Archive for November, 2011

Stock Market Euphoric Over Ongoing Recovery from Great Recession; Credit Ratings Indicate Ongoing Crash into Great Depression. Which is it?

Posted November 30, 2011 By David Haggith

Today’s news gave rise to outspoken hopes that the Great Recession is ending … again. This seems to have the whole world excited, except me. The stock market is soaring this morning as the U.S. Federal Reserve and the European Central Bank announced an agreement to loan U.S. money to European banks at lower rates. Jobs […]

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Is a European Superstate under German Dominance the Hidden Goal of the Euro Plan?

Posted November 18, 2011 By David Haggith

The London-based Telegraph today reports a German memo that sets out major expansion plans for centralized EU powers in Brussels over individual European nations. “An intrusive European body with the power to take over the economies of struggling nations should be set up to tackle the eurozone crisis, according to a leaked German government document.”   […]

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Europe Seeks to Copy U.S. Plan of Solving Debt Crisis with Quantitative Easing

Posted November 18, 2011 By David Haggith

Europe is looking at solving the European debt crisis by creating more debt, which has been the U.S. master plan all along. “European Central Bank chief Mario Draghi told euro zone governments on Friday to act fast to get their rescue fund up and running, expressing exasperation at their lack of progress in response to […]

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Occupy Wall Street Now Unoccupied but Stronger

Posted November 17, 2011 By David Haggith

Occupy Wall Street or “Occupy Together,” as the broader movement beyond Wall Street has been called, became an international phenomenon faster than the Tea Party became a national force. Now, as the movement is being forced to unoccupy parks and other public spaces it is pressed to rethink its strategy. While the Occupy Wall Street […]

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Bushwhacked by the Bush Tax Cuts for the Rich

Posted November 16, 2011 By David Haggith

“Tax the Rich, Tax the Rich!” cry the protestors who occupy Wall Street. Overwhelming social disparity lies at the heart of their cries. Democrats want to correct that inequity by adding more taxes to the rich while conservatives protest against taxing the rich. The result is an impasse in the U.S. when it comes to solving its budget […]

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Why Economists Don’t Know Their Ass from a Donkey or a Recession from a Depression in the ground

Posted November 15, 2011 By David Haggith

Someone needs to put the nail in Coffin: “Another recession is pretty unlikely,” said Samuel Coffin, an economist at UBS Securities in Stamford, Connecticut, who correctly predicted the gain in retail sales. The report “suggests a very strong start to the quarter. We’ll continue expanding at a better pace.” (Bloomberg) Here is an economist so […]

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Euro-Crisis Goes Critical (i.e., Europe Falls Apart While I’m on Vacation)

Posted November 14, 2011 By David Haggith

Look at what happened while I was out to play! Here I was openly wondering, as I set off for a vacation, if my prediction was going to prove accurate about the European crisis going global sometime in October and taking the U.S. economy under. While I was on vacation, I deliberately avoided all news. […]

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Greek Crisis Ain’t Over Till Fat Lady Sings

Posted November 1, 2011 By David Haggith

Well, the German fat lady (Chancellor Angela Merkel) did sing, but her song rang hollow, and she was unable to sustain the final note. That’s because Greek Prime Minister George Papandreuo, gave her a sucker punch during her final note. Papandreuo suddenly switched his part from leading man to playing the fool by doing something […]

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