Interestingly, you’re about to find out that the fall in housing prices and home sales may power us further into high inflation for longer. We are entering a situation that could turn into a true oxymoron where lower prices equal higher prices as early as this week at the Fed’s Federal Open Market Committee meeting. […]
Archive for July, 2021
Housing Prices Slide after Housing Sales Fall
Posted July 27, 2021 By David HaggithYou be the Judge of the Truthfulness of my Naysayers
Posted July 25, 2021 By David HaggithWhenever I predict the market is going to crash or (as I recently have) that inflation is going to soar and then it does as I predicted, I get naysayers who claim — with no research to know what they are talking about — that I’m just a broken clock who happens to be right […]
The Great Inflationary Train Wreck is Here
Posted July 19, 2021 By David HaggithI’ve bet my blog on my prediction that inflation will crash both the economy and the stock market, saying I believe with enough conviction that I’ll stop writing on economics if it fails to happen. Why? Because I wouldn’t want to be one of those doom-porn writers who keeps going even after major misses, and […]
Powell Admits in Congressional Testimony Inflation is Hotter and More Concerning than the Fed Expected
Posted July 15, 2021 By David HaggithWhen asked about where inflation is now and how it relates to how high the Fed thought inflation would reach and what the Fed’s targets for inflation really are, Powell made it clear that inflation is running much hotter than the Fed thought it would be and for longer: This is not moderately above 2% […]
Evidence of Inflation’s Inferno is Everywhere, but President Can’t Feel the Heat
Posted July 12, 2021 By David HaggithAs I promised in my last article, I’ll now lay out where inflation has gone since my June update. Because so much inflation has emerged in the last few weeks, I can hardly keep up with the number of ways in which it is soaring and the reasons it will be more persistent than the […]
I am Betting My Blog (Once Again) on My Inflation Predictions Being Right!
Posted July 11, 2021 By David HaggithI’ve said inflation will rise much higher than the Fed believes and will persist much longer and that it will eventually kill the latest stock market bull and the economy. If these inflation predictions prove wrong, I’ll stop writing my blog. Simple as that. That is how firmly I believe what I am saying and […]
Bond Baloney Everywhere! Let me help you digest it.
Posted July 9, 2021 By David HaggithThe bond market is crazy weird right now. Inflation is soaring, and bond yields, which are supposed to price in inflation, are falling through the floor, causing many experts to scratch their heads as they try to figure out what on earth to make of it all:
Fed Tricks Markets with Trillion-Dollar Clandestine Tightening and Keeps Government Vortex Whirling
Posted July 4, 2021 By David HaggithWhile the Fed’s current tightening is not exactly a well-kept secret, stock and bond markets seem willing to ignore what the Fed’s left hand is taking away as the right hand is giving. Reverse repurchase agreements, which I have been tracking here, have exploded to a trillion dollars in money that the Fed is sucking […]