Beware of Good News That Puts Lipstick on a Hillary

Posted July 15, 2016 By David Haggith
US retail sales data and industrial production data not what its seems.

… or hair coloring on Donald Trump. Neither one helps. Do you scratch your head as I do, when you read one story in the news that says retail sales grew in June and then read another that says retail sales sucked like a drain hole? Often things are not what they seem.

7 Comments so far. Join the Conversation
1929 stock market crash

Melt-ups precede a major stock market crash, and by all appearances we may be in a melt-up right now that could cause a stock market crash in 2016. First, a small bit of euphoria kicked up permabull adrenaline in the US market when Brexit didn’t make the American sky fall overnight. At the same time, central banks scurried to buy stocks all over the […]

21 Comments so far. Join the Conversation
The Epocalypse has arrived

Summer vacation is here, and the whole global family has arrived at Central-Bank Wonderland, the upside-down, inside-out world that banksters and their puppet politicians call “recovery.” Everyone is talking about it as wizened traders puzzle over how stocks and bonds soared, hand-in-hand, in face of the following list of economic thrills:

6 Comments so far. Join the Conversation

Brexit-Beleaguered Bankers Back to Begging for Bailouts!

Posted July 10, 2016 By David Haggith
By Lucian.amarii (Jup) [CC BY-SA 3.0 (http://creativecommons.org/licenses/by-sa/3.0) or GFDL (http://www.gnu.org/copyleft/fdl.html)], via Wikimedia Commons

Nothing is more shameless in a bedazzling sort of way than rich banksters standing on the public curb with their hands out. First, we had the admission this past week by a major French bank that Italian banks are so sick (and so too big to fail) they could cause systemic banking failure throughout Europe if not bailed out […]

10 Comments so far. Join the Conversation
Oso Landslide, Washington

Brexit — the second major landslide in the Year of the Epocalypse — has bankers all over the world scrambling to pick up and prop up their crumbled facades this week. This is one more jolt in the developing global economic collapse that I predicted for 2016.

22 Comments so far. Join the Conversation
Lionel Walden [Public domain], via Wikimedia Commons

At long last the tyranny of the global financial elite has been slammed good and hard…. The British people have rejected the arrogant rule of the EU superstate and the tyranny of its unelected courts, commissions and bureaucratic overlords…. Smaller government—–at least in geography—–is being given another chance. And that’s a very good thing because more localized […]

3 Comments so far. Join the Conversation
Brexit Flag

Regardless of the extent to which global fear mongers are right about the economic catastrophe that will hit every shore of the world after the Brexit, the most significant fact of the Brexit will be that the UK was the first nation to start the inevitable break-up of the EU. I have said since its beginning

7 Comments so far. Join the Conversation
Negative interest rate policy never happened. (Photo by Charlie Llewellin (Flickr: Occupy Austin) [CC BY-SA 2.0 (http://creativecommons.org/licenses/by-sa/2.0)], via Wikimedia Commons)

The economics world is all a-chatter about how central banks and their member banks have moved interest rates beyond the zero bound to charging negative interest rates. There is just as much brainless talk about why this is accomplishing nothing. No one seems to notice that negative interest rates never actually happened! Sounds preposterous? Think about it:

8 Comments so far. Join the Conversation
BurningMoneyPlane

In the fall of 2015, I said the Federal Reserve would raise interest rates once in December then would not be able to fly any higher thereafter. The stock market would crash shortly after the Fed pulled up on the interest stick (which it did in what became the worst January in stock-market history), and then the Fed’s hopes […]

14 Comments so far. Join the Conversation
immigration economics has a huge cultural cost

Have you ever wondered why politicians make some immigration illegal and then turn a blind eye to illegal immigration wherever it is happening … for decades? What about why they talk so much about building walls to keep out the vast hoards, rather than simply arresting the much smaller number of people who hire illegal immigrants? […]

25 Comments so far. Join the Conversation
By fernost (Self-photographed) [Public domain], via Wikimedia Commons

Here are several quick looks at the oil supply glut and whether it is likely to worsen, hold the same, or improve during the summer of 2016.   First, a picture of the cost of the oil supply glut   This snapshot of a major oil company epitomizes what is happening in most oil companies, big […]

8 Comments so far. Join the Conversation

Zombie Economy Soon to Have its Zombie Epocalypse

Posted May 22, 2016 By David Haggith
By Charlie Llewellin (Flickr: Occupy Austin) [CC BY-SA 2.0 (http://creativecommons.org/licenses/by-sa/2.0)], via Wikimedia Commons

This past Thursday marked the one-year anniversary of the US stock market’s death when stocks saw their last high. Market bulls have spent a year looking like the walking dead. They’ve tried to push back up to that distant high that means new life several times, but each time the market falls into a pit again. The market’s inability […]

18 Comments so far. Join the Conversation
stock-share-buybacks

I have pointed out in previous articles how most of the growth in stocks over the past few years has been due to stock share buybacks. Without this hideous (and at one time illegal) practice, there would have been no bull market over the last few years. That’s right. Research from no other place than […]

3 Comments so far. Join the Conversation
By Tech. Sgt. David McLeod (Defenseimagery.mil, VIRIN DF-ST-92-09166) [Public domain], via Wikimedia Commons

The fate of oil companies and nations hangs in the balance of oil prices. Russia could go broke. Some think that’s by US design. Saudi Arabia could experience its Arab Spring if oil prices remain too low too long. And OPEC is dead. That’s the biggest news in this new century for oil. The House of Saud […]

14 Comments so far. Join the Conversation