My last Patron Post pulls together a couple of major revelations by piecing together a report from the Bank for International Settlements, a couple of fascinating exposès by Zero Hedge, and a recent document from the Federal Reserve Bank of New York to reveal the actual close call with catastrophic failure that lay deep at […]
Archive for January, 2020
The Big Reveal
Posted January 26, 2020 By David HaggithFed Fights Catastrophic Financial Collapse
Posted January 22, 2020 By David HaggithLet us begin with an overview of the past season’s dramatic financial interventions in pictures. First, here is a picture of global central bank interest-rate cuts and interest-rate hikes over the past decade. As you can see, the masterminds of master finance are currently cutting interest like there is no tomorrow … as though, without […]
Stock Market More Overpriced and Perilous Than Anytime in History
Posted January 18, 2020 By David HaggithI’m not going to predict when and how the US stock market will crash as I did by laying out the stages of its fall for 2018. That was easy, but the times are different now. Back then, the Fed had laid out a precise schedule for its tightening, and it was apparent to me […]
Where Did the Housing Market Go, and Where is it Going Next? My first 2020 Economic Prediction
Posted January 17, 2020 By David HaggithSince hindsight is 2020, I thought it might be useful now that we are far past the time in 2018 when I called the fall of the US housing market to assess where its journey went during the year and a half that has gone by before I venture a housing market prediction for 2020.
Lunatic Larry Promises Trump Candyland for Election Year
Posted January 17, 2020 By David HaggithNational Economic Council Director Larry Kudlow, a top economic adviser to President Donald Trump, said Wednesday that the White House plans to unveil a plan for additional tax cuts later in 2020. “I am still running a process of Tax Cuts 2.0. We’re many months away – it’ll come out sometime later during the campaign,†[…]
The Tick, Tick, Talk of Recession Drones On
Posted January 2, 2020 By David HaggithWith stocks priced at record highs far above the economic landscape and still rising, the economy is still receding below. We’ll know at the end of January if the fourth quarter of 2019 was the worst of the past year, as I expect it will be. For now, we have to keep looking at numerous […]