Global Economic Headwinds Continue to Build

Posted November 19, 2014 By David Haggith

The economic turmoil I predicted last spring and summer arrived onshore right on schedule, but the arrival was not quite the storm I said it would be because I doubled down on my bet by adding that the U.S. stock market would crash. While the stock market did take a serious plunge a few days after I said its crash was imminent, […]

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Reagan Budget Director: Recovery of Stock Market Rigged

Posted November 19, 2014 By David Haggith

Was the recovery of the stock market rigged? David Stockton, President Reagan’s Director of the Office of Management and Budget, says it was:   The markets plunged on a vague recognition that the central bank promoted recovery story might not be on the level. But that tremor didn’t last long. Right on cue the next day, one of the very dimmest Fed heads — James […]

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In this candid YouTube video, the architect of Obama’s signature accomplishment states that avoidance of “transparency” was essential to selling the law to “stupid American voters.”     ObamaCare transparency intentionally avoided at all costs. How ironic: It’s the one act that bears President Obama’s name. It is the one act that is President Obama’s chosen legacy, and  Barrack Obama is the […]

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Wealth Inequality in America Funded by Federal Reserve

Posted October 23, 2014 By David Haggith

When Federal Reserve Chair Janet Yellen worries about growing wealth inequality in America, I wonder if she’s truly unaware of how she helps create this disparity. All of the Fed’s efforts at economic recovery have been directly applied toward helping the America’s most wealthy recover first. How can you not create greater wealth inequality in America when the recovery program for the Great […]

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For Once I Agree with Larry Kudlow

Posted October 19, 2014 By David Haggith

Larry Kudlow wrote, “One of the absolutely stupidest things I have heard in recent weeks is that the recent drop in oil prices is bad.” Stupid, indeed. I wouldn’t even use falling oils prices to claim I won my bet that the economy would enter a stormy period this fall. All the same, Larry practically hands me the winnings on my […]

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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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