Archive for October, 2017

Federal Reserve Hesitates on QE Unwind / Balance Sheet Reduction

Posted October 28, 2017 By David Haggith
Federal Reserve balance sheet reduction not happening yet even as the Fed applauds its own success

Is the Federal Reserve’s Great Unwind already coming unwound? I thought it would be good to check up on Federal Reserve balance sheet reduction since the Fed is supposed to be up and running on the move out of quantitative easing this month. It should be fascinating to see what progress the Fed is making […]

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Here’s You and Here’s the Top Ten Percent

Posted October 24, 2017 By David Haggith
Family Net Worth graph of change from 2007 to 2017

In a nutshell, here is a graph that summarizes everything you need to know about the unsustainable US economy. Unless you’re in the top ten percent of income producers in the nation — or, at least, living in their neighborhood — you are living in a dingy bedroom economy that has only seen its net […]

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Yawning Debt Trap Proves the Great Recession is Still On

Posted October 23, 2017 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.

While David Stockman stated early this year with resolute certainty that the debt ceiling debate would blow congress up and send the nation reeling over the financial precipice, I avoided jumping on the debt-ceiling bandwagon. While I was convinced major rifts in the economy would start to show up in the summer, I was not […]

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Nuclear Stupidity: Tillerson Says Diplomacy Continues Till First Bomb Drops

Posted October 15, 2017 By David Haggith
North Korean Missile Tests

Secretary of State Rex Tillerson says President Donald Trump wants him to push forward on diplomacy with North Korea “until the first bomb drops.” (Bloomberg)   Brilliant! That means until the first entire city is destroyed. At least, that is what it could easily prove to mean … unless he means until the US drops […]

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US Stock Market Whistles Past the Graveyard

Posted October 9, 2017 By David Haggith
Zombie economists create US 20116 recession

It was a summer fit for the start of the Epocalypse followed by a fall where every event leans into Halloween. Summer began with a total solar eclipse that cast a long shadow across the nation from sea to shining sea, and fall began with hurricanes, mass bloodshed and fire. And through it all, the stock […]

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I Know What the Economy Did Last Summer Part 2: The Real Estate Rollover

Posted October 7, 2017 By David Haggith
A housing market crash in 2018 is where we start 2019

In fact, I knew what the economy did last summer before summer even began. Since the beginning of the year, I have been writing that it appeared housing was reaching a new bubblicious peak and that the real estate market was getting ready to roll over. Just before the start of the summer, I confirmed that […]

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I Know What the Economy Did Last Summer Part 1 : Carmageddon and the Retail Apocalypse

Posted October 2, 2017 By David Haggith
2017 Economic Forecast is looking like the mother of all storms

Summer closed in a whirlwind of weather chaos for the United States and its territories. At the start of the summer, the US economy began to show signs that it was flying apart. The two most obvious were the big blowouts in the auto industry and in retail

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