The Federal Reserve is now hacking its own zombie recovery to death and eating it by reversing the actions it employed to create this artificially supported recovery. Each time the Fed unwinds its balance sheet, 10-year bond rates recoil, and the stock market dances along in countermoves and wild swings. The main theme of my […]
Archive for February, 2018
As a Matter of INTEREST, Talk of Inflation Fear, the Fed’s Perfect Unwind, Concern about Wages is ALL Economic Denial
Posted February 28, 2018 By David HaggithStock Market’s Massive Moves Not Seen Since Great Recession: Many who didn’t see the bubble bursting have fallen
Posted February 11, 2018 By David HaggithTalk about the market busting a move … and a lot of people! In less than half a month, the Trump Rally lost a third of the height it had developed over a period of sixteen months — the worst two-week drop since February 2009. (The market’s moves are so extreme by many measures that […]
Epochal Stock Market Flash Crash Reconnects Stocks and Bonds, Portends End of Fake Recovery
Posted February 6, 2018 By David HaggithIt took sixteen months to build the exceptionally steep Trump Rally, and just one week to eliminate a quarter of it. While I wouldn’t call that jolting reversal a stock-market crash in the ordinary sense, the largest one-day point fall in the history of the market (by far) certainly marks a massive change in market conditions. […]
Grandma Yellen Pats Markets on the Head and Sends them off to Bed … with a Warm Glass of Poison
Posted February 3, 2018 By David HaggithThe sweet grande dame of the central bankster world sees nothing but the brightest future to the furthest horizons for the markets she has been nurturing with her benevolent “wealth effect,” as one of her close colleagues called it. While Grandpa Greenspan routinely warns now that stock and bond markets are in bubbles, Grandma Yellen […]
Groundhog Day Drives Stock Market 666 Points Below Ground: What that says about the frosty season ahead
Posted February 2, 2018 By David HaggithI’m pretty sure the nation’s favorite groundhog, Punxsutawney Phil, knows more about the weather than he does about markets, and I’m not all that sure he knows anything about the weather! In fact, I don’t understand the underground methods of this rodent resident of Gobbler’s Knob at all. It would seem to me that sighting […]