Archive for September, 2015

Market Bulls are Full of Bull

Posted September 22, 2015 By David Haggith

The list of idiots who believe that the economy is in recovery and that the bull market is, apparently, eternally long is, itself, eternally long. I became breathless critiquing their dumb comments and had to cut the list short: Here’s a simple one to start with: Marketwatch’s Brett Arends says,   “Now is the time to buy stocks. Buy, […]

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A strange thing happened on the way to the stock market this week

Posted September 20, 2015 By David Haggith

Markets clenched, waiting to see whether the Federal Reserve would raise interest rates. Economists and brokers practically begged the Fed not to risk raising rates. The International Monetary Fund warned that a rise in rates at this precarious juncture could tip markets around the world into chaos. A few brave souls said, “Do it and get it over […]

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How to create sustainable economic recovery

Posted September 20, 2015 By David Haggith
tax burden of the beleaguered peasants give rise to socialist revolution

It should be coming clear that economic recovery has evaded us. If you’re not seeing that just yet, your illusion of recovery will dissolve quickly this fall, just as I’ve said it would. Nothing the Federal Reserve has done has created recovery because it was never possible that such simplistic stimulus — made to appear […]

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The Obama Economic Recovery in Nine Easy Images

Posted September 20, 2015 By David Haggith

If you refuse to blame the Obama administration for the “economic recovery” pictured in these charts, then you’re just a Democrat protecting your own ideology. If, on the other hand, you refuse to blame the Republican congress, you’re just a Republican protecting your own ideology. Either way, you are part of the problem. You are […]

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We Are Now in a Global Economic Crisis

Posted September 6, 2015 By David Haggith

First comes global economic crisis where major economic issues are bursting into flames around the world. Then comes total economic collapse, where the damage is a done deal and we live in the rubble. Right now, in September, 2015, the world is in the economic crisis stage — some parts of the planet more so than others; […]

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China’s & Russia’s Currency War on the Dollar

Posted September 2, 2015 By David Haggith
Plane made of burning dollar bills symbolizes price inflation and the Fed moving to digital currency

About a year ago, I said the Chinese economy would not crash, but that it would come in for a controlled landing as Beijing sought to lower it to a target of 7% growth — still excellent growth. So, there’s one I appear to have gotten wrong, given that China is starting to look like a train wreck. At […]

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