Since this is a long article packed with my predictions (and some near-predictions, so let’s say “high likelihoods”), you will probably want to read it in sections, which you’ll find cover my ongoing predictions about the following topics: To make it easier to get back to where you left off, I’ve made these targeted links […]
Archive for January, 2023
2023 Economic Predictions: The Road Dead Ahead
Posted January 31, 2023 By David Haggith2023 Prediction: The Fed’s Inflation Fight is FAR from over!
Posted January 24, 2023 By David HaggithThe dominant theme for last year, I said way back in 2021, would be that inflation would become such a raging inferno it would force the Fed to tighten harder than anyone expected by rapidly raising interest and erasing money supply, causing stock and bond markets to both crash together (a coinciding set of events […]
Retail Tales Tell a Sad Story about the Economy
Posted January 18, 2023 By David HaggithDecember is supposed to be the month when retails sales flourish. Instead, retail sales came in way below expectations. Retailers were left with warehouses full of overstock, and this situation has been dragging on for about a year now with little sign that it is getting any better.
The Davos Death Knell Has Been Rung
Posted January 17, 2023 By David HaggithA sense of doom pervades the elites who are starting to arrive in Davos early for the big event. Attendance appears as though it may be less than usual. The count of private jets flying into Switzerland is said to be descending because some of the world’s top leaders have decided to avoid the poor photo optics of attending rich feasts during times of famine. Is this the death knell for globalism?
A Long Way to Fall: Stock Market’s Bottom is Hardly Even Within Sight
Posted January 10, 2023 By David HaggithWhen several of the big money-driving voices in financial media and major financial institutions start saying the same thing I am, I start to wonder about myself. Or is it just becoming that obvious now? Some of the biggest names on Wall Street are now saying the stock market is delusional and is headed for a much deeper fall.
While the Fed is Crushing Jobs, I’m Crunching Job Numbers, and They Are a Smashup Mashup!
Posted January 8, 2023 By David HaggithWhat a mess of convoluted reporting and contradictory data we have to sort through as a result of the once-in-a-lifetime economic crisis the Fed’s profligate recovery plans and our crazed Covid lockdowns and other sundry problems have heaped upon us. Very few people understand the gravity of the situation because of the twists involved in […]
It’s Worse Than it Looks: Beneath the Surface the Bottom is Falling Out, and People are Jumping out of Windows
Posted January 6, 2023 By David HaggithSurveying just the news that started this year in The Daily Doom, things look bad for the US economy. Worse still, if you dig beneath the few rosy headlines that did greet the year in lighter tones, the bottom falls out quickly, as it does when stepping out of a high-rise window.