Knock-on Effects Knock out Economy Like Dominoes

Posted October 28, 2020 By David Haggith

The major knock-on effects of the COVID shutdown are now starting to stack against each other, pushing city centers into the dust. Here are some of the big moves that are as characteristic of the US as they are of the world overall.

Protected: Central Banks All-in on Cashless Cash

Posted October 24, 2020 By David Haggith

There is no excerpt because this is a protected post.

There is no excerpt because this is a protected post.

The Upbeat Downbeat on Housing and Commercial Real Estate

Posted October 14, 2020 By David Haggith
The 2018-2-19 Housing Market Crash 2.0 is just getting started.

I mentioned in a recent article that the weird thing about this recession is that it is the only one in which personal income has gone up during a recession. That, of course, is because of government assistance, which is making it so we don’t have to feel the pain of a recession that the […]

Employment’s Recovery Road Comes to an End

Posted October 13, 2020 By David Haggith

Jobs didn’t get much worse in September, but they stopped getting better. This is a tale of where the recovery road for the US economy ended. Unemployment is the crux of the Covidcrisis economic story. While jobs showed a little improvement in September, a little digging through the numbers reveals the return to full employment […]

A September to Remember

Posted October 10, 2020 By David Haggith

Try to remember the kind of September, When life was slow and oh so mellow. Try to remember the kind of September When grass was green and grain was yellow. Try to remember the kind of September When you were a tender and callow fellow…. –Tom Jones

Just When You Thought 2020 Couldn’t Get any Weirder…

Posted October 8, 2020 By David Haggith
By DonkeyHotey (Donald Trump and Mike Pence - Caricature) [CC BY-SA 2.0 (https://creativecommons.org/licenses/by-sa/2.0)], via Wikimedia Commons

The Vice President was upstaged by a tiny, little black fly that forced the VP debate to center on the one topic #pinkeyepence most wanted to avoid — his handling of the Covidcrisis. Chatter across the nation about the debate became all about Pence’s fly and his pink eye and … again … about how […]

Trump tax plan trumps the middle class

After saying the stock market’s rally today could best be explained by “the removal of uncertainty,” Jim Cramer got a hyuuge surprise out of a corner from which he least expected it. The surprise that moved the market was not, however, removal of the particular uncertainty that Cramer was talking about. It was removal of […]

2018 economic predictions

Throwing the Trump administration and campaign into turmoil, COVID-19 has struck the president, the First Lady, White House staff and key Republicans. The virus the president “downplayed” has imprisoned him for being a viral scofflaw. He can no longer attend rallies in person or shake hands or talk face-to-face with voters. He’s cancelled events.

By Federal Bureau of Investigation (FBI) [Public domain], via Wikimedia Commons

Senate hearings in Washington have laid bare the failures of the FBI investigation, showing there was never any evidence of ‘collusion’, and it was all a campaign to ‘get Trump’. The US Senate Judiciary Committee questioned former FBI Director James Comey during a hearing this week over the recent Horowitz report.

Trump's corporate tax cut is a gift to himself like his corporate jet.

The NYT’s much-heralded exclusive claiming that Trump is “profiting” from his presidency despite going “broke” during his tenure has more potholes than a New York alley.

Tick, Tock Stock Drop

Posted September 25, 2020 By David Haggith
Gathering around the stock ticker during the 1929 US stock market crash.

Since I’ve spent a fair amount of time on the US stock market of late, I won’t say much. Just taking a moment to note September just finished its fourth consecutive week down (final full week), maintaining a downtrend that began as we rolled over from August into September, setting up an October surprise.

Burning hundred-dollar bill

There is no excerpt because this is a protected post.

The Path by Which We Got Here

Posted September 22, 2020 By David Haggith
Central banks are cause of inverted yield curve recessions

It wasn’t just COVID that got us down the road to ruin. Because many think we are in what looks like a post-apocalyptic world of rubble only because of COVID or because of Trump, I decided now would be a good time to summarize how predictably the Fed’s Great Recovery and Great Rewind got us […]