Archive for December, 2015

The Wars that are Killing Us Economically

Posted December 29, 2015 By David Haggith
By James Montgomery Flagg. (Cartoon by James Montgomery Flagg, via [1]) [Public domain], via Wikimedia Commons

I am contrarian at present, running very much against the fiscal flow of both parties and peacefully decrying the political establishment at every chance I get. I have always been an independent, politically, because I can barely stomach either party. (The mention of either word is like Ipecac syrup to me.) Long ago, I leaned […]

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Who is Responsible for Creating America’s National Debt?

Posted December 28, 2015 By David Haggith
Published in the US before 1923 and public domain in the US. Used to represent people piling up America's national debt.

In my last article, I described how Republicans and Democrats have equally contributed to America’s national debt AND to our economic crisis. That raised a lot of ire from some people on some blogs, and I’m fine with that because anger is always the response when you try to break through denial, especially mass denial. […]

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A Review of “The Big Short”, The Movie

Posted December 27, 2015 By David Haggith

[The following review is by Jim Quinn of The Burning Platform. I came across it after writing an article about American greed. I thought it makes an excellent companion piece to that article because the themes depicted in the movie and described here are the themes I was writing about.]   The Big Short opens nationwide […]

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Has there ever been a more selfish generation?

Posted December 26, 2015 By David Haggith
By Guy Sie (Flickr: Seven Deadly Sins - Greed) [CC BY-SA 2.0 (http://creativecommons.org/licenses/by-sa/2.0)], via Wikimedia Commons

It’s a good question to ask on the day after Christmas, when we have all used our credit cards to buy gifts for others. In spite of this seasonal gift buying, I think there has never been a more selfish generation. (Regular readers of this blog are excepted because you wouldn’t be reading this contrarian blog if you were […]

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Epocalypse Now: The Economic Apocalypse is Here

Posted December 21, 2015 By David Haggith
From an epocalypse of another time By Dorothea Lange, Farm Security Administration / Office of War Information / Office of Emergency Management / Resettlement Administration [Public domain], via Wikimedia Commons

When I predicted the economic apocalypse would begin for the US this month, I said the stock market would rise euphorically after the Fed raised its interest target. Rise it did. Steeply, too. I also said it would fall shortly after. Fall it did. Quickly, too. Now I’m saying the Epocalypse is here. Just as I stated that “the […]

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Epocalypse When? When markets crash upward.

Posted December 17, 2015 By David Haggith
By Neuroxic (Own work) [CC BY 4.0 (http://creativecommons.org/licenses/by/4.0)], via Wikimedia Commons

The Fed’s rise in rates has turned my counterintuitive predictions true by resulting in a rapid rise in the stock market. Trading only had about an hour and half left after the Fed put out its word; so, the Dow only rose about 200 points. I wouldn’t be surprised to see the euphoria kick in full force today and push the […]

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The Epocalypse: What Will D-Day Look Like?

Posted December 15, 2015 By David Haggith
By Marcosleal (Own work) [CC BY-SA 3.0 (http://creativecommons.org/licenses/by-sa/3.0)], via Wikimedia Commons

D-day, December 16, 2015. It’s now the dawn of that day when either the Fed Does or the Fed Doesn’t. It doesn’t matter. Either way, the economic apocalypse begins. Let me share something counter-intuitive. Whether the Fed raises interest rates or not, this Wednesday is D-day for the Fed’s economic recovery because the Fed is Damned if […]

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Epocalypse Soon: The Great Economic Collapse is Happening

Posted December 10, 2015 By David Haggith

I use the term “epocalypse” to name the last days of the global economy as we know it — a global economic collapse of biblical proportion. It is economic, epochal, an apocalypse that will change the world and a collapse … all in one word that sounds the right size for what I’m talking about. Call it the “Great Collapse” or […]

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Epocalypse Soon: The Second Coming of the Great Recession is Near

Posted December 3, 2015 By David Haggith
By Enola Gay Tail Gunner S/Sgt. George R. (Bob) Caron (SElephant at zh.wikipedia) [Public domain], from Wikimedia Commons

It was the second nuclear explosion, not the first, that ended World War II; and so it will be with the nuclear-sized economic disaster that first struck the earth in 2008. The second strike will be more calamitous and have greater consequence than the first, and that nuclear bomb is about to go off with a relatively […]

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