Archive for March, 2020

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Big Bond Bubble Begins to Blow!

Posted March 16, 2020 By David Haggith
Édouard Riou [Public domain], via Wikimedia Commons

The bust is on! Not only is the stock market crashing like never seen before (Dow down 3,000 points today!), but there are now deeply distressing breaks in the bond market. These staggering responses to Fed actions run counter to what is expected; but people are so focused on stocks, the are missing the more […]

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The Big Trump Dump! Dow Down 3,000 Points!

Posted March 16, 2020 By David Haggith
Daily economic news

Today’s crash wiped out almost the entire Trump Rally, going back to the day “The Donald” was elected President of the United States. The stock crash, rolling through our days like late-summer thunder, is a daily headline now, each day unimaginably worse than the record day before!

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Did Trump Trade Wars Just Escalate to Germ Warfare?

Posted March 13, 2020 By David Haggith
Wars and Rumors of Wars Title Photo - US Navy Jets against background of storm clouds

Europeans are feeling like President Trump just dropped a COVID-19 economic bomb on the European Union. In response to his March 11th talk from the Oval Office, EU leaders said they did not see this coming. Was this a COVERT economic attack on the EU as some in the EU think?

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FuBEAR! Stocks Crash into Bear Market Faster than 1929!

Posted March 11, 2020 By David Haggith
The bear is back

The bear roared today, ripping the ears off everyone, as the Dow and Russel 2000 both landed more than 20% below their last peak. Their 19-session rampage landed a record as the, steepest, fastest downhill bear run in the history of the US stock market.

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Dow Crashes 2,000 Points in Record Day! The Bear is at the Door.

Posted March 9, 2020 By David Haggith

Today was the greatest crash in Wall Street history by one measure, and took down many other milestones. The Dow plunged 2,012 points in its largest single-session drop on record! Percentage-wise it was down 7.8%, which still knocked out decades of lows, leading to “Black Monday” being the hot search term on Google today as […]

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What Will the Fed Do, Part Two

Posted March 9, 2020 By David Haggith
Central banks are cause of inverted yield curve recessions

That didn’t take long! After posting yesterday that the Fed would try to save the stock market with more rate cuts and more QE that wouldn’t work, the Fed overnight seriously upped the amperage on its QE repos. And it didn’t work spectacularly! That is to say, it was a total face plant in terms […]

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What Will the Fed Do Now? Part One

Posted March 8, 2020 By David Haggith
Central banks are cause of inverted yield curve recessions

It’s urgent time to pull together all the background layed about central banks and their plans for the future from the Patron Posts of the last year and put that together with the situation the Fed is in now based on articles written most recently from central bankers about what the Fed should do.

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WHO Raises Death Rate and Risk of Coronavirus; One Expert Declares “WWII!”

Posted March 7, 2020 By David Haggith
Coronavirus (COVID-19) World Outbreak Map

The World Health Organization now says the death rate of the new coronavirus is significantly higher than influenza, though much lower than earlier epidemics that had far less socio-economic impact, such as SARS, MERS, and Ebola.

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Pandemic Pandemania Causes Global Economic Crisis

Posted March 7, 2020 By David Haggith
billboard saying "Will the last person leaving seattle turn out the lights?"

Back in the oil-embargo recession of the early 70s when Boeing was Seattle’s economy and was laying off thousands of Seattleites, a billboard on the edge of town by Sea-Tac Airport read, “Will the last person leaving Seattle turn the lights out?” (Boeing had gone from 100,800 employees in 1967 to 38,690 in 1971.)

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Stock Market Overmedicated on FedMed, Patient Goes into Cardiac Arrest

Posted March 3, 2020 By David Haggith

The Federal Reserve on Tuesday gave the market a double-dose of exactly what it thought the market needed, and the market just about died! On the theory that, if a little is good, more is better, the Fed gave a double cut of interest. It did not go as planned.

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Notice re: Disqus and Next Patron Post

Posted March 3, 2020 By David Haggith

I think I have resolved Tuesday’s Disqus problems so readers can respond to articles and so I can respond to readers. I’m also working on my next Patron Post, which was already going to look at where the Federal Reserve goes from here. That has become especially appropriate since Tuesday’s big rate cut had the […]

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The Economy was Already in the Toilet before COVID-19 Flushed it

Posted March 1, 2020 By David Haggith

The economy was already heaving in the toilet before COVID-19 dropped the lid on its head and sat on it. Sales, revenue, real earnings, manufacturing, and finally the services industry had all puked. Last week, stocks got the Great Flush as the market went down with the economy.

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