Archive for February, 2016

The US Oil Slick is Getting Wider: Oil Boom Going Bust

Posted February 25, 2016 By David Haggith

Only about a week ago, one reader scoffed at me because oil prices had stabilized (or so the market theory d’jour went). The big stock market crash I had predicted had run its course, he thought. The Saudis and Russia had entered a deal on oil, and Iran was coming on board; the stock market […]

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Top-10 Conspiracy Theories about Death of Supreme Court Justice Antonin Scalia

Posted February 20, 2016 By David Haggith
By DonkeyHotey [CC BY 2.0 (http://creativecommons.org/licenses/by/2.0)], via Wikimedia Commons

Conspiracy theories about the death of Supreme Court Justice Antonin Scalia already abound, thanks to the underwhelming laziness of Judge Cinderela Guevara. Though the death scene seems to tell a more sanguine tale than the theories, the match lit the tinder thanks to Judgerela refusing an autopsy, Scalia’s body being transported quickly to the flames, the lack of Judge Scalia’s […]

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Supreme Court Justice Antonin Scalia Died of “Natural Causes”

Posted February 20, 2016 By David Haggith
By Collection of the Supreme Court of the United States [Public domain], via Wikimedia Commons

Thanks to fairy-tale Judge Cinderela Guevara from Presidio County, Texas, the death of Supreme Court Justice Antonin Scalia is ripe for the growth of conspiracy theories. In fact, it doesn’t get much better than this. Judge Cinderela must seriously go down in history as the laziest public official ever to have lived on the Texas subcontinent.

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Leave it to Larry Summers, Killer of Kash

Posted February 16, 2016 By David Haggith

The electronic pixels had not even solidified on my last article about how the tide is turning against cash when Zero Hedge commented on an op-ed by Larry Summers, who has not surprisingly joined the Kill-Kash Kampaign. Summers — once-upon-a-time chief economist of the World Bank, 71st Secretary of the US Treasury, 27th president of Harvard University (tossed on his […]

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Inside the Black Hole of Negative Interest Rates

Posted February 15, 2016 By David Haggith
We enter the black hole of QE4ever. By Urbane Legend (optimised for web use by Alain r) (en:Image:BlackHole_Lensing_2.gif) [GFDL (http://www.gnu.org/copyleft/fdl.html) or CC-BY-SA-3.0 (http://creativecommons.org/licenses/by-sa/3.0/)], via Wikimedia Commons

Many nations that experimented with the Fed’s economic recovery plan are now going beyond the outer limits into the twilight zone of negative interest rates. Some of these nations continued to skirt in and out of the edge of recession throughout their years of economic stimulus; so, now they’ve powered their programs into hyperdrive to see if they can escape […]

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Hell Week for the Global Economy Gives Signs of Things to Come

Posted February 12, 2016 By David Haggith
Euro crisis like a volcanic eruption

The developing Epocalypse will become the super-volcano of economic history, and this week revealed cracks in the surface that give hints of the eruption to come. It was a week of crumbling throughout global stock markets that has challenged records. Thursday, Hong Kong stocks suffered their worst start of a Chinese New Year since 1994 in […]

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Entering the Belly of the Epocalypse

Posted February 8, 2016 By David Haggith
William Blake [Public domain], via Wikimedia Commons

Only a couple of weeks ago, I said we were entering the jaws of the Epocalypse. Now we are sliding rapidly down the great beast’s throat toward its cavernous belly. The biggest economic collapse the world has ever seen is consuming everything — all commodities, all industries, all national economies, all monetary systems, and eventually all peace and […]

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Federal Reserve Economic Stimulus Plan Goes Negative!

Posted February 6, 2016 By David Haggith
Central banks are cause of inverted yield curve recessions

The Federal Reserve economic stimulus plan is edging toward the Twilight Zone now that the Fed sees its recovery about to be eaten by an economic apocalypse greater than its imagination could conceive. Though many think of central bankers as stogy and uncreative, the Fed has been quite creative when it comes to massive economic ideas that […]

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Audio Interviews – A quick note to regular readers

Posted February 6, 2016 By David Haggith

I just want to make a note here that I have started adding links to audio interviews that I’ve been doing in the left sidebar. I mention it because the sidebar doesn’t change much, so regular readers might not have noticed.  

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Irrational Exuberance in Stock Market Knows No Bounds

Posted February 1, 2016 By David Haggith

January was the winter of our discontented stock market. It was the worst January since 2008, when the Great Recession began. It was, in fact, the worst January in the history of the New York Stock Exchange. According to Citigroup, Inc., it was also the worst January ever for credit markets. A financial professor at NYU agrees with […]

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