Zombie economists create US 20116 recession

“Asian markets rallied on Monday, extending their gains at the end of last week, following another strong US jobs report that reinforced confidence in the US economy and helped settle trade war nerves.” (Newsmax)   So the majority of investors in Asia (and in the US) see the latest MEDIOCRE-AT-BEST jobs report as assurance that […]

Be the first to comment

Major Stock Trouble in One Chart

Posted July 3, 2018 By David Haggith
Dow falls below 200-day moving average

While I don’t make my predictions based on charts, many who make investment choices do make their decisions based on technical lines of convergence in the charts and have for decades. One of the most persuasive and bearish technicals is when an index that has been running above its 200-day moving average first closes below […]

Be the first to comment
By 95 b-body ss [CC BY-SA 3.0 (https://creativecommons.org/licenses/by-sa/3.0)], from Wikimedia Commons

For a year and a half I’ve been writing about the retail apocalypse that is going to add to US financial woes. This is not a problem created by economic collapse but a problem that I have said will greatly contribute to economic collapse and that is so massive and widespread that it assures some […]

Be the first to comment
[CC0], via Wikimedia Commons

Even the best day of the year for stocks in the United States struggled to pull this market into better shape. While summer is a down period overall for stocks, July 2nd holds the position of being historically the most bullish day of all for the S&P 500. Why? The S&P 500 shows an average return […]

Be the first to comment

Lifestyle Investing for Recession or Economic Collapse

Posted July 1, 2018 By David Haggith

How do you invest for recession or a time of financial collapse when it looks like anything and everything could come down? If you are investing for recession — such as to safeguard your retirement funds for truly tragic times — there is simply no way to know what major part of the current economy […]

Be the first to comment
2017 Economic Forecast is looking like the mother of all storms

First I said I believed the US stock market would plunge in January, but I also said that January would not be the biggest drop, but just the first plunge that begins a global economic collapse: the big trouble for the economy and the stock market, I said, would show up in “early summer.” That’s when the […]

Be the first to comment
Trump tax cuts produce only share buybacks

No, the Trump tax breaks for major corporations are not going to bonuses and wage increases. Sure we’ve seen some token $1,000 bonuses go out to laborers with hyuge orchestrated fanfare. The stint of articles you saw all over the media earlier in the year about those bonuses originated from an organized PR campaign run by […]

Be the first to comment
Angela Merkel, emperor of the euro crisis zone

Europe’s many fault lines are spreading once again, bringing the endless euro crisis saga back in 3-D realism. Italy gained a new anti-establishment government last week, even as Spain elected a new Socialista government that could crack Catalonia off from the rest of Spain. All of Europe fell under Trumpian trade-war sanctions and threatened their own retaliation. […]

Be the first to comment
Signs of a housing collapse in 2018

It’s simple math — an equal and opposite reaction. After a long spell of QE took mortgage interest down to the lowest it has ever been, a long spell of QT (quantitative tightening) is going to take it back up again. That’s why I forecasted another housing collapse with confidence last year: Rising mortgage rates will […]

Be the first to comment

The Global Economic Tide is Quickly Receding

Posted May 19, 2018 By David Haggith
By Pipe310593 [CC BY-SA 4.0 (https://creativecommons.org/licenses/by-sa/4.0)], from Wikimedia Commons

The global economy is now stranded as the central-bank tide runs out. By the end of this year, the collective monetary inflow from all the central banks of the world, which rose to a high-water mark of $2-trillion per year, will have ebbed to zero. After that, it runs net negative for years to come. […]

Be the first to comment

Like the disintegration of the formerly charmed stock market, the return of Carmageddon is right on schedule. I had stated early last year that one of the first cracks in our economy to become evident would be the crash of the car industry. That crack materialized as promised, but then Hurricanes Harvey and Irma showed […]

Be the first to comment
Gathering around the stock ticker during the 1929 stock market crash.

We are now well into the year when I said stocks would plunge in January and would prove to be a gaping “crack” in the economy by summer, and look at how seriously the market has fallen apart since it started to drop in the last week of January:   It was just three months […]

Be the first to comment

Is the US economy collapsing into the Epocalypse that I predicted would start to show up as large cracks in the economy last summer? The initial damage that I forecast for last summer was in auto sales, housing sales, and the ruin of retail stores and shopping malls along with their satellite restaurants. These initial breakups, […]

Be the first to comment

Larry Kudlow is Still an Idiot

Posted March 15, 2018 By David Haggith
Larry Kudlow by Gage Skidmore [CC BY-SA 3.0 (http://creativecommons.org/licenses/by-sa/3.0)], via Wikimedia Commons

One Loonie fell today, and another rose. The Canadian “Loonie” tested 2018 lows against the dollar when existing Canadian home sales crashed to their lowest in five years. On the same day Loony Larry Kudlow rose to a new chief position at the White House, more than justifying recirculation of the following article:

1 Comment. Join the Conversation