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By FEMA News Photo (This image is from the FEMA Photo Library.) [Public domain], via Wikimedia Commons

It is widely believed that World War II gave us the end of the Great Depression. As a result, people have said for decades there is nothing like a wartime economy to bring recovery from economic recession. War blows apart a lot of things, so you have to make a lot of things, which puts […]

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Team Trump Transmogrifies into the Swamp Thing

Posted August 26, 2017 By David Haggith

The establishment has eaten the White House, and yet I continue to read supporters of President Trump who desperately hold to the delusion that Trump  is playing a game of 4-D chess — a game so advanced that no one else on the face of the earth can understand that Trump is winning. Trump’s masterful […]

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(Black hole as symbol of negative interest rates policy.) By XMM-Newton, ESA, NASA [Public domain], via Wikimedia Commons

Countering recent US sanctions and President Trump’s talk of ending the “bad” nuclear agreement with Iran, Iran’s president threatened to restart its nuclear program. If his threat is true as stated, he unwittingly admitted something highly supportive of Trump’s position:   Mr. Rouhani said that a reconstituted nuclear program would be “far more advanced,” a […]

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Wars and Rumors of Wars Title Photo - US Navy Jets against background of storm clouds

August is a sultry month for stocks as markets thin out during the dog days of summer. Everyone leaves investing for a break from the heat. Statistically, August is the worst month for overall stock performance, while September delivers more of whatever August sends its way or brings its own dark surprises. After that, October […]

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

The 1929 stock market crash became the benchmark to which all other market crashes have been compared. The following graphs of the crash of 1929 and the Great Depression that followed, the dot-com crash, and the stock market crash during the Great Recession show several interesting similarities in the anatomy of the world’s greatest financial […]

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One reason I started my own economics blog was because of how tired I was of reading government-regurgitated half truths about the economy. Nothing has changed. As Newsmax and other publications report this week that July was a bumper month for lower-wage earners, I continue to have to sift for myself through all the glitter […]

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With 60% of stocks now being traded by bots that fake each other out in order to create buying opportunities, stock exchanges have lost their connection to the reason markets are created in the first place. The exchanges no longer exist as places for people to buy and sell ownership in a corporation. They exist […]

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tax burden of the beleaguered rich

The Great Recession was so great for the only people who matter that it is time to do it all again. Time to shed those bulky new regulations that are like clod-hoppers on our heals and dance the light fantastic with your friendly bankster. Shed the encumbrances and get ready for the new roaring twenties

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How Will the Federal Reserve Untie its Gordian Knot?

Posted July 17, 2017 By David Haggith
By Kikuyu3 (Own work) [CC BY-SA 4.0 (http://creativecommons.org/licenses/by-sa/4.0)], via Wikimedia Commons

The Federal Reserve is telegraphing that it is going to begin its great unwind in September. It’s going to untie its own not untiable knot. In case you cannot untie what I just said, that’s a knot that cannot be untied. I’m writing the article to ask you to ponder this conundrum with me.

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Did anyone say housing bubble collapse?

In the fall of 2015, I coined the term Epocalypse to describe and define the scale of economic collapse that we are headed into. I couldn’t think of a better term because it conveys connotations of “epoch” and “epic” with audible overtones of “collapse” while being a contraction for “economic collapse.”

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US Economy Keeps Moving Into Summer Storm

Posted July 12, 2017 By David Haggith

One of the kookiest moments last month came when Fed Chairwoman Yellen spoke about seeing no financial collapse in sight during our lifetimes   “Would I say there will never ever be another financial crisis? No. Probably that would be going a little too far, but I do think that we’re much safer, and I […]

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The Broken States of the Union

Posted July 1, 2017 By David Haggith

For the first time in US history a handful of US states is teetering on the edge of bankruptcy. Illinois is about to be downgraded to junk bond status, which will turn its financial problems catastrophic overnight. Illinois cannot possibly pay its accumulated debt, its unpaid medicaid expenses and its future retirement obligations, so bankruptcy […]

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What could be smellier and more tempting bait to get ISIS to launch a chemical-weapon attack than a US guarantee that “any” chemical weapon attack in Syria will be automatically blamed on Assad’s regime and will automatically result in the US attacking Assad and all of ISIS’s other enemies?

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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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