Archive for July, 2020

How CHAZ Got CHOPped: Seattle Made Itself a Petri Dish of Polluted Liberal Ideas

Posted July 31, 2020 By David Haggith
Ochlo / CC BY-SA (https://creativecommons.org/licenses/by-sa/4.0)

Shootings, stabbings, beatings of bystanders, police officers blinded by lasers, thrown bombs, burned vehicles, and the usual plethora of broken windows, stolen merchandise, obstructed traffic and graffiti. These phrases describe many of the so-called “protests.” All illegal. All unconstitutional. Yet, the Democratic mayors of the cities taken over by such conflagration cheer on the people […]

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COVID Brings New Hope to First-Time Home Buyers

Posted July 24, 2020 By David Haggith

When dinosaurs went extinct, mammals gained opportunity to flourish. Crises for some bring opportunity for others who can adapt to benefit from new environments. I try to enable my readers to position themselves to be the ones who will come out better at the end of this crisis. Future calamity has already been set in […]

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You Could Get Mad as Hell and Just Not Take This Anymore!

Posted July 17, 2020 By David Haggith
Daily economic news to keep you "mad as hell"

It’s time to show you’re Fed up! Get mad as hell! Don’t take this any more! Scorch the earth with your rage! Yell from the rooftops! Stick your head out the window and scream! Fight the economic injustice that serves the rich! Kick political asses, and kick them hard! Don’t just whine, do something about […]

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Goldman’s Stacks of Gold

Posted July 17, 2020 By David Haggith

Goldman Sachs, JPMorgan, and BlackRock Financial Management are stacking up wealth like never before, thanks to the Great Recession 2.0, a.k.a. the Second Great Depression. Yet, the Fed maintains its recovery plans do not create wealth disparity.

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Drumbeats of the Epocalypse: The Economic Death March Has Come to Town!

Posted July 10, 2020 By David Haggith
Photo of breadlines during the Great Depression

The coronavirus pandemic inflicted a “swift and massive shock” that has caused the broadest collapse of the global economy since 1870 despite unprecedented government support, the World Bank said.… “This is a deeply sobering outlook, with the crisis likely to leave long-lasting scars and pose major global challenges,” said World Bank Group Vice President for […]

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Epochalypse Now: How Deep is Your Depression?

Posted July 9, 2020 By David Haggith

We are nearing that mid-point in July when I said we would start to see the news turn from euphoria-inducing reopening positives to depression-developing realism. Speaking of stock-market bulls who are stampeding uphill on the euphoria side, I wrote, Right now the farce is with them — reopening has arrived! And these stupid people will […]

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Death of the Dollar: Economic Collapse Certain

Posted July 7, 2020 By David Haggith
Falling housing prices may cause Housing Market Crash 2.0.

The Fed admits its policies are losing potency, and its efforts now require continual government support as massive as the support provided by the Fed. I maintain that Fed success at propping up stocks now also requires continued belief in a fantasy narrative about a V-shaped economic recovery from the Coronacrisisi. We saw all of […]

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The Great Yield Curve Control Conundrum

Posted July 3, 2020 By David Haggith

In one of my recent Patron Posts, I stated there was virtually no chance the Federal Reserve would be lowering interest rates below the zero bound. In spite of the massive economic damage we’ve seen from the coronavirus shutdown, that has so far remained true. The Fed has continued to say they don’t believe they […]

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