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By A. Burnham Shute (Moby-Dick edition - C. H. Simonds Co) [Public domain], via Wikimedia Commons

There is no excerpt because this is a protected post.

Elon Musk Portrait Painting Collage by Danor Shtruzman (https://creativecommons.org/licenses/by-sa/4.0)

The faint heartbeat of this week’s jobs report did not keep the stock market from trying to scramble back up to its record heights. The surging and plunging and scrambling for cash and closing of gates at Robinhood did not stop the rise either. Robinhood became a broken arrow Let’s just say market mania rose […]

EPILOGUE: A Night to Remember at a Palace Beside the Sea

Posted January 19, 2021 By David Haggith

At a peachy-pink palace that remained from a bygone era beside the sea in a land of decaying swamps, the king of Deep State gathered with the richest of his rich subjects to celebrate his former accomplishments and greatness. As with all kingdoms, only the old-money crowd gathered in the palace to dine with the […]

Nothing to See Here, Folks. I Mean, Literally, NOTHING.

Posted January 16, 2021 By David Haggith
By 95 b-body ss [CC BY-SA 3.0 (https://creativecommons.org/licenses/by-sa/3.0)], from Wikimedia Commons

Every couple of months, I bring us up to date on how the economy has changed, and the last couple of month have taken us predictably back into economic decline, following a summer burst of subnormal passableness that never got us out of the crater we fell into last spring.

MAGAnificent! The Economic Truth or Terror is Known at Last

Posted January 15, 2021 By David Haggith
By John Phelan (Own work) [CC BY-SA 4.0 (https://creativecommons.org/licenses/by-sa/4.0)], via Wikimedia Commons

What does MAGAnificent America look like now that it’s here? Does America really feel greater after the last four years? Be honest now. Be really honest. From where I stand, America has never looked worse in any year of my life! That’s a statement packed with facts.

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

In my last Patron Post, which I eventually made available to everyone, I revealed a little-known (at the time) fact that M1 money supply (the most liquid forms of cash — bills, checks and basic savings accounts) had grown faster than any time in history. I showed that using a graph like the following, which […]

Notice: I’ve made the last Patron Post now available to all.

Posted December 19, 2020 By David Haggith

Just wanted to highlight that so people don’t forget to check it out now that password protection has been removed from the article. I’ve made it available because the news it contains about the latest major moves within the Federal Reserve System are tectonic — some serious, surprise, so-far-unexplained movement in cash money. See: “It’s […]

A Christmas Stocking Stuffer

Posted December 15, 2020 By David Haggith

This month’s Patron Post lays out what course of action the Fed is likely to take this week, how and why any Fed action must team up with the federal government, and what the outcome is likely to be for the stock market and the economy. I’ve now unlocked that Patron Post for everyone because […]

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

We are now seeing the most euphoric stock stock market in history — a market as precariously perched as the one I laid out last January. “Market Euphoria Surpasses Dot Com Levels” says one headline. There is another way of putting it: extreme euphoria. Zero Hedge

Proof That Trickle-Down Never Even Dribbled Down

Posted December 2, 2020 By David Haggith
tax burden of the beleaguered peasants give rise to socialist revolution

Want to see a crystal-clear picture of who has been helped the most by decades of trickle-down economics, who has gone nowhere and who has actually gone slightly downhill? Well, here you go:

Devastating Damage from the Pandemic Is a Long Line of Bad News

Posted November 24, 2020 By David Haggith

It’s time for my semi-regular roundup of where the economy has gone since the last roundup, and … It’s a long line of devilish details

The Great 2020 Bailout Bonanza

Posted November 20, 2020 By David Haggith
hedge fund hedge hog (Basile Morin / CC BY-SA (https://creativecommons.org/licenses/by-sa/4.0))

Let us speak of megabanks and global corporations, chicanery and swine, and speak of how the great have feasted in the troughs of trillions dumped out by the present administration, congress, and the Fed, for 2020 makes the bailouts of the Great Recession look like childhood snacks.

Trump tax plan trumps the middle class

I have tried to be fair with Trump, taking down many of the big lies I have seen brought against him, but I hold him to the same standard of truth. His charges of fake news against the mainstream media could have changed things if he hadn’t told so many lies himself that he lost […]

By Michiel from Amsterdam, The Netherlands (Be stupid @ Amsterdam) [Public domain or CC BY 2.0 (https://creativecommons.org/licenses/by/2.0)], via Wikimedia Commons

Election night and the day that followed became one more exhibition of irrational exuberance in the stock market and an omen of chaos to come. Early on election night in the US, stock futures soared as soon as it looked to many investors like Donald Trump would have a clear claim to a second term […]