Archive for November, 2015

Buying GOLD Safe-Haven Assets, Not so Safe

Posted November 23, 2015 By David Haggith
By Agnico-Eagle (Agnico-Eagle Mines Limited) [CC0], via Wikimedia Commons

I don’t trust buying gold safe-haven assets as something that is certain to appreciate in bad times, and I have one very simple reason why. You might think a writer who predicted our unfolding financial crisis before the Great Recession began … and who is predicting the global economy will collapse in the final quarter of 2015 … and who is predicting a stock-market […]

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Epocalypse Soon: Stock market denial begins to break

Posted November 15, 2015 By David Haggith
A housing market crash in 2018 is where we start 2019

I have moved from “Epocalypse Coming” to “Epocalypse Soon,” meaning the economic apocalypse that will be the second collapse of the Great Recession. I am taking about the big one just ahead where we finally discover the real depth of the Great Recession — an economic abyss that was spanned by the Fed with a paper bridge. […]

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The Grexit is Back

Posted November 13, 2015 By David Haggith
By Panayotis Vryonis from Athens, Greece (IMG_0179) [CC BY-SA 2.0 (http://creativecommons.org/licenses/by-sa/2.0)], via Wikimedia Commons

This year, I predicted that Greece would default on its debt, that it would strike a deal with its european counterparts in the Eurozone, that the deal would lead to public riots later in the year, which would lead to Greece again facing a Grexit in the fall, and that Greece would ultimately leave the euro this […]

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Further Proof Immigrant Labor is Cause of Stagnant Wages

Posted November 9, 2015 By David Haggith
immigration economics has a huge cultural cost

The number of employed immigrant laborers in the US hit an all-time high in October, increasing by 192,o00 in October. Interestingly, in terms of the argument I have been running on this site, they have a much lower unemployment rate than native-born Americans. The migrant unemployment rate is running at an enviable 4.4%. This rate is for […]

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Epocalypse Coming: Fed Reserves Right to Raise Interest at Worst Time

Posted November 7, 2015 By David Haggith
Perfect storm for 2019 recession

October came and went without economic apocalypse. In fact, a stock market that plunged in August experienced better than full recovery in October — more than just a bounce. Nevertheless, some think (as do I) that the crash has begun, and that it will unfold as a cascade of worsening catastrophes. So, get ready for the epocalypse. […]

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Candidate Carson Rides atop the Republican Clown Car

Posted November 6, 2015 By David Haggith
By DonkeyHotey [CC BY-SA 2.0 (http://creativecommons.org/licenses/by-sa/2.0)], via Wikimedia Commons

Originally thought to be the backseat candidate, Republican presidential candidate Ben Carson has now taken the wheel of the Republican clown car. Being a Christian candidate is so important to Candidate Carson that he feels he must continue to support a particularly strange theory that he came up with in college to validate the Bible. In his college days, Gentle Ben invented […]

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