The Great Recession never ended. I say that because the deep economic flaws that caused it were never corrected. All recovery efforts since merely clouded our eyes to the problems growing larger around us, even making them worse, and now we are going back into the belly of the Great Recession.
Archive for September, 2019
The Beginning of the End: Great Recession 2.0 is Obscured but Here!
Posted September 30, 2019 By David HaggithWHAT IF Trump Really is Playing 4-D Chess, and the Ukraine Krisis is the Biggest Baddest Political Trap Ever Set?
Posted September 28, 2019 By David HaggithConspiracy theories are like crime novels. You can create an infinite number of them, and all they require is a plausible plot built from real facts with enough twists to keep them interesting. That’s why I don’t spend my time trying to discern if any of them are true — though some may be — […]
Sailing Through a Global Storm Without Enough Hot Air
Posted September 25, 2019 By David HaggithAs noted in my last article, “Fed Loses Control of its Benchmark Interest,” bank liquidity strains are written all over this month’s troubles. Some may find that hard to believe because there is so much hot air (fiat money) still floating the system from a historical standpoint. There is a sound fundamental reason, however, that […]
DIGITAL CURRENCY: Who Needs Central Bank Conspiracy Theories when Central Banksters Speak this Openly?
Posted September 24, 2019 By David HaggithCentral-banker talk about centrally controlling the entire world’s finances is now so open, you can take the words “conspiracy” and “theory” right out of the discussion and just talk about “public planning.” Public acceptance is broad and trusting enough that the bankers have no need to hide their plans. I’ve been parsing their words this […]
Fed Loses Control of its Benchmark Interest: Repo Rates through the Roof!
Posted September 21, 2019 By David HaggithWell, that didn’t take long! Four days ago, I stated the following in an article titled “Why are Bonds Going for Broke?“: Central banks are losing control, and are admitting they don’t even understand what is happening.
BOND PRIMER: How the Fed’s Machinery Works
Posted September 21, 2019 By David Haggith[This article attempts to provide an understanding of how the Fed governs interest rates (particularly via repos). If you understand it already, skip it; if you don’t, you may need it to understand the next article.] The Federal Reserve’s primary Machinery — the overnight interest rates between banks — broke down this past week. That […]
Why are Bonds Going for Broke?
Posted September 15, 2019 By David HaggithOne argument for last week’s extraordinary plunge in bond prices, which I explored as something that might happen this time of year in one of my earlier Premium Posts, was that bond prices could get crushed by the supersized US treasury auctions planned for September and October as the government makes up for its inability […]
Central Bankers Now Plotting Government Subversion?
Posted September 11, 2019 By David HaggithTwo weeks ago a former Federal Reserve board member and bank president, William Dudley, wrote an editorial that encouraged the Fed use its powers to defeat Donald Trump’s second bid for the US presidency. I don’t recall choosing presidents as being listed in the Fed’s two mandates — controlling inflation while maximizing employment. For an […]