![By Vmenkov (Own work) [CC BY-SA 3.0 (https://creativecommons.org/licenses/by-sa/3.0) or GFDL (https://www.gnu.org/copyleft/fdl.html)], via Wikimedia Commons](https://thegreatrecession.info/blog/wp-content/uploads/Burning-money-and-yuanbao-at-the-cemetery-3249-150x113.jpg)
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Filed in Premium Posts | Tagged: hyperinflation, stock market, The Federal Reserve, the great recession
One Man’s Devastating Conclusion
Posted February 21, 2021 By David Haggith![Dorothea Lange [Public domain], via Wikimedia Commons](https://thegreatrecession.info/blog/wp-content/uploads/Destitute_man_vacant_store-150x147.gif)
I want you to read one average person’s year-end description of the changes in our socio-economic landscape we experienced in 2020 because his words build toward a devastating realization at the end: The movement back to the farm has grown stronger … until today it is almost an exodus from the city to the farm…. […]
Filed in Uncategorized | Tagged: recession v depression
With 2020 Hindsight, Where Does Housing Go from Here?
Posted February 19, 2021 By David Haggith![By FEMA News Photo (This image is from the FEMA Photo Library.) [Public domain], via Wikimedia Commons](https://thegreatrecession.info/blog/wp-content/uploads/Hurricane_Destruction-150x116.jpg)
Things couldn’t be worse if you’re in the market for a house, except that they can be and probably will be. As it stands, you can probably buy this photographed “cosmetic” fixer for half a million if it’s in a modest neighborhood or a large city that everyone is fleeing. Housing prices rocketed to the […]
Protected: Even Moron Market Mania
Posted February 14, 2021 By David Haggith![By Germán Torreblanca (Own work) [CC BY-SA 4.0 (https://creativecommons.org/licenses/by-sa/4.0)], via Wikimedia Commons](https://thegreatrecession.info/blog/wp-content/uploads/FatWomanSculpture1-100x150.jpg)
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More on the Market’s Mania
Posted February 11, 2021 By David Haggith
Just a collection of market miscellaneous that continues to demonstrate how out-of-whack this market is with all reality. BofA notes that “we have already eclipsed the prior record in equity issuance from the dot-com bubble and we note that after the last two peaks, S&P 500 PE multiples dropped….” At the same time, for the past […]
Filed in Uncategorized
Protected: QAnon and on and on
Posted February 9, 2021 By David Haggith
It was Easier to Believe President Donald was a Duck than a Quack
Posted February 8, 2021 By David Haggith
How the QAnon conspiracy theory attracted millions of followers, many of whom were willing to drink the Kool Aid and die for their beliefs, will always be for me one of the modern marvels of mankind. Somehow it was easier and more logical for millions of people who needed hope to believe Bill and Hillary […]
Filed in Uncategorized | Tagged: Donald Trump
My Turn to Turn or Turn In
Posted February 7, 2021 By David Haggith
Two years ago when I was weary of writing about the economy for nothing, I said I would only continue to write on this subject if I could achieve, at least, $500 in monthly support. (Prior to that I never asked for support and gave away my thoughts for years to anyone who would listen.) […]
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Protected: Big Game Hunters Become the Game Then Outgame the New Gamers
Posted February 7, 2021 By David Haggith![By A. Burnham Shute (Moby-Dick edition - C. H. Simonds Co) [Public domain], via Wikimedia Commons](https://thegreatrecession.info/blog/wp-content/uploads/382px-Moby_Dick_p510_illustration-118x150.jpg)
DON’T-STOP GAME STOCKS: Bankrupt Companies As Trillion-Dollar Chips in the Wall Street Casino
Posted February 6, 2021 By David Haggith
The faint heartbeat of this week’s jobs report did not keep the stock market from trying to scramble back up to its record heights. The surging and plunging and scrambling for cash and closing of gates at Robinhood did not stop the rise either. Robinhood became a broken arrow Let’s just say market mania rose […]
Filed in Uncategorized | Tagged: stock market
EPILOGUE: A Night to Remember at a Palace Beside the Sea
Posted January 19, 2021 By David Haggith
At a peachy-pink palace that remained from a bygone era beside the sea in a land of decaying swamps, the king of Deep State gathered with the richest of his rich subjects to celebrate his former accomplishments and greatness. As with all kingdoms, only the old-money crowd gathered in the palace to dine with the […]
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Nothing to See Here, Folks. I Mean, Literally, NOTHING.
Posted January 16, 2021 By David Haggith![By 95 b-body ss [CC BY-SA 3.0 (https://creativecommons.org/licenses/by-sa/3.0)], from Wikimedia Commons](https://thegreatrecession.info/blog/wp-content/uploads/Closed_mall_shops-150x113.jpg)
Every couple of months, I bring us up to date on how the economy has changed, and the last couple of month have taken us predictably back into economic decline, following a summer burst of subnormal passableness that never got us out of the crater we fell into last spring.
MAGAnificent! The Economic Truth or Terror is Known at Last
Posted January 15, 2021 By David Haggith![By John Phelan (Own work) [CC BY-SA 4.0 (https://creativecommons.org/licenses/by-sa/4.0)], via Wikimedia Commons](https://thegreatrecession.info/blog/wp-content/uploads/Photomosaic_of_Donald_Trump-103x150.jpg)
What does MAGAnificent America look like now that it’s here? Does America really feel greater after the last four years? Be honest now. Be really honest. From where I stand, America has never looked worse in any year of my life! That’s a statement packed with facts.
Barreling Toward Epocalypse: Grading My 2020 Predictions
Posted January 13, 2021 By David Haggith![By Photo credited to the firm Levy & fils by this site. (It is credited to a photographer "Kuhn" by another publisher [1].) (the source was not disclosed by its uploader.) [Public domain], via Wikimedia Commons](https://thegreatrecession.info/blog/wp-content/uploads/500px-Train_wreck_at_Montparnasse_1895-125x150.jpg)
After each year closes, I typically grade myself on the predictions I made for that year. My last set of predictions were written near the end of June, during our reopening from the COVID lockdowns, for the second half: “2020 Economic Predictions: This Series of Unfortunate Events Guarantees the Epocalypse.” I led off with this […]
