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Uncategorized Archive

By Tairo Bonilla (Own work) [CC BY-SA 3.0 (http://creativecommons.org/licenses/by-sa/3.0)], via Wikimedia Commons

I still beg to differ with those who say the plunge from a positive 6.9% GDP growth rate in the last quarter of 2021 to minus 1.4% in the first quarter of 2022 is just noise. “It’s just a passing anomaly,” they say. On the contrary, I am certain the anomaly was the 6.9% reported […]

Farmer in despair over Great Depression in 1932.

You cannot grow a turnip in a pile of dollar bills unless you let them rot first. Depending on the road the Fed takes, that could become the dollar’s highest value and the best the Fed can do to reduce food shortages. Whether the dollar decays depends, in good part, on whether the Fed chooses […]

US Economy Crashes Headlong into Recession!

Posted April 28, 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

Is it too extreme to say an annualized GDP growth number of minus 1.4% this quarter puts us in recession in this quarter, and is it too extreme to call that a “crash?” No, it is not in the least extreme, and I’ll tell you why, even though the standard definition of a recession is […]

Let me begin by showing you this aerial demonstration of the Federal Reserve’s carefully orchestrated plan for bringing the US economy down for a soft landing:

“The Fed Finally Pushed the Stock Market Over the Edge”

Posted April 23, 2022 By David Haggith

So said Barron’s as the Dow dove almost 1,000 points on Friday and completed its fourth down week in a row. The Dow’s dive (981 points) was the worst since the Coronacrash in 2020. In two day’s time, it has fallen over 1300 points. Even before the big polar-bear plunge, stocks were seeing their worst […]

Cover art for "Home Deus," the Hebrew edition of a book by Dr. Yuval Noah Harari

Comedian JP Sears lampoons Dr. Yuval Noah Harari in this video that a friend shared with me. Clips of Dr. Harari appear in the video of a presentation he gave at the World Economic Forum (WEF) about the near future of humanity — a time starting about now when cyberwar will take place on the […]

And I’m kind of glad to see it happen. Having seen the bursting of the bond bubble coming, I stepped out of the way financially (no money in stocks or bond funds) to watch the plunge from the sidelines during what has turned suddenly into an epic plunge in bond prices (rise in yields).

The Big Bond Blowup: Worst Bust Since Marshall Plan

Posted March 27, 2022 By David Haggith
2017 Economic Forecast is looking like the mother of all storms

This past week was a stormy ride through the badlands of hell for bonds. Government bond prices took their worst cliff-fall since the Marshall Plan. The panic run of bonds over the edge was sparked by the fantasy belief that Russia might be retreating, bringing a rapid end to Putin’s invasion and the opposing sanctions.

So the title says. Because some said the article was one of the most complete exposés on the Obama coup in Ukraine, I had to read it. I’ve always believed the US sponsored the coup that overthrew the democratically elected government, so I hoped I had finally found an article that would untangle the web.

The Big, Bad Biden Oil Bust

Posted March 9, 2022 By David Haggith

I saw an article two days ago asking if the price of oil could go any higher. I had to read the article for only one reason: I couldn’t believe anyone was even asking if oil would keep rising, and I knew it had to be someone so wedded to chart dynamics that he couldn’t […]

The Fed Did It! Inflationary Collapse was Already Here.

Posted March 6, 2022 By David Haggith

For almost two years (starting in 2020 before you could see any consumer inflation at all), I have faithfully and consistently traced our trajectory toward scorching inflation that would cause a market disaster. Prior to that, inflationary burn-out was not an argument I ever made on this site (unlike some who perennially hyperventilate about hyperinflation).

The Big-Dollar-Big-Bear Ruble Rumble

Posted March 2, 2022 By David Haggith
The bear is back

The battle between King Dollar and Tsar Ruble is on, and Russia’s efforts to dethrone the dollar have already lost. The ruble has already been knocked off its rickety wicker throne and has had its head kicked in. It’s just that brutal. King Dollar, on the other hand, hasn’t sat so tall in years.