The twaddle that comes out of the White House is deep right now. When our tottering president isn’t out enjoying a bike ride and falling down because Putin put gum in his stirrup so that he couldn’t get his foot out to steady himself, he is assembling a colorful team of Frisco-style professionals highly qualified […]
Archive for June, 2022
America the Beautiful is Broken
Posted June 23, 2022 By David HaggithIt Was Hell Week, and the Fed Can’t Handle the Heat
Posted June 20, 2022 By David HaggithJamie Dimon, CEO of JPMorgan Chase, set last week off with a fitting sour note when it was reported across the financial news, he had updated his weather report for the economy: I said there were storm clouds. But I’m going to change it. It’s a hurricane. Right now it’s kind of sunny, things are […]
S&P Confirms Inflation Killed the Stock Market and Has ALREADY Sent us into Recession
Posted June 14, 2022 By David HaggithWith the S&P diving deeper into bear territory today, it solidly confirmed its status as a bear. While it entered the bear’s woods on Monday by closing at 21.8% down, it shoved its nose deeper into the dirt today like a rooting bear will do to affirm its new identity. The short-lived bull market that […]
THE INFLATION MONSTER: It’s Much Worse than we Thought … but Wait until this Little Monster Grows Up!
Posted June 12, 2022 By David HaggithWe could all be on the cusp of the most deadly inflation the world has ever experienced, due to a unique setup of global forces that have the power to accelerate that into happening in a surprisingly short amount of time. I’m going to tell you how that could happen more quickly than anyone appears […]
Ouch! Hot Inflation Melts Pilot Powell’s Feet to the Pedals
Posted June 10, 2022 By David HaggithBetter strap on your parachute and exit the plane ahead of landing because there is no getting out of a crash landing now that inflation is burning the landing gear off the bottom of the Fed’s plane. Captain “Bring-her-home Jerome” Powell was already trying to land his Federal Airlines 747 at the steepest angle of […]
Two Primary Pointers to Recession are Rapidly Diving Deeper
Posted June 9, 2022 By David HaggithOne who was a solitary voice in claiming the year began in a recession has now been joined by several significant voices claiming the recession is here; it will hit like a hurricane; and it will be deep, long and difficult to get out of….
The Real GDPig was a Whole Lot Uglier than it Looked!
Posted June 5, 2022 By David HaggithThat’s pretty ugly when you consider how ugly GDP looked at a growth rate (adjusted for inflation ) of -1.4%! Then that got kicked in the snout to -1.5%, but that’s not the half of how ugly it really was. What if it really was the first quarter of a covert recession? I am about […]
The Retail Apocalypse was Bloodier than it Looked
Posted June 2, 2022 By David HaggithRetail was a bloody mess! But revenue looked pretty good … considering! So, what was all the red about, and why all the screaming on the stock exchange? Some of the biggest retail stocks got butchered after reporting higher revenue. Hold it! That doesn’t make sense. Why were corporate owners running out of their stores […]