GDP Ain’t What it Used to Be!

Posted August 20, 2019 By David Haggith

Let me help remove the rose-colored glasses for anyone who still thinks GDP this year is good.  First, GDP growth in the first quarter was not “great” as I’ve heard some claiming. It was, by US historical standards, a little lower than mediocre. Second, the biggest tax cuts in history only got us down to […]

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Bubble Bubba Isn’t Doing Fine Anymore

Posted August 14, 2019 By David Haggith

Let’s take a look at how the average consumer is doing. I’ll call this typical consumer “Bubba” because I just read an article that claimed “Bubba’s doing better today than at any time since before the Korean War.” It disgusted me because I found it to be such a disingenuous set of lies wrapped in […]

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The Bull is Dying

Posted August 10, 2019 By David Haggith
HM Stoops? (the name signed to 2 of the 6 illustrations on the page of the newspaper—they all seem to be from the same hand, despite this particular image is unsigned) [Public domain], via Wikimedia Commons

Oh my gosh, what a load of BULL I keep reading among the gurus who whine about negative headlines and complain that this unmerited negativity is the only thing that is killing the bull market. Bull. The bellowing bulls cry every time someone runs a negative headline, “Stop, you’re breaking our bull market with your […]

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When will we win? Chinese trade victory is a mirage

Posted August 9, 2019 By David Haggith
Zombie economists create US 20116 recession

The following is my recent argument with yet one more market analyst who can’t see straight, even when his article overall was admitting it was time to bail out of stocks. Correcting the market mantras that dominate the bullheaded is partly why I am here.

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And That’s How it All Came Down

Posted August 6, 2019 By David Haggith
Cleaning up after the stock market crash.

On June 12, I wrote, The market is moving into waiting mode as the Fed’s next FOMC meeting where they have the opportunity to live up to the rate-cutting hopes they’ve raised come next week. As it does, it is forming that topping pattern that keeps repeating at this level. “Frothy Bubbles Make Me Whine“ […]

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David-Haggith-Image

I’ve just posted my latest Premium Post on Patreon. It’s about the world-sized peculiarities that are showing up in the bond market as well as the conjuncture of ill-opposed events happening this coming week in the US treasury bond market. The distortions I see in the surface of the bond bubble (Let’s just call it […]

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By Marcosleal (Own work) [CC BY-SA 3.0 (http://creativecommons.org/licenses/by-sa/3.0)], via Wikimedia Commons

There is no excerpt because this is a protected post.

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One thing I never posted and should have when I’ve stated that the stock market did take its second major leg down in the “early summer” of 2018, as I had predicted, was this graph of the FAANG stocks. The index shown here should be considered a major stock index in one all-important sense: The […]

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A journey in photos and facts to compare the present Great Recession with the past Great Depression to gain perspective on where we might be headed.

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The Fed’s Final Bullet Hits ‘Em in the Foot

Posted July 19, 2019 By David Haggith

The Fed’s missteps and flip-flops this week tripped up multiple markets. After accidentally announcing their ammo is down to one last bullet against recession, can they be trusted to handle powerful weapons?

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The Drip, Drip, Drip of Recession

Posted July 19, 2019 By David Haggith

News of significant recessionary drops in the US became as relentless this past week as the ping, ping, pang of drips from a leaking ceiling hitting pans in the New York Stock Exchange. I’ve been saying you would hear the sounds of recession everywhere as soon as the second-quarter earnings reporting season began this summer. […]

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“The Recession is Now”

Posted July 18, 2019 By David Haggith

The Federal Reserve knows we are in a failing economy, or it would not be holding town meetings all over the US to prepare the public for actions more extreme than we are used to seeing. Hear what the Fed is seeing fall around us and why it is rapidly switching back to recovery mode.

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This month the economic expansion brought to you by your Federal Reserve and by US government largess becomes the longest expansion in the history of the United States! That’s something, right? Something? Let’s take an honest look at what we now call great.

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A Long Shadow Creeps over the Economy This Summer

Posted July 12, 2019 By David Haggith
2017 Economic Forecast is looking like the mother of all storms

It’s time to turn around and see the darkness that the Fed sees looming over you. Earnings season is already extending signs of recession with the first corporate reports coming in far darker than expectations that were already twilight dim in FactSet’s estimations, which pegged earnings as likely to show a 2% contraction.

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