Archive for August, 2012

A funny thing happened on the way to Wall Street. News about the economy was as dark as the ink it was printed with, and yet stock markets vaulted upward. The Federal Reserve had been teasing the stock markets with round three of quantitative easing (QE3), and the noses of the market bulls now flared […]

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Baritt Obamney – Forget about Romney vs Obama

Posted August 14, 2012 By David Haggith

  Vote Baritt Obamney   for President in 2012   “A vote for Baritt Obamney is a vote for more of the same … or four more of the same.”   Baritt Obamney promises to be all things to all people. He will be the “change” you want him to be

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The headwinds for the economy look formidable as you read the economic news during these dog days of summer. Israel is pushing harder every day for an attack on Iran that would drive up oil prices just as food prices are already on the rise due to the most severe U.S. drought in my lifetime. […]

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Economists Just Don’t Get The Great Recession

Posted August 8, 2012 By David Haggith

The Business Editor of The Daily Telegraph must be dining on the food of the gods to be so high about recovery from the Great Recession, but he’s also eating with his feet and making quite a mess in his analysis, which speaks against any evolutionary development in his thirty years. According to The Telegraph, […]

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The stock market holds firm to its bullish trend during an onslaught of mediocre to bad economic news headlines because most investors are investment banks, betting that bad economic news means the Fed will deposit within those same banks more free money, which will fuel the stock market until the money is fully invested. The […]

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Today, I could not just put the jobs report data in the sidebar of economic news as usual because there was so much spin all over the place that I thought it all deserved an article introducing the way the jobs data news is spun.

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This week’s collection of economic news articles strongly reinforces my predictions earlier in the year that Iran will not back down from its nuclear program and that an Iran war will play a significant economic role in 2012 (with both the economic impacts of rising oil costs and the cost of war being added to […]

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