post.