Devastating Damage from the Pandemic Is a Long Line of Bad News

Posted November 24, 2020 By David Haggith

It’s time for my semi-regular roundup of where the economy has gone since the last roundup, and … It’s a long line of devilish details

The Great 2020 Bailout Bonanza

Posted November 20, 2020 By David Haggith
hedge fund hedge hog (Basile Morin / CC BY-SA (https://creativecommons.org/licenses/by-sa/4.0))

Let us speak of megabanks and global corporations, chicanery and swine, and speak of how the great have feasted in the troughs of trillions dumped out by the present administration, congress, and the Fed, for 2020 makes the bailouts of the Great Recession look like childhood snacks.

Trump tax plan trumps the middle class

I have tried to be fair with Trump, taking down many of the big lies I have seen brought against him, but I hold him to the same standard of truth. His charges of fake news against the mainstream media could have changed things if he hadn’t told so many lies himself that he lost […]

By Michiel from Amsterdam, The Netherlands (Be stupid @ Amsterdam) [Public domain or CC BY 2.0 (https://creativecommons.org/licenses/by/2.0)], via Wikimedia Commons

Election night and the day that followed became one more exhibition of irrational exuberance in the stock market and an omen of chaos to come. Early on election night in the US, stock futures soared as soon as it looked to many investors like Donald Trump would have a clear claim to a second term […]

They say, “Peace, Peace” When There is No Peace.

Posted November 2, 2020 By David Haggith
U.S. Embassy Tel Aviv, Public domain, via Wikimedia Commons

12 Their houses will be turned over to others,together with their fields and their wives,when I stretch out my handagainst those who live in the land,”declares the Lord.13 “From the least to the greatest,all are greedy for gain;prophets and priests alike,all practice deceit.14 They dress the wound of my peopleas though it were not serious.‘Peace, […]

By John Phelan (Own work) [CC BY-SA 4.0 (https://creativecommons.org/licenses/by-sa/4.0)], via Wikimedia Commons

Hillary was a liar and a crook. By all appearances her campaign paid for and instigated the Great Lie against Donald J. Trump. Her campaign’s fabricated documents cast an intentional shadow over his entire term, pegging him falsely as someone who collaborated with “the Russians.” We don’t know how much she knew about the document […]

Halloween Madness Tears Stock Market to Shreds

Posted October 31, 2020 By David Haggith
Federal Reserve hacking its own recovery to death

Investors will start to realize the economy is not recovering in August, I said. As result, the stock market will break sometime in August or September, I said. It will likely experience an even bigger plunge as an October surprise, I said, because something about October loves a Halloweenish surprise for stocks.

Miles Taylor on CNN

Miles Taylor just outed himself as The New York Times’ Deep Throat, a.k.a. “Anonymous,” who boasted he was part of an internal soft coup against the Trump Administration by the deep state. He is now being called a deep fake by, well, nearly everyone.

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