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Uncategorized Archive

The Big Reveal

Posted January 26, 2020 By David Haggith
Central banks are cause of inverted yield curve recessions

My last Patron Post pulls together a couple of major revelations by piecing together a report from the Bank for International Settlements, a couple of fascinating exposès by Zero Hedge, and a recent document from the Federal Reserve Bank of New York to reveal the actual close call with catastrophic failure that lay deep at […]

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Protected: Fed Fights Catastrophic Financial Collapse

Posted January 22, 2020 By David Haggith
The 2018-2-19 Housing Market Crash 2.0 is just getting started.

There is no excerpt because this is a protected post.

           
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Gathering around the stock ticker during the 1929 stock market crash.

I’m not going to predict when and how the US stock market will crash as I did by laying out the stages of its fall for 2018. That was easy, but the times are different now. Back then, the Fed had laid out a precise schedule for its tightening, and it was apparent to me […]

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Lunatic Larry Promises Trump Candyland for Election Year

Posted January 17, 2020 By David Haggith
Larry Kudlow by Gage Skidmore [CC BY-SA 3.0 (http://creativecommons.org/licenses/by-sa/3.0)], via Wikimedia Commons

National Economic Council Director Larry Kudlow, a top economic adviser to President Donald Trump, said Wednesday that the White House plans to unveil a plan for additional tax cuts later in 2020. “I am still running a process of Tax Cuts 2.0. We’re many months away – it’ll come out sometime later during the campaign,” […]

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The Tick, Tick, Talk of Recession Drones On

Posted January 2, 2020 By David Haggith
Édouard Riou [Public domain], via Wikimedia Commons

With stocks priced at record highs far above the economic landscape and still rising, the economy is still receding below. We’ll know at the end of January if the fourth quarter of 2019 was the worst of the past year, as I expect it will be. For now, we have to keep looking at numerous […]

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Protected: DIGITAL CURRENCY: Cashless Conclusion

Posted December 31, 2019 By David Haggith
By Vmenkov (Own work) [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

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Two Years of Trump Tax Cuts: What did they get us?

Posted December 29, 2019 By David Haggith
Trump tax plan trumps the middle class

After two years of this third experiment with trickle-down economics via the Trump Tax Cuts, we should have enough data to get an unbiased, factual view of the results. The following is going to be a short-and-sweet stroll down memory lane in pictures.

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Dr. Fed Frankenstein Kept Alive by Zombies

Posted December 27, 2019 By David Haggith
Zombie economists create US 20116 recession

Did you know Dr. Frankenstein created a monster that stays alive to this day by eating zombies? Neither did the zombies. Neither, apparently, did Dr. Frankenstein. In fact, the zombies, being braindead as zombies are, do not realize that they are also keeping alive the diabolical doctor who made the monster that is eating them.

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Repocalypse: The Second Coming

Posted December 23, 2019 By David Haggith
John Robert Charlton [CC BY 2.0 (https://creativecommons.org/licenses/by/2.0)]

This little monster that feeds beneath the surface of global banking at its core briefly raised one ugly eye out of the water as 2018 turned into 2019. I wrote back then that the interest spike we saw in the kind of overnight interbank lending known as repurchase agreements (repos) was just the foreshock of […]

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Truth and Consequences

Posted December 21, 2019 By David Haggith

How can one write about the underlying truth of the economy in a nation where the majority of people do not care about truth? Disregard of truth has become so extreme in the US that we’ve exceeded the queerness of calling a man a woman if he wants to change his body parts. In some […]

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Santa, No Longer Tariffied, May Rally for Christmas

Posted December 16, 2019 By David Haggith
U.S. Customs and Border Protection [Public domain]

Well, Santa is, at least, a little less tariffied. As I and many others speculated, Trump has come through with a No-Deal Deal on Chinese trade. The market showed Friday that it is not sure what to make of the No-Deal Deal, except not much. First it rose from its bed and threw up the […]

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No-Deal Trade Deal, Not a Done Deal!

Posted December 14, 2019 By David Haggith
DoD photo by Erin A. Kirk-Cuomo [Public domain]

Clear back in June I made the following easy prediction about Trump’s negotiations with the Chinese leader whose face can only be improved by a caricature: The market finally fell in May after months of rising because it started to become clear there will be no Chinese trade deal in the near future. (It was always […]

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What Went Up Came Down and Up and Will Come Down Again

Posted December 5, 2019 By David Haggith
Joe Ross from Lansing, Michigan [CC BY-SA 2.0 (https://creativecommons.org/licenses/by-sa/2.0)], via Wikimedia Commons

It can’t come as any surprise that the stock market’s lofty balloon ride during the past couple of months fell because of a few words this week. It only rode up on sweet tweets by Trump about trade, which created a thermocline for it to ride. So, of course, the market plummeted this week in […]

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The Relentless Road to Recession Continued

Posted November 21, 2019 By David Haggith

Consider this a travelogue in pictures (graphs and charts really) that presents a rather striking and comprehensive image of a nation journeying into recession. Our decline is steeper now than it was even in my retelling of economic turns during the summer and early fall.

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