Archive for February, 2021

The Coming Inflation Conflagration

Posted February 23, 2021 By David Haggith
By Vmenkov (Own work) [CC BY-SA 3.0 (http://creativecommons.org/licenses/by-sa/3.0) or GFDL (http://www.gnu.org/copyleft/fdl.html)], via Wikimedia Commons

As I noted in an earlier Patron Post we are entering the first period since I began writing this blog years ago when I am actually concerned about inflation blowing up. In my last article about all the variables creating insanity in the housing market, I noted that inflation (or expectation of it) has started […]

Be the first to comment
Filed in Premium Posts | Tagged: , , ,

One Man’s Devastating Conclusion

Posted February 21, 2021 By David Haggith
Dorothea Lange [Public domain], via Wikimedia Commons

I want you to read one average person’s year-end description of the changes in our socio-economic landscape we experienced in 2020 because his words build toward a devastating realization at the end: The movement back to the farm has grown stronger … until today it is almost an exodus from the city to the farm…. […]

Be the first to comment
Filed in Uncategorized | Tagged:

With 2020 Hindsight, Where Does Housing Go from Here?

Posted February 19, 2021 By David Haggith
By FEMA News Photo (This image is from the FEMA Photo Library.) [Public domain], via Wikimedia Commons

Things couldn’t be worse if you’re in the market for a house, except that they can be and probably will be. As it stands, you can probably buy this photographed “cosmetic” fixer for half a million if it’s in a modest neighborhood or a large city that everyone is fleeing. Housing prices rocketed to the […]

Be the first to comment
Filed in Uncategorized | Tagged: , ,

Even Moron Market Mania

Posted February 14, 2021 By David Haggith
By Germán Torreblanca (Own work) [CC BY-SA 4.0 (https://creativecommons.org/licenses/by-sa/4.0)], via Wikimedia Commons

Couldn’t resist the pun after last week’s article “More on Market Mania” as it just keeps getting more ridiculous. Here for Patrons only is more on the market’s maniacal climb. Speculative Mania Goes “Up In Smoke” This past week was quite interesting as the “Reddit WallStreetBets” bunch turned their sites away from Gamestop to “Cannabis.” […]

Be the first to comment
Filed in Premium Posts | Tagged: ,

More on the Market’s Mania

Posted February 11, 2021 By David Haggith
Celebrate because the Epocalypse is here!

Just a collection of market miscellaneous that continues to demonstrate how out-of-whack this market is with all reality. BofA notes that “we have already eclipsed the prior record in equity issuance from the dot-com bubble and we note that after the last two peaks, S&P 500 PE multiples dropped….” At the same time, for the past […]

Be the first to comment
Filed in Uncategorized

QAnon and on and on

Posted February 9, 2021 By David Haggith
Donald Trump suggests disinfectant injection or UV light therapy for coronavirus

Now that Trump did not root out the deep state — now that many formerly faithful QAnon believers think Trump got swamped by the swamp he claimed he would drain — some adherents are emerging from the cloaking air of Foggy Bottom to see a little light. The hole was deep and fully absorbed many […]

Be the first to comment
Filed in Premium Posts | Tagged:

It was Easier to Believe President Donald was a Duck than a Quack

Posted February 8, 2021 By David Haggith
How's that swamp drainage project going?

How the QAnon conspiracy theory attracted millions of followers, many of whom were willing to drink the Kool Aid and die for their beliefs, will always be for me one of the modern marvels of mankind. Somehow it was easier and more logical for millions of people who needed hope to believe Bill and Hillary […]

Be the first to comment
Filed in Uncategorized | Tagged:

My Turn to Turn or Turn In

Posted February 7, 2021 By David Haggith

Two years ago when I was weary of writing about the economy for nothing, I said I would only continue to write on this subject if I could achieve, at least, $500 in monthly support. (Prior to that I never asked for support and gave away my thoughts for years to anyone who would listen.) […]

Be the first to comment
Filed in Uncategorized

Big Game Hunters Become the Game Then Outgame the New Gamers

Posted February 7, 2021 By David Haggith
By A. Burnham Shute (Moby-Dick edition - C. H. Simonds Co) [Public domain], via Wikimedia Commons

The youthful gamers have taken control, and that raises the question, “Who is the game now? Who is stalking whom?” Last week, a large number of small-time investors drove up the price of GameStop’s (GME) stock a historic 1,784 percent. But this was no mere spike in some obscure stock. The stock’s price spiked in […]

Be the first to comment
Filed in Premium Posts

DON’T-STOP GAME STOCKS: Bankrupt Companies As Trillion-Dollar Chips in the Wall Street Casino

Posted February 6, 2021 By David Haggith
Elon Musk Portrait Painting Collage by Danor Shtruzman (https://creativecommons.org/licenses/by-sa/4.0)

The faint heartbeat of this week’s jobs report did not keep the stock market from trying to scramble back up to its record heights. The surging and plunging and scrambling for cash and closing of gates at Robinhood did not stop the rise either. Robinhood became a broken arrow Let’s just say market mania rose […]

Be the first to comment
Filed in Uncategorized | Tagged: