I’ve spent the year in these Patron Posts largely looking at the big action ahead — where are central bankers taking money. I’ve avoided conspiracy theories and looked only at the words of central bankers, themselves, as they speak quite openly now and reveal clearly where banks are heading and what is holding them back. […]
Archive for December, 2019
DIGITAL CURRENCY: Cashless Conclusion
Posted December 31, 2019 By David HaggithTwo Years of Trump Tax Cuts: What did they get us?
Posted December 29, 2019 By David HaggithAfter two years of this third experiment with trickle-down economics via the Trump Tax Cuts, we should have enough data to get an unbiased, factual view of the results. The following is going to be a short-and-sweet stroll down memory lane in pictures.
Dr. Fed Frankenstein Kept Alive by Zombies
Posted December 27, 2019 By David HaggithDid you know Dr. Frankenstein created a monster that stays alive to this day by eating zombies? Neither did the zombies. Neither, apparently, did Dr. Frankenstein. In fact, the zombies, being braindead as zombies are, do not realize that they are also keeping alive the diabolical doctor who made the monster that is eating them.
Repocalypse: The Second Coming
Posted December 23, 2019 By David HaggithThis little monster that feeds beneath the surface of global banking at its core briefly raised one ugly eye out of the water as 2018 turned into 2019. I wrote back then that the interest spike we saw in the kind of overnight interbank lending known as repurchase agreements (repos) was just the foreshock of […]
Truth and Consequences
Posted December 21, 2019 By David HaggithHow can one write about the underlying truth of the economy in a nation where the majority of people do not care about truth? Disregard of truth has become so extreme in the US that we’ve exceeded the queerness of calling a man a woman if he wants to change his body parts. In some […]
Santa, No Longer Tariffied, May Rally for Christmas
Posted December 16, 2019 By David HaggithWell, Santa is, at least, a little less tariffied. As I and many others speculated, Trump has come through with a No-Deal Deal on Chinese trade. The market showed Friday that it is not sure what to make of the No-Deal Deal, except not much. First it rose from its bed and threw up the […]
No-Deal Trade Deal, Not a Done Deal!
Posted December 14, 2019 By David HaggithClear back in June I made the following easy prediction about Trump’s negotiations with the Chinese leader whose face can only be improved by a caricature: The market finally fell in May after months of rising because it started to become clear there will be no Chinese trade deal in the near future. (It was always […]
What Went Up Came Down and Up and Will Come Down Again
Posted December 5, 2019 By David HaggithIt can’t come as any surprise that the stock market’s lofty balloon ride during the past couple of months fell because of a few words this week. It only rode up on sweet tweets by Trump about trade, which created a thermocline for it to ride. So, of course, the market plummeted this week in […]