Economic Predictions Archive

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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Katelynn & Jordan Hewlett, AP, CC BY-SA 4.0 , via Wikimedia Commons

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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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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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Farmers in Great Depression

One 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….

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During the Roaring Twenties would anyone have believed you if you told them about the depression and the dust-bowl years that were soon to come? Would they have believed their celebratory excesses during such a “strong economy” could possibly leave them collapsing into the dustbin of history that followed?

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William Hogarth, CC BY 4.0 , via Wikimedia Commons

Sizzling inflation is not going away as drunken market revelers are hoping. This party bore, in fact, will be long outstaying her welcome. While the Fed once said it wanted some hot inflation on the scene, she arrived a lot hotter and has stayed a lot longer than Father Fed expected — now kind of […]

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Protected: This Economy is Ugly in its Bones – Part 2

Posted May 13, 2022 By David Haggith
hedge fund hedge hog (Basile Morin / CC BY-SA (https://creativecommons.org/licenses/by-sa/4.0))

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How Bad Was the Stock Crash for April Fools?

Posted May 1, 2022 By David Haggith
HM Stoops? (the name signed to 2 of the 6 illustrations on the page of the newspaper—they all seem to be from the same hand, despite this particular image is unsigned) [Public domain], via Wikimedia Commons

Well that didn’t take long. When GDP on Thursday morning revealed we are, in fact, crashing into recession, and the market flew like a released bird into the heavens, I noted in my last article that the market’s lunacy was just what I expected from delusional investors. That was a relief rally from the earlier […]

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So much has happened with the rise of inflation and so much is continuing to crowd in behind the scenes on the production end that I believe we will see inflation burning hotter for longer in the months ahead. Those saying we are nearing peak inflation are as wrong as they were when they said […]

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Bill Gates has dollar signs in his eyes as he envisions a cashless society

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