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Five Years of Obama, Jobs Still in the Tank

Posted October 24, 2013 By David Haggith

Let’s look at some simple facts about how much improvement Obamanomics has given us in the job market after five years. The number of Americans who are capable of work but have chosen not to work has risen from 80,507,000 to 90,609,000, the first time it has ever topped ninety million. Ten million more people […]

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Hyperinflation Horizon – Is the Fed Building a Hyperinflation Bomb?

Posted September 30, 2013 By David Haggith

The air-raid sirens are silent, but it doesn’t mean the bomb is not falling. The question to be answered is not whether the Federal Reserve is creating the possibility of runaway inflation, but “can the Fed dismantle the hyperinflation bomb that is already falling before it hits the earth?” No one — even at the […]

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WND WorldNetDaily – Paranoid Propaganda for the Masses

Posted September 13, 2013 By David Haggith

I would suspect most of my readers have never seen the WND (WorldNetDaily)  website, but I sometimes browse mirky backwaters in search of economic news that the press is largely missing. In the process, I  stumbled into a cesspool of  propaganda known as WorldNetDaily or WND, which is a watering hole for people with views so […]

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Mortgage Meltdown: What does the rapid rise in mortgage rates say about economic recovery?

Posted July 1, 2013 By David Haggith

Federal Reserve Chairman Ben Bernanke merely hinted that the Fed MIGHT START to TAPER its quantitative easing MONTHS from now, and that breath sent mortgage rates soaring in one of the steepest rates of rise the U.S. has seen. This confirms one of the primary themes of this blog in the starkest way possible:   […]

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2013 Economic Predictions Revisited

Posted June 16, 2013 By David Haggith

It’s time for the mid-year audit of my 2013 economic predictions. I learned from last year and throttled back a little this year. While luminaries like Marc Faber predicted a great economic collapse in 2013, I decided the government has a lot of energy to keep powering through a bad plan. It would be almost […]

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2013 Economic Predictions

Posted January 1, 2013 By David Haggith

As I consider my 2013 Economic Predictions, I have to take a lesson from my “Economic Predictions for 2012.” I was right in all the trends, because economic fundamentals drive the trends, but I was wrong in not seeing how denial of economic reality could maintain itself longer than I thought, slowing the speed and […]

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Will the stock market crash in 2012 or 2013?

Posted December 17, 2012 By David Haggith

2012 brought a change to global stock markets we have never witnessed. The unprecedented money-mongering of central banks has caused stock exchanges to completely unhitch themselves from economic reality. Markets now react inversely to their economies, a situation that begs for a devastating stock market crash.   The great stock market bubble of the Great Recession […]

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Economic Predictions for 2012 – My end-of-year audit

Posted December 17, 2012 By David Haggith

It’s time to assess my own 2012 economic predictions. In looking honestly at the shortcomings in my predictions, I see something interesting. The picture of events formed a ghost image to my own forecast. It shaped up weaker than I had predicted, and yet has taken the exact form I envisioned, albeit in paler colors […]

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When Investor Billionaire Warren Buffet Begs for Capital Gains Tax Increase, Can Republicans be Right?

Posted November 26, 2012 By David Haggith

How can Republicans still believe a capital gains tax increase will hurt investment and jobs when the world’s most successful, multi-billionaire, investment advisor begs to differ? Republicans may stand on the right side of the aisle, but they certainly do not stand on the right side of the argument when it comes to ending the […]

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Do Higher Taxes Raise More Money? (What about them Bush Tax Cuts?)

Posted November 20, 2012 By David Haggith

Here’s a brain game for you: Before reading this article, watch this short video and see if you can figure out on your own why the narrator, who pretends to be an honest broker of pure mathematical fact, is completely wrong and dishonest in the claim he makes at the end of the video. This […]

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Republicans Have Become the Failing Power Grid of America

Posted November 11, 2012 By David Haggith

Watching the aftermath of hurricane Sandy, I found myself repeating something I’ve complained about for decades. I watched the tired story of millions of people living in dark because of power lines being whipped about in a storm. What a metaphor that is for how truly in-the-dark America has become. I listened to stories of […]

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Robama vs Obamney – Presidential Debate or Reprobate?

Posted October 8, 2012 By David Haggith

Consider the differences between President Obamney and robo-candidate Robama: Obamney believes the Federal Reserve should continue to run or ruin our monetary system, whereas Robama has expressed no reservations about the system. President Obamney says Robama invented ObamaCare in that Obamney patterned it off of Robama’s plan in Massachusettes. Robama doesn’t care that he invented ObamaCare; […]

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Changes to The Great Recession Blog as a result of reader survey

Posted August 27, 2012 By David Haggith

I’ve made significant changes to The Great Recession Blog since I did a subscriber survey. Having received only ONE response to the survey, I might conclude there is not enough interest to justify the blog’s continued existence. With more profitable ventures competing for my time, I would be inclined to drop it entirely. HOWEVER, traffic at the […]

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An Idiot’s Guide to Quantitative Easing: What is Quantitative Easing (QE3)?

Posted August 20, 2012 By David Haggith

A funny thing happened on the way to Wall Street. News about the economy was as dark as the ink it was printed with, and yet stock markets vaulted upward. The Federal Reserve had been teasing the stock markets with round three of quantitative easing (QE3), and the noses of the market bulls now flared […]

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