Lunatic Larry Promises Trump Candyland for Election Year

Posted January 17, 2020 By David Haggith
Larry Kudlow by Gage Skidmore [CC BY-SA 3.0 (], via Wikimedia Commons

National Economic Council Director Larry Kudlow, a top economic adviser to President Donald Trump, said Wednesday that the White House plans to unveil a plan for additional tax cuts later in 2020. “I am still running a process of Tax Cuts 2.0. We’re many months away – it’ll come out sometime later during the campaign,” […]

Be the first to comment

The Tick, Tick, Talk of Recession Drones On

Posted January 2, 2020 By David Haggith
Édouard Riou [Public domain], via Wikimedia Commons

With stocks priced at record highs far above the economic landscape and still rising, the economy is still receding below. We’ll know at the end of January if the fourth quarter of 2019 was the worst of the past year, as I expect it will be. For now, we have to keep looking at numerous […]

Be the first to comment

Protected: DIGITAL CURRENCY: Cashless Conclusion

Posted December 31, 2019 By David Haggith
By Vmenkov (Own work) [CC BY-SA 3.0 ( or GFDL (], via Wikimedia Commons

There is no excerpt because this is a protected post.

Two Years of Trump Tax Cuts: What did they get us?

Posted December 29, 2019 By David Haggith
Trump tax plan trumps the middle class

After two years of this third experiment with trickle-down economics via the Trump Tax Cuts, we should have enough data to get an unbiased, factual view of the results. The following is going to be a short-and-sweet stroll down memory lane in pictures.

Be the first to comment

Dr. Fed Frankenstein Kept Alive by Zombies

Posted December 27, 2019 By David Haggith
Zombie economists create US 20116 recession

Did you know Dr. Frankenstein created a monster that stays alive to this day by eating zombies? Neither did the zombies. Neither, apparently, did Dr. Frankenstein. In fact, the zombies, being braindead as zombies are, do not realize that they are also keeping alive the diabolical doctor who made the monster that is eating them.

Be the first to comment

Repocalypse: The Second Coming

Posted December 23, 2019 By David Haggith
John Robert Charlton [CC BY 2.0 (]

This little monster that feeds beneath the surface of global banking at its core briefly raised one ugly eye out of the water as 2018 turned into 2019. I wrote back then that the interest spike we saw in the kind of overnight interbank lending known as repurchase agreements (repos) was just the foreshock of […]

Be the first to comment

Truth and Consequences

Posted December 21, 2019 By David Haggith

How can one write about the underlying truth of the economy in a nation where the majority of people do not care about truth? Disregard of truth has become so extreme in the US that we’ve exceeded the queerness of calling a man a woman if he wants to change his body parts. In some […]

Be the first to comment

Santa, No Longer Tariffied, May Rally for Christmas

Posted December 16, 2019 By David Haggith
U.S. Customs and Border Protection [Public domain]

Well, Santa is, at least, a little less tariffied. As I and many others speculated, Trump has come through with a No-Deal Deal on Chinese trade. The market showed Friday that it is not sure what to make of the No-Deal Deal, except not much. First it rose from its bed and threw up the […]

Be the first to comment

No-Deal Trade Deal, Not a Done Deal!

Posted December 14, 2019 By David Haggith
DoD photo by Erin A. Kirk-Cuomo [Public domain]

Clear back in June I made the following easy prediction about Trump’s negotiations with the Chinese leader whose face can only be improved by a caricature: The market finally fell in May after months of rising because it started to become clear there will be no Chinese trade deal in the near future. (It was always […]

Be the first to comment

What Went Up Came Down and Up and Will Come Down Again

Posted December 5, 2019 By David Haggith
Joe Ross from Lansing, Michigan [CC BY-SA 2.0 (], via Wikimedia Commons

It can’t come as any surprise that the stock market’s lofty balloon ride during the past couple of months fell because of a few words this week. It only rode up on sweet tweets by Trump about trade, which created a thermocline for it to ride. So, of course, the market plummeted this week in […]

Be the first to comment

The Relentless Road to Recession Continued

Posted November 21, 2019 By David Haggith

Consider this a travelogue in pictures (graphs and charts really) that presents a rather striking and comprehensive image of a nation journeying into recession. Our decline is steeper now than it was even in my retelling of economic turns during the summer and early fall.

Be the first to comment

Repocalypse: The Little Crisis that Roared

Posted November 17, 2019 By David Haggith
Permission is granted to copy, distribute and/or modify this document under the terms of the GNU Free Documentation License ( ), Version 1.2 or any later version published by the Free Software Foundation; with no Invariant Sections, no Front-Cover Texts, and no Back-Cover Texts. A copy of the license is included in the section entitled GNU Free Documentation License.

That didn’t take long. I just published an article showing how the Fed had responded with a quarter of a trillion dollars to save the economy from what it claimed was a mere blip. Since then, the recession-causing Repocalypse I’ve warned of has roared around the world, forcing the Fed to amplify its response again. […]

Be the first to comment

A Love Letter to my Crow about my 2019 Predictions

Posted November 15, 2019 By David Haggith
By Randy Robertson [CC BY 2.0 (], via Wikimedia Commons

Not-so-TruBlu97 was doing some of his typical cawing and provided the incentive for me, as we near the end of the year, to review the predictions I made for 2019, the most important one of which was locked within a Patron Post.

Be the first to comment

There is no excerpt because this is a protected post.