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Uncategorized Archive

The Drip, Drip, Drip of Recession

Posted July 19, 2019 By David Haggith

News of significant recessionary drops in the US became as relentless this past week as the ping, ping, pang of drips from a leaking ceiling hitting pans in the New York Stock Exchange. I’ve been saying you would hear the sounds of recession everywhere as soon as the second-quarter earnings reporting season began this summer. […]

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“The Recession is Now”

Posted July 18, 2019 By David Haggith

The Federal Reserve knows we are in a failing economy, or it would not be holding town meetings all over the US to prepare the public for actions more extreme than we are used to seeing. Hear what the Fed is seeing fall around us and why it is rapidly switching back to recovery mode.

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This month the economic expansion brought to you by your Federal Reserve and by US government largess becomes the longest expansion in the history of the United States! That’s something, right? Something? Let’s take an honest look at what we now call great.

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A Long Shadow Creeps over the Economy This Summer

Posted July 12, 2019 By David Haggith
2017 Economic Forecast is looking like the mother of all storms

It’s time to turn around and see the darkness that the Fed sees looming over you. Earnings season is already extending signs of recession with the first corporate reports coming in far darker than expectations that were already twilight dim in FactSet’s estimations, which pegged earnings as likely to show a 2% contraction.

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The bears that are gathering will soon enough be picking flesh off the sun-bleached bones of this market. Even the Fed Chair, who usually does all he can can to avoid dismal pictures and to sound optimistic, is finally talking downcast about the US economy.

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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

Stock market investors, hungry for more pork, are demanding Fed Chair, Jerome Powell, land on their table on a silver platter with an apple in his mouth at this week’s congressional testimony. Will he deliver? Powell has a thin red line to talk, or this overFed market, which he and is cronies have nurtured, dies […]

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Right after Trump’s inauguration, I ran an article about how incredibly fake the news coverage was about his inauguration. (Those reading my site know I’m not a big Trump fan, but credit where credit is due and calling fake where calling fake is due.) The media was nothing short of spectacularly fake in the news […]

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Ten Big Steps down the Road to Recession

Posted July 5, 2019 By David Haggith
Carmageddon keeps on rolling

First, a decline in manufacturing, and then a slump in service industries, now a broad-spectrum inversion of the yield curve hitting its most critical metric this week, unemployment finally starting to rise again, a one-year relentless housing decline across most of the nation and the world, carmageddon pressing car dealers to offer big incentives once […]

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

If you’re a Trump supporter, you’re going to hate this article and love it; likewise, if you are a Trump hater. I am going to lay out evidence that Trump is either the biggest moron of a president the US has ever had but also my own 4-D chess explanation that would make him cunning […]

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Cleaning up after the stock market crash.

That didn’t take long. On Saturday, well before the US stock market opened post-China-trade-talks, I wrote: The next step for the market would likely be that the remaining stock indices that have not pushed past their own previous peaks would now punch through. By that … I meant those indices like the Dow that were […]

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Beware the Lies you Read. Beware the Market Mania.

Posted July 1, 2019 By David Haggith

I want to comment on an article featured prominently all weekend on Zero Hedge because it is packed full of so many lies or distortions that I don’t know what it was even doing there. As you know, I read Zero Hedge a lot and appreciate economic perspectives they give, so I’ll give them the […]

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Best-Case Scenario Has a Worst-Case Twist

Posted June 29, 2019 By David Haggith
Gathering around the stock ticker during the 1929 stock market crash.

So, I did say my “worst-case scenario” did not seem like the most likely scenario to play out from the G-20 summit. Now we know my “best-case scenario” and most likely scenario is the one Trump and Xi have chosen, but what does that mean for the month of July?

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US military photo to go with "wars and rumors of wars"

President Trump stated on Wednesday that a war with Iran will be fast and easy. Let’s hope that means faster and easier than the trade war with China has turned out to be, now a year long and getting worse.

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We’re O.K. They’ve Got This

Posted June 27, 2019 By David Haggith

All is well in the wonderful Land of Oz. Munchkin had that same dopy-faced, thumbs-up look when he was drifting on his plastic bubble bed in a languid pool back in December somewhere in the Carribbean after assuring the world via Treasurer’s tweet that he had called all the major US banks to make sure they […]

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