You may be worried my prediction that a recession will start sometime this summer is not looking too good. So was I after first-quarter corporate earnings started coming in better than what economists expected. Except that barely “beating expectations” is kind of pathetic when expectations are dumbed down as far as they were.
Archive for April, 2019
US GDP Not All it was Cracked up to be
Posted April 28, 2019 By David Haggith3M Crash May be the Shape of Things to Come
Posted April 25, 2019 By David HaggithShares of 3M Co. plummeted toward its biggest one-day decline in over 30 years, after the industrial, health-care and consumer products company reported missed profit and revenue expectations, slashed its full-year outlook, and said it was cutting 2,000 jobs…. The percentage decline was second only to the 26% plunge on Oct. 19, 1987. That is […]
List of 24 Points Pressing Hard toward Recession
Posted April 19, 2019 By David HaggithThe US stock market is slightly overbought (which is not a positive in terms of head room for more of a rally). It’s massively built up on debt that is now more expensive to maintain and/or obtain. The Fed is still rapidly tightening money supply and says it will continue to do so for several […]
Here is How Far Central Bankers Got in Normalizing before the Everything Crash Began
Posted April 13, 2019 By David HaggithYes, this is as far as they got, as far as true normalization ever will go. Central banks are more done than you might imagine they would ever admit! Yet, admit they do … in a major way. Powell gave big hints in his latest speech of what the “new normal” will have to be. […]
Teasing out the Fed’s Big Plan for our Future
Posted April 12, 2019 By David HaggithWe live in a time of intense scrutiny and declining trust in public institutions around the world. At the Fed, we are committed to working hard to build and sustain the public’s trust. The Fed has special responsibilities in this regard. Our monetary policy independence allows us to serve the public without regard to short-term […]
Tick, Tick, Talk, 2019 Recession Coming
Posted April 5, 2019 By David HaggithThe 2018 stock market crash is now a fait accompli, having taken a polar bear plunge that put ice in the veins of the Fed and electrified their collective spine with such a deep chill they ran like a fat walrus from the bear market to halt their long-nurtured plans of economic tightening. With that […]
One Big Tip for Huge Economic Growth
Posted April 3, 2019 By David HaggithThe Fed’s surprise pivot away from any interest rate increases this year has boosted prices of stocks, high yield bonds and other risky assets in spite of nagging investor concerns about slowing global economic growth….. The quandary for the Fed is that easy monetary policy seems more effective in spurring asset values than it does in boosting […]
The Two Stooges of Finance: Larry and Moore
Posted April 1, 2019 By David HaggithLaughable Larry Kudlow, as high priest of the Laffer Curve, has long been servant of “King Dollar,” as Larry has often reverently referred to US currency. The Laffer Curve is the central creed of trickle-down economics. It’s a bell-curve that demonstrates how lowering tax rates actually increases tax revenue to a certain point by stimulating […]