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Uncategorized Archive

Just When You Thought 2020 Couldn’t Get any Weirder…

Posted October 8, 2020 By David Haggith
By DonkeyHotey (Donald Trump and Mike Pence - Caricature) [CC BY-SA 2.0 (https://creativecommons.org/licenses/by-sa/2.0)], via Wikimedia Commons

The Vice President was upstaged by a tiny, little black fly that forced the VP debate to center on the one topic #pinkeyepence most wanted to avoid — his handling of the Covidcrisis. Chatter across the nation about the debate became all about Pence’s fly and his pink eye and … again … about how […]

Trump tax plan trumps the middle class

After saying the stock market’s rally today could best be explained by “the removal of uncertainty,” Jim Cramer got a hyuuge surprise out of a corner from which he least expected it. The surprise that moved the market was not, however, removal of the particular uncertainty that Cramer was talking about. It was removal of […]

2018 economic predictions

Throwing the Trump administration and campaign into turmoil, COVID-19 has struck the president, the First Lady, White House staff and key Republicans. The virus the president “downplayed” has imprisoned him for being a viral scofflaw. He can no longer attend rallies in person or shake hands or talk face-to-face with voters. He’s cancelled events.

By Federal Bureau of Investigation (FBI) [Public domain], via Wikimedia Commons

Senate hearings in Washington have laid bare the failures of the FBI investigation, showing there was never any evidence of ‘collusion’, and it was all a campaign to ‘get Trump’. The US Senate Judiciary Committee questioned former FBI Director James Comey during a hearing this week over the recent Horowitz report.

Trump's corporate tax cut is a gift to himself like his corporate jet.

The NYT’s much-heralded exclusive claiming that Trump is “profiting” from his presidency despite going “broke” during his tenure has more potholes than a New York alley.

Tick, Tock Stock Drop

Posted September 25, 2020 By David Haggith
Gathering around the stock ticker during the 1929 US stock market crash.

Since I’ve spent a fair amount of time on the US stock market of late, I won’t say much. Just taking a moment to note September just finished its fourth consecutive week down (final full week), maintaining a downtrend that began as we rolled over from August into September, setting up an October surprise.

Stocks are Falling into Fall

Posted September 18, 2020 By David Haggith

All three major stock-market indices completed three consecutive weeks of falling today as we head into fall next week. The NASDAQ, as you see in the opening graph, has set up a clear trend of perfectly aligned closings this week.

Bullheaded Dave Portnoy Gets Pounded with His Own Hammer

Posted September 12, 2020 By David Haggith
Dave Portnoy shakes fist as market gives him a pounding

Dave Portnoy is shaking his fist at the stock market, daring it to give him a bigger pounding than it already has — telling his gambling fans how the $700 million he lost on Thursday, and the four-million he’s lost “in a f—ing blink” over the week is just a flesh wound, a mere scratch. […]

Arrival of the Epocalypse and the 2020 Stock Market Meltdowns

Posted September 8, 2020 By David Haggith

I rarely mention anytime I’ve been interviewed. However, I was reviewing a casual conversation I just finished with one of my readers, Bob Unger, and I thought Bob’s questions led to a well-rounded expression of how, over the past two years, our economy got to the collapse we are in now, how predictable the Federal […]

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

The Coronacrisis has been a boon for America’s wealthiest dozen, taking their aggregate wealth over the top of a trillion dollars. One think tank refers to them as the “Oligarchic Dozen”: “The rich get richer” doesn’t even begin to tell the story these days. According to the Institute for Policy Studies, the wealth of the […]

Denial Dominates the Dummies

Posted August 15, 2020 By David Haggith
Édouard Riou [Public domain], via Wikimedia Commons

One of my reasons I started this website years ago was to counter all the denial that I saw in the mainstream media about how long and deep the problems from the Great Financial Crisis would be and about how we were failing in every way to resolve the greed, decay and especially faulty thinking […]

Note to Patrons

Posted August 8, 2020 By David Haggith
David-Haggith-Image

First, FYI for non-patrons, the subject of the latest Patron Post and of the last couple has been hyperinflation and the big difference now in how the Fed is creating money, which is much more critical in terms of hyperinflation than just how much it is creating. The article I just posted also touches on […]

Labor Dept. Trumps Its Own Numbers

Posted August 7, 2020 By David Haggith

Spin it up, Boys! Spin it up high! The Labor Department should go into the money-laundering business because they own the fastest-spinning, number-washing machine out there. Early this week, Trump promised really big numbers would be seen in Friday’s jobs report. Since presidents do not usually get the numbers until just before they are released […]

No “V” in Reco_ery

Posted August 5, 2020 By David Haggith

These pictures are worth thousands of words: