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Nuclear Stupidity: Tillerson Says Diplomacy Continues Till First Bomb Drops

Posted October 15, 2017 By David Haggith
North Korean Missile Tests

Secretary of State Rex Tillerson says President Donald Trump wants him to push forward on diplomacy with North Korea “until the first bomb drops.” (Bloomberg)   Brilliant! That means until the first entire city is destroyed. At least, that is what it could easily prove to mean … unless he means until the US drops […]

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US Stock Market Whistles Past the Graveyard

Posted October 9, 2017 By David Haggith
Zombie economists create US 20116 recession

It was a summer fit for the start of the Epocalypse followed by a fall where every event leans into Halloween. Summer began with a total solar eclipse that cast a long shadow across the nation from sea to shining sea, and fall began with hurricanes, mass bloodshed and fire. And through it all, the stock […]

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I Know What the Economy Did Last Summer Part 2: The Real Estate Rollover

Posted October 7, 2017 By David Haggith
A global 2017 housing bubble may be ready to collapse.

In fact, I knew what the economy did last summer before summer even began. Since the beginning of the year, I have been writing that it appeared housing was reaching a new bubblicious peak and that the real estate market was getting ready to roll over. Just before the start of the summer, I confirmed that […]

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I Know What the Economy Did Last Summer Part 1 : Carmageddon and the Retail Apocalypse

Posted October 2, 2017 By David Haggith
2017 Economic Forecast is looking like the mother of all storms

Summer closed in a whirlwind of weather chaos for the United States and its territories. At the start of the summer, the US economy began to show signs that it was flying apart. The two most obvious were the big blowouts in the auto industry and in retail

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Hurricanes Harvey and Irma May Lend Helping Hand to Economy, but Hurricane Iniki and Katrina Tell More Complex Longterm Tales

Posted September 10, 2017 By David Haggith
By FEMA News Photo (This image is from the FEMA Photo Library.) [Public domain], via Wikimedia Commons

It is widely believed that World War II gave us the end of the Great Depression. As a result, people have said for decades there is nothing like a wartime economy to bring recovery from economic recession. War blows apart a lot of things, so you have to make a lot of things, which puts […]

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Team Trump Transmogrifies into the Swamp Thing

Posted August 26, 2017 By David Haggith

The establishment has eaten the White House, and yet I continue to read supporters of President Trump who desperately hold to the delusion that Trump  is playing a game of 4-D chess — a game so advanced that no one else on the face of the earth can understand that Trump is winning. Trump’s masterful […]

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Iran’s President Tacitly Admits Iran is Cheating on Nuclear Agreement

Posted August 16, 2017 By David Haggith
(Black hole as symbol of negative interest rates policy.) By XMM-Newton, ESA, NASA [Public domain], via Wikimedia Commons

Countering recent US sanctions and President Trump’s talk of ending the “bad” nuclear agreement with Iran, Iran’s president threatened to restart its nuclear program. If his threat is true as stated, he unwittingly admitted something highly supportive of Trump’s position:   Mr. Rouhani said that a reconstituted nuclear program would be “far more advanced,” a […]

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Wars and Rumors of Wars: Fire and Fury Signifying Nothing? Stock market caught in the crossfire

Posted August 13, 2017 By David Haggith
Wars and Rumors of Wars Title Photo - US Navy Jets against background of storm clouds

August is a sultry month for stocks as markets thin out during the dog days of summer. Everyone leaves investing for a break from the heat. Statistically, August is the worst month for overall stock performance, while September delivers more of whatever August sends its way or brings its own dark surprises. After that, October […]

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Graphic Anatomy of a Stock Market Crash: 1929 stock market crash, dot-com, and Great Recession

Posted August 7, 2017 By David Haggith
Gathering around the stock ticker during the 1929 stock market crash.

The 1929 stock market crash became the benchmark to which all other market crashes have been compared. The following graphs of the crash of 1929 and the Great Depression that followed, the dot-com crash, and the stock market crash during the Great Recession show several interesting similarities in the anatomy of the world’s greatest financial […]

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Continue to Beware the Job Numbers (Is it the Bureau of Labor Statistics or Bureau of Lying Statistics?)

Posted August 5, 2017 By David Haggith

One reason I started my own economics blog was because of how tired I was of reading government-regurgitated half truths about the economy. Nothing has changed. As Newsmax and other publications report this week that July was a bumper month for lower-wage earners, I continue to have to sift for myself through all the glitter […]

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Machine Mania in the Marketplace: How Computers Came to Own the World

Posted August 2, 2017 By David Haggith

With 60% of stocks now being traded by bots that fake each other out in order to create buying opportunities, stock exchanges have lost their connection to the reason markets are created in the first place. The exchanges no longer exist as places for people to buy and sell ownership in a corporation. They exist […]

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Bank Deregulation Back in Vogue: It’s time to dance the last fandango!

Posted July 25, 2017 By David Haggith
tax burden of the beleaguered rich

The Great Recession was so great for the only people who matter that it is time to do it all again. Time to shed those bulky new regulations that are like clod-hoppers on our heals and dance the light fantastic with your friendly bankster. Shed the encumbrances and get ready for the new roaring twenties

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How Will the Federal Reserve Untie its Gordian Knot?

Posted July 17, 2017 By David Haggith
By Kikuyu3 (Own work) [CC BY-SA 4.0 (http://creativecommons.org/licenses/by-sa/4.0)], via Wikimedia Commons

The Federal Reserve is telegraphing that it is going to begin its great unwind in September. It’s going to untie its own not untiable knot. In case you cannot untie what I just said, that’s a knot that cannot be untied. I’m writing the article to ask you to ponder this conundrum with me.

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“Epocalypse” Now Proves to be Right Term for the Inevitable Economic Collapse We are Now Headed into

Posted July 14, 2017 By David Haggith
Did anyone say housing bubble collapse?

In the fall of 2015, I coined the term Epocalypse to describe and define the scale of economic collapse that we are headed into. I couldn’t think of a better term because it conveys connotations of “epoch” and “epic” with audible overtones of “collapse” while being a contraction for “economic collapse.”

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