Economic Predictions Archive

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Down, Down, Down in a Burning Ring of Fire

Posted September 30, 2022 By David Haggith
Plane made of burning dollar bills symbolizes price inflation and the Fed moving to digital currency

The Dow plunged 686 points midday on Thursday and closed down 458, wiping out a large relief rally from the day before, and it went down for the key reason I laid out for understanding why the Fed will over-tighten and drive the economy into an extremely deep recession. A batch of economic data that […]

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The Train Wreck is Already Happening

Posted September 21, 2022 By David Haggith
By Photo credited to the firm Levy & fils by this site. (It is credited to a photographer "Kuhn" by another publisher [1].) (the source was not disclosed by its uploader.) [Public domain], via Wikimedia Commons

Today the market paid back some of its delusional holdings. It has a lot more left to pay back. You see, the market believed the Fed all of last year when the Fed said inflation was transitory. Or, at least, market leaders sold the Fed’s narrative, accelerating us into a heck of wreck.

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Protected: Economic Predictions for H2 2022, Conclusion: A Bifurcated World of Woes Awaits

Posted September 16, 2022 By David Haggith
By Germán Torreblanca (Own work) [CC BY-SA 4.0 (https://creativecommons.org/licenses/by-sa/4.0)], via Wikimedia Commons

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Economic Predictions for H2 2022, Part 5: The Everything Bubble Bursts into Pieces

Posted September 7, 2022 By David Haggith

To many economists, saying we are going into an economic crash would be a prediction because over eighty percent of economists do not believe we are even in a recession right now, much less a total economic collapse. To me, on the other hand, saying we’re entering an economic collapse is not a prediction at […]

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Economic Predictions for H2 2022, Part 4: Zombies in Bondage and Their Broken Banksters

Posted August 19, 2022 By David Haggith

It all goes down in the same heap of rubble — zombie corporations and the junk bonds that are their sole life support and, piled on top, some of the banksters that funded them. Like a zombie apocalypse, it spreads around the world, taking out the weakest first but then the stronger players as the […]

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Welcome to the World of Bankster Magic Where We Shall Have “Weather Followed by More of the Same Unless it Changes.”

Posted August 15, 2022 By David Haggith
Perfect storm for 2019 recession

At the start of the year he said we were entering the “strongest economy” he had ever seen. Then he said he saw storm clouds. Then he said his storm-cloud forecast might have been underestimating the calamity coming upon us because we were likely facing an economic “hurricane.” Now we’re back to “storm clouds” and […]

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Protected: Economic Predictions for H2 2022, Part 3: Battle of the New Currency Competitors

Posted August 7, 2022 By David Haggith

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Economic Predictions for H2 2022, Part 2: The Great Currency War for Global Dominance

Posted August 3, 2022 By David Haggith
DonkeyHotey [CC BY 2.0 (https://creativecommons.org/licenses/by/2.0)]

This article is part of series of economic predictions I am making about the remainder of the year. My patrons got the first part of the series. I’m going to make every other part available to all readers as I lay out the trends I see happening in the economic news that I read daily, […]

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Protected: Economic Predictions for H2 2022, Part 1: This is not Your Father’s Inflation

Posted July 31, 2022 By David Haggith
Katelynn & Jordan Hewlett, AP, CC BY-SA 4.0 , via Wikimedia Commons

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REAL GDP SAYS: “Get Real! Trust not the Fed, economists or the president. The REAL economy is collapsing all around you!”

Posted July 28, 2022 By David Haggith
By Lucian.amarii (Jup) [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 reported in my new Daily Doom news section, which I try to update twice daily, real GDP fell even further for a second quarter in a row. While we all know what that means, you can count on the Federal Reserve, the federal government and even economists regularly quoted in the mainstream financial media […]

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It Was Hell Week, and the Fed Can’t Handle the Heat

Posted June 20, 2022 By David Haggith
Daily economic news

Jamie 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 […]

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THE INFLATION MONSTER: It’s Much Worse than we Thought … but Wait until this Little Monster Grows Up!

Posted June 12, 2022 By David Haggith

We 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 […]

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