How's that swamp drainage project going?

President Trump, how’s that swamp drainage project going?   Another big move in the last couple of weeks has been the sidelining of Trump’s chief strategist Steve Bannon as the Goldman-Sachs group wins more influence in the White House. Bannon has been the guardian of the anti-establishment hopes that put Candidate Trump in office.   […]

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The big announcement of the really, really big Trump Tax Plan with the “biggest tax cuts in history” came out bigly on Wednesday, as Trump promised. Treasury Secretary Steven Mnuchin and National Economic Council Director Gary Cohn, Trump’s latest tax team, beamed proudly as they presented their baby. The stock market took a deep breath, then

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Will the Trump Tax Plan trickle down to help the middle class?

Is coming up with a Trump tax plan overtaxing the maestro of negotiation as he tries to conduct his way through congress? An initial clue can be found in his tax-related repeal of Obamacare. The all-important Obamacare repeal got repealed by Paul Ryan — the very person who proposed it — in a matter of […]

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You Got Trumped! Trump not yellin’ about Yellen anymore!

Posted April 25, 2017 By David Haggith
central banker mutual admiration

Having castigated Janet Yellen for keeping interest rates artificially low in order to help the Obama Administration keep a Democrat in the White House, Trump now likes Janet Yellen and likes low interest rates, too — so much so that he decided this week that it is finally time to get honest with America about […]

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Nowhere has Donald Trump matched up with the original story of the Trojan horse more than in his overtures of peace, instead of military conflict. Nowhere has Trump changed more than in these same issues. Candidate Trump frequently persuaded his supporters to believe he would build more peaceful and cooperative relations with Russia and ridiculed the regime-change efforts of Hillary’s […]

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If you voted for Donald Trump, you got trumped

Has there ever been a bigger or worse April fools joke than the spectacle this month of Donald Trump revealing the manifold ways in which he fooled the multitudes? I sympathize with the many people who hoped for a shot at changing the corrupt political-industrial establishment as they feel their opportunity evaporate around them. Their hopes were the best hope this nation had, but the head-spinning transformation […]

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Getting Trumped and Thumped in Syria

Posted April 19, 2017 By David Haggith
By Пресс-служба Президента России [CC BY 4.0 (http://creativecommons.org/licenses/by/4.0)], via Wikimedia Commons

As president Trump relishes telling the story, he was sitting with President Xi of China, who was enjoying a beautiful, huge slice of chocolate cake — the best chocolate cake you ever saw, which can be enjoyed only at Mar-A-Lago — when Trump decided it was time to launch 59 cruise missiles at the Assad government. […]

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Kim Jong-un watches nuclear test

The Korean missile crisis has never been hotter. Trump is turning the screws on everyone to force action. China, Japan, and South Korea join in threatening Kim Jong-un with imminent war, but North Korea’s crackpot despot isn’t backing down. Trump has dispatched war ships, including the USS Carl Vinson, to North Korea as North Korea continues to show signs that […]

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The Federal Reserve’s Stock-Market Supernova

Posted April 11, 2017 By David Haggith
By The Conmunity - Pop Culture Geek from Los Angeles, CA, USA [CC BY 2.0 (http://creativecommons.org/licenses/by/2.0)], via Wikimedia Commons

During the first several years of the Fed’s “recovery” program, bankers denied that banks were the primary drivers of the stock market bull. Then, a little over a year ago, the Fed’s Richard Fisher confessed what everyone in the alternative financial media already knew — the nation’s central bank was “front-running the stock market” in order to “create a wealth effect.”

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An Open Letter to President Trump on Tax Reform

Posted April 10, 2017 By David Haggith
By Wallstreethotrod at English Wikipedia [Public domain], via Wikimedia Commons

If the @realPresident wants #realTaxReform, he should forget about trying to redesign the albatross, and go for a change so big that it’s completely transformative. Pursue a change that the swamp will have an epileptic seizure over. It’s bold, and it’s simple if you have the guts to keep it simple. It’s great. My letter to the president:

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Base Jumping off the Stock Market’s Peak

Posted April 1, 2017 By David Haggith
Investing in stocks like base jumping off a cliff

According to Bank of America, there is no time to leap into the stock market like the moment before its cataclysmic fall. BofA’s Michael Hartnett has no doubt that the stock market stands on the edge of catastrophic collapse, but the euphoric rise before it takes the plunge could be the greatest financial rush you’ll ever know: […]

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By Enola Gay Tail Gunner S/Sgt. George R. (Bob) Caron (SElephant at zh.wikipedia) [Public domain], from Wikimedia Commons

Trump’s really big supporters openly grieved that the explosion of his emphatically promised Obamacare replacement bodes poorly for all of Trump’s plans. Fox’s Sean Hannity and Lou Dobbs harangued the Republican party for failing to take the reins and lead now that the party finally has the chance to prove it can do what it has promised. Hannity stated that numerous high […]

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Will Mid-March Madness Maul the Stock Market in 2017?

Posted March 12, 2017 By David Haggith
Is the US stock market going to crash in 2017? [By Philip Timms [Public domain], via Wikimedia Commons]

Many of the 2017 economic headwinds I’ve described will hit during the Ides of March, just as the Trump stock-market rally shows signs of topping out. This might not be the Great Epocalypse — not all at once anyway — but a large and likely correction is looming. I think the bear is about to be let out of his cage.

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2017 Economic Forecast is looking like the mother of all storms

Headwinds that are starting to assail deep structural flaws in the US and global economies form the basis for my 2017 economic forecast, which looks like an all-out economic crisis building throughout the world. Some of these headwinds are global; some more locally focused within the United States, but that which brings down the US economy wounds the world anyway. […]

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