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Central Banks Buying Stocks Have Rigged US Stock Market Beyond Recovery

Posted June 25, 2017 By David Haggith
Central banks buying stocks have rigged the stock market to the point of ruin

Central banks buying stocks are effectively nationalizing US corporations just to maintain the illusion that their “recovery” plan is working because they have become the banks that are too big to fail. At first, their novel entry into the stock market was only intended to rescue imperiled corporations, such as General Motors during the first plunge […]

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Track Record of Stock Market & Macro Economic Predictions & What is Different Now

Posted June 19, 2017 By David Haggith
A decade chart of Dow crashes

I’ll let the chart speak for itself. During the first part of the chart, I did all my writing in newspaper articles, so you won’t find support here on this blog or those early years. I began the blog in 2012. The rest is history. As for the Trump Rally at the end, I didn’t […]

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Retail Apocalypse Engulfs US Economy

Posted June 18, 2017 By David Haggith
Will a 2016 US recession be the next big one?

You may not see it yet, but the scale of the retail apocalypse is so massive that it is about to engulf the US economy. As when a flood tide has crept around you on all sides while you were standing on a high spot out on the flats, not paying attention, you can look […]

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Carmageddon Crashes into “the Recovery” Right on Schedule — EXACTLY as Predicted Here

Posted June 16, 2017 By David Haggith

Carmageddon, as Wolf Richter has called it, is hitting the US economy exactly as I said a year and a half ago would start to happen at the very end of 2016 or the start of 2017. Measured year-on-year, auto sales have declined every month of 2017, and are now starting to cause the financial wreckage […]

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Is the Central Bank’s Rigged Stock Market Ready to Crash on Schedule?

Posted June 11, 2017 By David Haggith
Central banks buying stocks have rigged the stock market to the point of ruin

We just saw a major rift open in the US stock market that we haven’t seen since the dot-com bust in 1999. While the Dow rose by almost half a percent to a new all-time high, the NASDAQ, because it is heavier tech stocks, plunged almost 2%. Tech stocks nosedived while others rose to create new […]

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Summer Storm Keeps Building as Second Dip of Great Recession Approaches

Posted June 4, 2017 By David Haggith
2017 Economic Forecast is looking like the mother of all storms

These updates to my list of “Seven Troubles Assailing the US Economy” are far too important to remain buried at the end of that article since many readers may not return to the article to check for updates. The summer economic crisis I’ve been predicting is building even more rapidly than when I reported a week ago. […]

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Irrational Exuberance During Trump Rally Exceeded All Records! We’re sailing into a massive stock-market crash.

Posted May 29, 2017 By David Haggith
By Neuroxic (Own work) [CC BY 4.0 (http://creativecommons.org/licenses/by/4.0)], via Wikimedia Commons

If I can show you that economists, central bankers and stock analysts are blind in the area of their expertise to the most obvious setup for disaster ever, then you’ll realize we are perfectly poised for potentially the greatest stock market crash in history. Many times in the past few months, I’ve heard these people say that the […]

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List of Seven Troubles Assailing the US Economy as We Head into Summer

Posted May 24, 2017 By David Haggith

The following is not simply a list of negative risks to the economy but a list of of serious economic conditions that are already placing drought-like pressures on the overall economy. This list doesn’t include the long-term structural problems with the economy, such as its high debt burden, but just the forces that have risen against it this year.

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Summer Epocalypse Countdown: Trump Turmoil Takes Top Off Trump Rally

Posted May 22, 2017 By David Haggith
By DonkeyHotey (Donald Trump and Mike Pence - Caricature) [CC BY-SA 2.0 (http://creativecommons.org/licenses/by-sa/2.0)], via Wikimedia Commons

When financial Armageddon arrives, it can hit in a flash like a dangerous rogue wave — the kind that rises up when two big waves from different storms intersect and merge into a single wave big enough to capsize a ship. The global Wannacry warware attack and endless waves of Trump turbulence came together with just such damaging […]

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CNN News Flash: Anderson Cooper Inadvertently Confirms Trump’s Innocence in Russiagate Story

Posted May 20, 2017 By David Haggith
CNN / Anderson Cooper inadvertently confirms Trump innocence in Russiagate

I’m a fair player, so even though I’ve said Trump is damaging his ability to improve the economy by making himself look guilty in the Russiagate story, I’ll also point out news that indicates he is not guilty of collaborating with Russians. Here’s an odd twist in the Russiagate story as Anderson Cooper sleepwalks past the truth of his own news break:

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If Wannacry cyber attack didn’t make you wannacry, the next one will!

Posted May 18, 2017 By David Haggith
Anti Virus 777 at English Wikipedia [GFDL (http://www.gnu.org/copyleft/fdl.html) or CC BY-SA 3.0 (http://creativecommons.org/licenses/by-sa/3.0)], via Wikimedia Commons

The Wannacry malware that hit like a global mega-bomb, showed everyone how vulnerable we are to a global cyber attack. Billed as “one of the largest global ransomware attacks the cyber community has ever seen,” the infection started in London and then emerged almost instantly in Seattle, New York, and Tokyo. Within ten minutes, the coordinated attack became […]

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  • Knave_Dave posted on May 28, 2017
    I confess that I have never understood Bitcoin. It makes no sense to me that people solving hard math problems…
  • Spatial Memory posted on May 20, 2017
    Well said? After squandering such an economically tumultuous week with INCREDIBLY volatile capital market machinations and ramifications, the complete obliviousness…
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President Donard Trixon and the Trump-Putin-Nixon Water-Tower Coverup Scandal

Posted May 10, 2017 By David Haggith
Trump Nixon comparison

I know I said I’d stay closer to economics in my commentary and not so much pure politics, but today became so surreal, I couldn’t resist. I couldn’t make stuff up this rich if I were drinking electric Kool-Aid while mainlining acid here in the whacky world of President Donard Trixon and the Republicrats.

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Did Trump Get Thumped … or Supporters Get Dumped?

Posted May 3, 2017 By David Haggith
Donald Trump - Brazenly Antiestablishment or Neocon Trojan Horse? Art by DonkeyHotey [CC BY-SA 2.0 (http://creativecommons.org/licenses/by-sa/2.0)], via Wikimedia Commons

Trump’s supporters are increasingly alarmed, outspoken and feeling betrayed as their champion rolls over and plays lap dog for the political establishment. Even Rush Limbaugh, Trump’s golfing buddy and longtime advocate, said this week that what is happening with Trump and the Republicans is a “sellout” and “betrayal.”

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You Got Trumped! Trump rapidly losing strongest supporters

Posted April 29, 2017 By David Haggith
Trump's corporate tax cut is a gift to himself like his corporate jet.

Maybe Trump didn’t realize that all of his supporters actually expected him to deliver on all of his hard-edged statements. Or maybe he was Trojan Trump from the get go, just as I postulated many months ago to the outrage of many of my fellow anti-establishment readers who wanted to believe Trump was their champion. (I sympathize […]

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