Economic Predictions Archive

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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Filed in Economic Predictions, Guest Features | Tagged: economic collapse, economic predictions, GDP, Jamie Dimon, The Federal Reserve

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

Posted June 20, 2022 By David Haggith

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 Iâ€™m going to change it. Itâ€™s a hurricane. Right now itâ€™s kind of sunny, things are […]

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Filed in Economic Predictions | Tagged: bonds, cryptocurrency, housing market collapse, inflation, Jamie Dimon, quantitative tightening, stock market, The Federal Reserve

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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Filed in Economic Predictions | Tagged: economic collapse, economic crisis, economic predictions, hyperinflation, inflation, quantitative easing, quantitative tightening, stock market, The Federal Reserve

Two Primary Pointers to Recession are Rapidly Diving Deeper

Posted June 9, 2022 By David Haggith

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 ofâ€¦.

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Filed in Economic Predictions, Uncategorized | Tagged: economic predictions, Jamie Dimon, recession

Thirteen Major Fails: a Quick Rundown of our Rundown Economy

Posted May 23, 2022 By David Haggith

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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Filed in Economic Predictions | Tagged: economic collapse, economic crisis, economic denial, economic predictions, epocalypse, the Great Recession

The Fed is Still Spiking the Inflation Punch Bowl, but the Party is in Recess Anyway

Posted May 17, 2022 By David Haggith

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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Filed in Economic Predictions | Tagged: Ben Bernanke, economic crisis, economic denial, economic predictions, hyperinflation, inflation, Jerome Powell, The Federal Reserve, the Great Recession

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))

Market permabulls die because they act like pigs, obsessed with pushing their way into the trough for any scrap of food that remains. For example, people continue to invest in stocks as they face-plant into the hog’s wallow again and again because they can only think of making money the way they have been used […]

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Filed in Economic Predictions, Premium Posts | Tagged: economic crisis, economic predictions, hyperinflation, inflation, recession, recession v depression

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 newspaperâ€”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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Filed in Economic Predictions | Tagged: economic collapse, stock market, the Great Recession

Inflation May Take the Food out of Your Mouth before it Goes Away

Posted April 21, 2022 By David Haggith

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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Filed in Economic Predictions | Tagged: economic collapse, economic crisis, economic denial, hyperinflation

Epocalypse Revisited Part Six … Six, Six: Are we talking the “Mark of the Beast” Yet?

Posted April 13, 2022 By David Haggith

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

It also forced all people, great and small, rich and poor, free and slave, to receive a mark on their right hands or on their foreheads, so that they could not buy or sell unless they had the mark, which is the name of the beast or the number of its name. This calls for […]

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Filed in Economic Predictions, Premium Posts | Tagged: cashless society, cryptocurrency, epocalypse

Epocalypse Revisited Part Four: The Cashless Society and the New Digital Dollar Divide. It’s here!

Posted April 12, 2022 By David Haggith

In writing almost two years ago about the Epocalypse that would envelope the world when the Everything Bubble crashed, I wrote about crypto currencies and the central bank digital currencies (CBDCs) that would rise out of the ashes like the phoenix as the central banks’ own “fiat” currencies collapsed or their economies did:

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Filed in Economic Predictions, Premium Posts | Tagged: cashless society, economic predictions, epocalypse

Epocalypse Revisited Part Three: Monetary War in the new New World Order

Posted April 10, 2022 By David Haggith

US military photo to go with "wars and rumors of wars"

I’m making Part Three of my “Epocalypse Revisited” series available to all because it introduces where the series will go in examining the world’s transition to a global, digital cashless society, countering the notion that globalism just fell off a cliff and dispelling rumors about gold-backed rubles and the mighty yuan trouncing the dollar.

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Filed in Economic Predictions | Tagged: economic predictions, European Union, The Federal Reserve

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