Archive for September, 2014

Bearish Underbelly of Tech Stocks Reveals Increasing Market Vulnerability

Posted September 15, 2014 By David Haggith

While the market looks good on the surface, nearly half of Nasdaq Composite stocks are down 20% from a year ago, meaning they are all deeply mired in a bear market. The Nasdaq is made up largely of high-tech stocks, which is where market vulnerability showed up in the last crash of a speculative stock market. Bloomberg […]

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World Bank warns of global job crisis

Posted September 11, 2014 By David Haggith

Current projections are dim. Challenging times loom large…. There’s little doubt there is a global jobs crisis,” said the World Bank’s senior director for jobs. “Disturbingly, we’re also seeing wage and income inequality widening.” (Yahoo News)   The World Bank’s report, compiled by the International Labour Organisation (ILO), also stated that, despite a modest economic recovery in […]

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Great Recession job loss continues as predicted here

Posted September 9, 2014 By David Haggith

This is a drum I’m going to beat for awhile: People need to stop listening to economists who are fixated on statistics like Gross Domestic Product or job gains as an indicator of where the economy is going. People need, instead, to read this blog if they want to know where the global economy is going. […]

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Japan’s economy sinks faster

Posted September 8, 2014 By David Haggith

My Economic Forecast for 2014 tracks solidly on target, event after event. Japan’s economy experienced a massive contraction in the second quarter according to revised figures that are worse than former dismal estimates. In my “Economic Forecast 2014,” I wrote: On the other side of the storm brewing in the China Sea stands Japan, whose economy is faltering again. Abenomics (the ultimate […]

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Will there be a 2014 stock market crash?

Posted September 3, 2014 By David Haggith

I’m not going to go so far as to say there will be a 2014 stock market crash this fall, but there are some concerning forces building up to where I can lay out an argument for the risk in simple bullet points. I think anyone will see from these that no serious lessons have been learned fro […]

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