Archive for March, 2016

Where Oh Where Has the Rally Gone?

Posted March 29, 2016 By David Haggith

Last week began the blackout period for companies buying back their own shares, as we are nearing the end of a quarter, when stock buybacks are put on hold. It also began the bust of the stock market’s recent rally. If you followed my last article, you’d see that this is exactly what I expected

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Similarity in Stock Market Charts for 1929, 2008, 2016 May Show This is the Epocalypse

Posted March 22, 2016 By David Haggith
Is the US stock market going to crash in 2017? [By Philip Timms [Public domain], via Wikimedia Commons]

Compare the Great Depression to the Great Recession, and you’ll see a similar pattern in how the Dow Jones Industrial Average graphs out. That pattern appears to be repeating now. The nation’s most notorious stock market crash in 1929 did not occur as a single fall off a cliff, but started with high points that rounded downward as […]

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Were My 2016 Economic Predictions of Epocalypse Wrong?

Posted March 18, 2016 By David Haggith
By Randy Robertson [CC BY 2.0 (http://creativecommons.org/licenses/by/2.0)], via Wikimedia Commons

It appears one of my most boisterous predictions last year could be about to fail (and right at the point where it looked like a success in every detail). The current stock market rally and rise in oil prices appear to contradict my big prediction of a stock market crash that would start in December. I bet my blog on that […]

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The Perfect Storm in Oil Prices Will Hit in the Ides of March

Posted March 6, 2016 By David Haggith
By Tech. Sgt. David McLeod (Defenseimagery.mil, VIRIN DF-ST-92-09166) [Public domain], via Wikimedia Commons

While some business / economic publications, like NewsMax are saying that, “Oil is pulling away from the market’s biggest storm in seven years,” I say, “Don’t believe it.” Not for one second. The real storm begins near the middle of March.

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  • Knave_Dave posted on March 24, 2016
    UPDATE: From ZeroHedge: "What was even more entertaining, is that the so-called "production freeze" came at a time when both…
  • Knave_Dave posted on March 18, 2016
    Dear King and Dave, I've published a full response just for you here: http://thegreatrecession.info/blog/economic-predictions-of-epocalypse/ Taking note of where I am…
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13 Black swans swirling above the US economy

Posted March 3, 2016 By David Haggith

The black swans are circling like vultures now. Dark economic events seem to be flying in out of nowhere for those who have vision to see them. Even dovish New York Fed President William Dudley, who cannot tell the difference between money and hot air, sees a lot of black in the skies now and says that he […]

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Sheen on the Oil Slick Getting Darker

Posted March 1, 2016 By David Haggith

Last week, I wrote that the day would come soon when oil prices would take another nasty dive because there is nowhere left to store oil, causing the spot price for immediately delivery to dive toward the zero bound. This week we see how close that day is as oil continues to be oversupplied by […]

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