Uncategorized Archive

Of course, Biden’s State of the Union Speech will include all kinds of bragging about the economy, as every president’s SOTU speech does. So, we’ll ignore all that and look at the direction the economy is actually headed using recent metrics in a rapid-fire revelation that looks like this:

Be the first to comment

Stock investors don’t believe Powell because the Fed lost most of its credibility in recent years by promising it could do quantitative tightening on autopilot in its long-awaited and feared balance-sheet unwind, which crashed stocks back in 2018. Next it slammed the brakes on QT in a Fed faceplant because it had also crushed bank reserves, which the Fed, more than any entity on the earth, is supposed to understand and manage.

Be the first to comment

There is no excerpt because this is a protected post.

It Was a “Wow! Wow!” Bow-Wow Dog of a Doozy Week for Jobs!

Posted February 3, 2023 By David Haggith
Farmer in despair over Great Depression in 1932.

Does anyone remember way back to when new jobs came in so bad the report shocked everyone by being far below expectations? Stretch your memory because it was all of three days ago that only 106,000 new jobs were created, well below the 190,000 Dow Jones estimate, and even further below the previous month’s upwardly revised 253,000. Yet, now, they’ve exploded to half a million!

Be the first to comment

Dr. Pippa Malmgren: The New Cold War – It’s In Your Fridge

Posted January 26, 2023 By Guest Contributor
Dr. Pippa Logo

Prior to the COVID lockdown and well before the tanks rolled into Ukraine, I was trying to help audiences understand the nature of the evolving conflict among the superpowers. But, people didn’t feel the superpowers were in a true confrontation. They were careful to keep their confrontations out of the public eye. These confrontations happened in space, on and under the high seas, and in the realm of data. This is now becoming more visible.

Be the first to comment

Retail Tales Tell a Sad Story about the Economy

Posted January 18, 2023 By David Haggith

December 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.

Be the first to comment

The Davos Death Knell Has Been Rung

Posted January 17, 2023 By David Haggith
Klaus Schwab on big screen at World Economic Forum

A 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?

Be the first to comment
Bundesarchiv, Bild 102-08803 / CC-BY-SA 3.0, CC BY-SA 3.0 DE , via Wikimedia Commons

When 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.

Be the first to comment
Beat the establishment before it beats you ... again.

Surveying 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.

Be the first to comment
Sudden Russian Death Syndrome

Russian leaders keep dying from a peculiar Russian variant of Sudden Adult Death Syndrome (SADS), known as Sudden Russian Death Syndrome. SRDS causes a critical loss of balance when high ranking Russian officials close to Putin are standing in high or dangerous places. Several deaths have been recorded in recent days alone. People who are […]

Be the first to comment

Over the Hill and Not out of the Woods we Go!

Posted December 22, 2022 By David Haggith

Another sleigh ride today for stocks with plenty of tumult for Tesla as Zero Hedge noted: Shit’s getting real in equity-land as this morning’s selling pressure has turned into a blood-soaked sea of red with TSLA leading the plunge, down 11% [and] The S&P has erased all of the week’s gains… … and …

Be the first to comment

2022: The Year that Imploded … Bigly

Posted December 21, 2022 By David Haggith
Falling housing prices may cause Housing Market Crash 2.0.

This was the year where it seemed everything imploded. For the economy, it started with two quarters of receding GDP that everyone refused to call a recession. Whether you stand with the crowd on that or not, it was certainly not a good change and was certainly a collapse of the economy toward a smaller […]

Be the first to comment