First I said I believed the US stock market would plunge in January, but I also said that January would not be the biggest drop, but just the first plunge that begins a global economic collapse: the big trouble for the economy and the stock market, I said, would show up in “early summer.” That’s when the […]
Archive for June, 2018
Epocalypse Ahead on Highway to Hell for Global Economy and US Stock Market
Posted June 29, 2018 By David HaggithTrump Tax-Cut Bonuses are a Bust for Middle Class Workers, Wages Lie in a Wasteland of Failed Promises
Posted June 25, 2018 By David HaggithNo, the Trump tax breaks for major corporations are not going to bonuses and wage increases. Sure we’ve seen some token $1,000 bonuses go out to laborers with hyuge orchestrated fanfare. The stint of articles you saw all over the media earlier in the year about those bonuses originated from an organized PR campaign run by […]
Return of the Euro Crisis: Italy Quakes, Rest of the World Shakes and Merkel’s Empire Breaks
Posted June 7, 2018 By David HaggithEurope’s many fault lines are spreading once again, bringing the endless euro crisis saga back in 3-D realism. Italy gained a new anti-establishment government last week, even as Spain elected a new Socialista government that could crack Catalonia off from the rest of Spain. All of Europe fell under Trumpian trade-war sanctions and threatened their own retaliation. […]