It’s simple math — an equal and opposite reaction. After a long spell of QE took mortgage interest down to the lowest it has ever been, a long spell of QT (quantitative tightening) is going to take it back up again. That’s why I forecasted another housing collapse with confidence last year: Rising mortgage rates will […]
Archive for May, 2018
Death of the Great Recovery Part 3: Housing Collapse 2.0 Has Begun
Posted May 29, 2018 By David HaggithThe Global Economic Tide is Quickly Receding
Posted May 19, 2018 By David HaggithThe global economy is now stranded as the central-bank tide runs out. By the end of this year, the collective monetary inflow from all the central banks of the world, which rose to a high-water mark of $2-trillion per year, will have ebbed to zero. After that, it runs net negative for years to come. […]
Death of the Great Recovery Part 2: The Second Coming of Carmageddon
Posted May 5, 2018 By David HaggithLike the disintegration of the formerly charmed stock market, the return of Carmageddon is right on schedule. I had stated early last year that one of the first cracks in our economy to become evident would be the crash of the car industry. That crack materialized as promised, but then Hurricanes Harvey and Irma showed […]
Stocks Perfectly Poised to Plummet Past Point of No Return
Posted May 2, 2018 By David HaggithWe are now well into the year when I said stocks would plunge in January and would prove to be a gaping “crack” in the economy by summer, and look at how seriously the market has fallen apart since it started to drop in the last week of January: It was just three months […]