Is the Fed Fix in for the election?

Posted October 25, 2016 By David Haggith
Dow Jones Industrial Average looks rigged

As we near Halloween, the US stock market looks like it’s whistling past the graveyard near the end of a year that I predicted would be the dawn of “the Epocalypse.” (By that, I meant an economic apocalypse, the likes of which we’ve never seen.) So far, however, that prediction has not manifested. In fact, the market’s fibrillating […]

4 Comments so far. Join the Conversation

Federal Reserve Admits it Never Knew What it was Doing

Posted October 19, 2016 By David Haggith
central banker mutual admiration

The Federal Reserve is, at last, acknowledging at top levels that its economists are completely baffled, its recovery is failing, that the Fed cannot raise interest and may even have to heat up its stimulants … or we may end up with a permanently scarred and stagnant economy.

8 Comments so far. Join the Conversation

Wars and Rumors of Wars Abound

Posted October 16, 2016 By David Haggith
Wars and Rumors of Wars Title Photo - US Navy Jets against background of storm clouds

Wars and rumors of wars are now filling the headlines as listed below with the most immediate top-level rumors of war being created by Russia among its own citizens.           Rumors of wars directly from the Kremlin   As tensions between the US and Russia have reached their highest since the Cold […]

14 Comments so far. Join the Conversation
Sebastian Zwez [CC BY 3.0 de (], via Wikimedia Commons

Wikileaks’ exposure of Hillary Clinton’s emails reveals that US intrusion in the Syrian Civil War is really all about Iran and Israel and is part of a masterplan that started with Hillary’s advice to enter the Libyan Civil War. Hillary’s War is another expensive American adventure in nation building as the US inserts itself into another civil war, ostensibly to restrain ISIS […]

16 Comments so far. Join the Conversation
Hillary Clinton's reset button with Russia being pressed by Sergei Lavrov

The infamous Clinton reset button for US-Russian relations turned out this week to be the other proverbial red button used to launch nuclear missiles. Wikileaks documents that will be covered in this series of articles reveal a chain of wars that started due to Hillary Clinton’s diplomacy. Hillary’s Wars exploded this week when Russian President Vladimir Putin terminated nuclear disarmament […]

16 Comments so far. Join the Conversation
Donald Trump

In the first debate, Hillary Clinton called Trump’s tax plan “trumped-up, trickle-down” economics. It’s the one thing that came out of her mouth that I had to entirely agree with. Many others are saying it, too:   New analysis from a nonpartisan group finds that Donald Trump’s latest tax proposals would increase the federal debt […]

7 Comments so far. Join the Conversation

Trump: Titan of Corporate Tax Cuts

Posted September 24, 2016 By David Haggith
Trump's corporate tax cut is a gift to himself like his corporate jet.

Trump’s corporate tax cut is supply-side stimulus I could agree with if done right, even though it primarily helps the rich. Trump wants to cut the top corporate tax rate from its current 35% to 15% (which is currently the bottom bracket in US corporate income tax structure). That makes the Trump corporate tax cut the largest of […]

7 Comments so far. Join the Conversation

Trump Tax Plan Turns the Donald into Trickle-Down King

Posted September 21, 2016 By David Haggith
Trump Tax Plan v Reagan Tax Plan (By George (16 - 1 (1)) [CC BY-SA 2.0 (], via Wikimedia Commons)

If George Bush Senior thought Reaganomics was “voodoo economics,” he’d think the Trump tax plan was its kachina doll, and if GB Minor had been smoking weed while popping magic mushrooms when he made his eponymous tax cuts, the Bush Tax Cuts might have come out looking like the Wall-Street tax Fantasia that Trump’s peeps have brewed up — a […]

Be the first to comment
Donald Trump - Brazenly Antiestablishment or Neocon Trojan Horse? Art by DonkeyHotey [CC BY-SA 2.0 (], via Wikimedia Commons

I crave the opportunity to see an antiestablishment candidate win the election. I would exult in seeing our corrupt establishment shattered. So, while I do not like Trump the man (as it would appear he has never done anything that didn’t entirely serve his own self-interest and pompous ego), I have thoroughly enjoyed seeing him upset establishment Republicans and establishment […]

30 Comments so far. Join the Conversation

Whirled Politics: Would you rather be Trumped or Pillaried?

Posted August 22, 2016 By David Haggith
By DonkeyHotey [CC BY-SA 2.0 (], via Wikimedia Commons

I’ve never seen anything so surreal as the United States’ current political circus of unelectable and undelectable candidates offered as each party’s top of the crop. I can’t stop wondering if the Trump is Clinton’s decoy, gathering all the Republiducks into one place so the Democats can slaughter them. Yet, as surely as Trump looks like he’s trying to throw the […]

25 Comments so far. Join the Conversation
Books for the Great Recession

The following is a short reading list of books that readers of The Great Recession Blog have shown the most interest in — books suited for times of economic collapse or geared toward thinking outside the box as well as few on the history of the Great Depression and the making of the Great Recession: […]

5 Comments so far. Join the Conversation
The decline of corporate culture

I’m working on a new Linked-in profile and wanted to get your thoughts on it. I’m sure others have similar experience in the decline of corporate culture to share here, too. If I wanted to stay employed in the current corporate climate, I’d update my profile as follows to make it fit what corporations are […]

14 Comments so far. Join the Conversation

This graph says it all — US 2016 Recession Already Here!

Posted August 4, 2016 By David Haggith
US recession 2016

This graph by 720Global shows how spot on my pronouncement of a US 2016 recession is and how precarious the path ahead. In spite of the lack of any official declaration by the US government or its economic priesthood, I’ve stated more than once in 2016 that the US is already in recession. Several interesting observations can be made […]

23 Comments so far. Join the Conversation

Slippery Oil Prices Plunge Over Cliff into Bear Market

Posted August 1, 2016 By David Haggith
By fernost (Self-photographed) [Public domain], via Wikimedia Commons

Oil today plunged quickly below $40 per barrel, taking oil prices down more than 20% from their high a little over a month ago. That officially defines a bear market in oil. As of today, oil has also moved below its 50-day, 100-day and 200-day moving averages. July has again turned out to be a huge disappointment for oil producers […]

5 Comments so far. Join the Conversation