Archive for November, 2014

Fall shows no recovery in economic recovery in the news

Posted November 26, 2014 By David Haggith

The stock market plunged. Then it seemed to recovery as if the good times would keep rolling, but look at what’s around the corner. Just a few headlines here showing where the economic news is starting to drift:   Orders for Business Equipment Unexpectedly Fall Orders for U.S. business equipment such as machinery and electrical gear […]

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No Progress in Iran Nuclear Talks Predictable as Deadlock in Congress

Posted November 24, 2014 By David Haggith

Predicting the Iran nuclear talks would get nowhere was as easy as shooting fish in a fish market. What’s hard is understanding why so many others fail to see the obvious. Last week, I wrote,   It would surprise me greatly to see the West have the pluck to say, “This was our fourth deadline, […]

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Global Economic Headwinds Continue to Build

Posted November 19, 2014 By David Haggith

The economic turmoil I predicted last spring and summer arrived onshore right on schedule, but the arrival was not quite the storm I said it would be when I later added that the U.S. stock market would likely crash. While the stock market did take a serious plunge a few days after I said its crash was likely imminent, it now rises […]

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Reagan Budget Director: Recovery of Stock Market Rigged

Posted November 19, 2014 By David Haggith

Was the recovery of the stock market rigged? David Stockton, President Reagan’s Director of the Office of Management and Budget, says it was:   The markets plunged on a vague recognition that the central bank promoted recovery story might not be on the level. But that tremor didn’t last long. Right on cue the next day, one of the very dimmest Fed heads – James […]

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ObamaCare Transparency Video: Obama’s Economist says “Lack of transparency is a huge political advantage.”

Posted November 10, 2014 By David Haggith

In this candid YouTube video, the architect of Obama’s signature accomplishment states that avoidance of “transparency” was essential to selling the law to “stupid American voters.”    (This video, just posted on YouTube today, is of candid remarks made by Jonathan Gruber at the Annual Health Economists’ Conference in 2013 in which he is essentially boasting to his fellow economists about […]

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