Uncategorized Archive

By Vmenkov (Own work) [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

The stock market is smart in a dumb way, but it is currently unbelievably dumb in the way that it is smart. To understand that, you have to realize that today’s stock market is not a place for investing in businesses. It used to be that, but the players have all turned it into a […]

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

The sails are torn and fluttering fiercely like flags in a windstorm. The ship has stopped slicing through the waves, and its timbers are shuddering on the rocks. You can hear the stony teeth chewing into her planks, but the captain and crew are passing around sherry glasses and raising a toast to the fine […]

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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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Podcast: What Hope is There for Humanity

Posted September 15, 2022 By David Haggith

In my latest podcast with Tom Pochari, we chat about the nexus humanity has come to and why we are entering a time of deconstruction and whether or not there is even any hope for humanity when we are so divided and lack the clarity of a vision we can agree on to move forward […]

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Gathering around the stock ticker during the 1929 US stock market crash.

Monday’s financial news was filled with fantasies about how Tuesday’s CPI report would be as boring for the stock market as watching the paint dry on Fed QT, but all that falderal didn’t even age one day without putrefying to a level of rancidness that would curl the nose hairs of most investors by Tuesday […]

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Plane made of burning dollar bills symbolizes price inflation and the Fed moving to digital currency

Stocks soared, treasuries fell, and the message from Team Fed was “full speed ahead with tightening.” Where did all of Wednesday’s market lunacy come from? We leaped from “Bad news is good news” straight to “Bad news is AMAZING!” Every Fedhead who spoke in Wednesday’s planned lineup made it clear the Fed is dead-reckoning its […]

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The Trumponomics Train may not be too smart. By a_marga from madrid, Spain (Be stupid) [CC BY-SA 2.0 (http://creativecommons.org/licenses/by-sa/2.0)], via Wikimedia Commons

California demands all new vehicles sold be electric/hybrid vehicles by 2035. Not to be outwoke by CA, Washington State is amping it up by demanding all light vehicles registered be fully electric by 2030! Yet, CA already has brownouts due to overpopulation and drought and wildfires, while Washington State is blowing up five dams that […]

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No Powell Pivot, So the Bear is Back!

Posted August 29, 2022 By David Haggith
The bear is back

Bear-market rallies are always built on delusions. A breath of hope returns to the dying bulls, and all the testosterone and adrenaline rushes to their veins. There is typically no rationality to it. It is pure sentiment, so the rallies are strong, unthinking, and vicious toward anyone who shorted the market, making shorting a dangerous […]

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The following is a link to my latest podcast interview, conducted by Tom Pochari: (It’s the one that currently is at the top of the left column.) Destructive Capital

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By John Phelan (Own work) [CC BY-SA 4.0 (http://creativecommons.org/licenses/by-sa/4.0)], via Wikimedia Commons

This story starts with a big “IF.” It is IF the reports this week about the documents harvested from Trump’s resort mansion, Mar-a-Lago, are accurate about the documents recovered, then the former president is guilty of a truly massive crime or, in the very least, gross negligence of the highest order.

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The Decline and Fall of American Empire

Posted August 17, 2022 By David Haggith
Dorothea Lange [Public domain], via Wikimedia Commons

A former US president was publicly tried for inciting a coup against congress by a congressional inquisition that ran a court circus that aired only the prosecution’s side. The video recordings of the monkey court were not even fully edited before his home was raided by an FBI that did its best for years to […]

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Humanity is falling into chaos. We can no longer even talk to each other — not just because the US is divided and angry to the point of talking about civil war but because words and concepts clearly understood by all people for millennia have in mere years been stripped of their meanings.

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