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2015 Economic Predictions

Posted January 1, 2015 By David Haggith

I start the year by ending my blog in fulfillment of my bet, so this will be my last post, even as I lay out my 2015 economic predictions, which I think will be my best to date. Last year, I predicted that the economy would become particularly volatile in the fall — especially the U.S. stock […]

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An Economic Vision for Real, Sustainable Recovery

Posted December 24, 2014 By David Haggith

My economic vision for real, sustainable economic recovery is easy to understand, easy to believe in and almost impossible to enact politically. I’ve laid it out in bullet points throughout the article below:   Banks that failed would be allowed to fail, so the bad stuff dies and decays back into the fetid earth, and the evil and greedy are […]

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Singing the Banker Bailout Blues – Where is your rage, America?

Posted December 14, 2014 By David Haggith

This article is meant to be a kick in the ribs to a sleeping America. So, I hope you don’t like it. I hope it annoys you and jars you awake. Six years of economic struggle, and America has learned nothing from the Great Recession. Congress just passed a bill that assures cash-bloated banksters that the […]

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Stock Market Collapse Continues to Unfold in Turbulent Fall

Posted December 13, 2014 By David Haggith

Yes, the economic headwinds all over the world are growing, and a subconscious awareness is spreading that there is no recovery. Consider just the events of this past week:   Stock market collapse seen in second correction?   What? The stock market is correcting again … already? The Dow just had its worse weekly loss since 2011. And […]

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Fall shows no recovery in economic recovery

Posted November 26, 2014 By David Haggith

Just a few headlines here showing where the economic news is starting to drift:   Orders for Business Equipment Unexpectedly Fall Orders for U.S. business equipment such as machinery and electrical gear unexpectedly declined in October, a sign that recent increases in corporate investment may not persist. Bookings fell by 1.3% each month this fall.   […]

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No Progress in Iran Nuclear Talks Predictable as Deadlock in Congress

Posted November 24, 2014 By David Haggith

Predicting the Iran nuclear talks would get nowhere was as easy as shooting fish in a fish market. What’s hard is understanding why so many others fail to see the obvious. Last week, I wrote,   It would surprise me greatly to see the West have the pluck to say, “This was our fourth deadline, […]

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Global Economic Headwinds Continue to Build

Posted November 19, 2014 By David Haggith

The economic turmoil I predicted last spring and summer arrived onshore right on schedule, but the arrival was not quite the storm I said it would be because I doubled down on my bet by adding that the U.S. stock market would crash. While the stock market did take a serious plunge a few days after I said its crash was imminent, […]

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Reagan Budget Director: Recovery of Stock Market Rigged

Posted November 19, 2014 By David Haggith

Was the recovery of the stock market rigged? David Stockton, President Reagan’s Director of the Office of Management and Budget, says it was:   The markets plunged on a vague recognition that the central bank promoted recovery story might not be on the level. But that tremor didn’t last long. Right on cue the next day, one of the very dimmest Fed heads — James […]

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ObamaCare Transparency Video: Obama’s Economist says “Lack of transparency is a huge political advantage.”

Posted November 10, 2014 By David Haggith

In this candid YouTube video, the architect of Obama’s signature accomplishment states that avoidance of “transparency” was essential to selling the law to “stupid American voters.”     ObamaCare transparency intentionally avoided at all costs. How ironic: It’s the one act that bears President Obama’s name. It is the one act that is President Obama’s chosen legacy, and  Barrack Obama is the […]

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Wealth Inequality in America Funded by Federal Reserve

Posted October 23, 2014 By David Haggith

When Federal Reserve Chair Janet Yellen worries about growing wealth inequality in America, I wonder if she’s truly unaware of how she helps create this disparity. All of the Fed’s efforts at economic recovery have been directly applied toward helping the America’s most wealthy recover first. How can you not create greater wealth inequality in America when the recovery program for the Great […]

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For Once I Agree with Larry Kudlow

Posted October 19, 2014 By David Haggith

Larry Kudlow wrote, “One of the absolutely stupidest things I have heard in recent weeks is that the recent drop in oil prices is bad.” Stupid, indeed. I wouldn’t even use falling oils prices to claim I won my bet that the economy would enter a stormy period this fall. All the same, Larry practically hands me the winnings on my […]

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Can the CDC Stop Ebola in the US?

Posted October 17, 2014 By David Haggith

Looking at this list of failures of the Centers for Disease Control to stop Ebola in the US so far, there’s good reason to wonder if they are up to the job. The cheapness of hospitals and the foolishness of adminstrators and doctors in not being better prepared is inexcusable. Consider the following examples and my common-sense […]

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Why Ebola Fear Made the Stock Market Shudder

Posted October 17, 2014 By David Haggith

When three people getting Ebola in the U.S. can cause the stock market to shudder, then you know the market has entered that crisis I was talking about when I said the headwinds to the global economy would become so strong in the fall that a single significant event out of the blue — such as Ebola […]

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The Global Economic Storm is Here, but There are Silver Linings for Some

Posted October 16, 2014 By David Haggith

A global economic storm has arrived. It’s not blowing full force, but here is what it looks like in a bullet list of recent economic changes:   Japan’s economy is in rapid recession, dropping 7% with industrial production tumbling 3.3% year-on-year. U.K. inflation has plunged to its lowest in five years, edging up fears of a deflationary spiral, […]

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