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Uncategorized Archive

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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Repocalypse: The Little Crisis that Roared

Posted November 17, 2019 By David Haggith
Permission is granted to copy, distribute and/or modify this document under the terms of the GNU Free Documentation License ( http://www.gnu.org/copyleft/fdl.html ), Version 1.2 or any later version published by the Free Software Foundation; with no Invariant Sections, no Front-Cover Texts, and no Back-Cover Texts. A copy of the license is included in the section entitled GNU Free Documentation License.

That didn’t take long. I just published an article showing how the Fed had responded with a quarter of a trillion dollars to save the economy from what it claimed was a mere blip. Since then, the recession-causing Repocalypse I’ve warned of has roared around the world, forcing the Fed to amplify its response again. […]

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A Love Letter to my Crow about my 2019 Predictions

Posted November 15, 2019 By David Haggith
By Randy Robertson [CC BY 2.0 (http://creativecommons.org/licenses/by/2.0)], via Wikimedia Commons

Not-so-TruBlu97 was doing some of his typical cawing and provided the incentive for me, as we near the end of the year, to review the predictions I made for 2019, the most important one of which was locked within a Patron Post.

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There is no excerpt because this is a protected post.

           
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Caterpillar Keeps Climbing Even on a Downgrade

Posted November 4, 2019 By David Haggith
Tropenmuseum, part of the National Museum of World Cultures [CC BY-SA 3.0 (https://creativecommons.org/licenses/by-sa/3.0)]

This Cat apparently does have nine lives, and it’s already used seven of them. After six consecutive quarters in which Caterpillar’s earnings failed to meet plummeting expectations, Cat’s stock started to die each time then took a dead-cat bounce back to life. After its seventh quarterly fail in October, it only climbed higher.

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The Big Squeeze on Banks is Back and Badder than Ever!

Posted October 26, 2019 By David Haggith

It’s no longer just me using terms like “Armageddon, crisis, devastating, chaos, Great Depression;” it’s leaders of the world’s most august and conservative central banks!

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Housing Falls

Posted October 25, 2019 By David Haggith

The leaves are turning quickly now, and so is housing … down … like autumn’s leaves. Earlier this month, I wrote of how housing sales had started to float upward against my call for a long housing decline more than a year prior, but that turned out to be a mere swirl in the wind:

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Angela Merkel's euro crisis is back ... in 3D

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Celebrate because the Epocalypse is here!

As September rolled into October, the US central bank’s monetary madness blew all over us like a fountain of foam in a windstorm. First, the Fed burst into $75 billion in overnight funding operations due to obvious shortages all over the map in bank reserves. Then the surge spread beyond that into longer-term temporary funding […]

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QE4ever Arrives in One Quantifiable Quantum Leap!

Posted October 14, 2019 By David Haggith
(Black hole as symbol of negative interest rates policy.) By XMM-Newton, ESA, NASA [Public domain], via Wikimedia Commons

It’s QE4ever, Baby! The Fed’s latest move back into quantitative easing took a quantum leap in a single day with last week’s rush announcement of major permanent money injections to begin this Tuesday. Since the Fed adamantly denies it is doing what it is doing — going back to quantitative easing (because they legally have […]

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I spend much time criticizing the outlandish economic foolishness I see throughout the global economy and especially in the US economy (because the US economy is the one I am familiar with as a direct participant). Those who criticize need to be able to offer solutions. I have real, sustainable economic recovery ideas, but I […]

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The Relentless Road to Recession

Posted October 5, 2019 By David Haggith

“Show me the data,” demand those who cannot see a recession forming all around them and who keep parroting what they are told about the economy being strong because it is what they want to believe; yet, the data look like an endless march through a long summer down the road to recession.

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The Great Recession never ended. I say that because the deep economic flaws that caused it were never corrected. All recovery efforts since merely clouded our eyes to the problems growing larger around us, even making them worse, and now we are going back into the belly of the Great Recession.

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