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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:

How Price Inflation Works, and Why it May Finally Work Now!

Posted August 4, 2020 By David Haggith
Plane made of burning dollar bills symbolizes price inflation and the Fed moving to digital currency

I’ve said this before, but there is a strong reason why it has been clear we would NOT have price inflation during all the Federal Reserve’s money creation after the Great Recession and why we very well could have it now. I think this deserves a quick summary because even financial writers don’t get it.

Ochlo / CC BY-SA (https://creativecommons.org/licenses/by-sa/4.0)

Shootings, stabbings, beatings of bystanders, police officers blinded by lasers, thrown bombs, burned vehicles, and the usual plethora of broken windows, stolen merchandise, obstructed traffic and graffiti. These phrases describe many of the so-called “protests.” All illegal. All unconstitutional. Yet, the Democratic mayors of the cities taken over by such conflagration cheer on the people […]

COVID Brings New Hope to First-Time Home Buyers

Posted July 24, 2020 By David Haggith

When dinosaurs went extinct, mammals gained opportunity to flourish. Crises for some bring opportunity for others who can adapt to benefit from new environments. I try to enable my readers to position themselves to be the ones who will come out better at the end of this crisis. Future calamity has already been set in […]

You Could Get Mad as Hell and Just Not Take This Anymore!

Posted July 17, 2020 By David Haggith

It’s time to show you’re Fed up! Get mad as hell! Don’t take this any more! Scorch the earth with your rage! Yell from the rooftops! Stick your head out the window and scream! Fight the economic injustice that serves the rich! Kick political asses, and kick them hard! Don’t just whine, do something about […]

Goldman’s Stacks of Gold

Posted July 17, 2020 By David Haggith

Goldman Sachs, JPMorgan, and BlackRock Financial Management are stacking up wealth like never before, thanks to the Great Recession 2.0, a.k.a. the Second Great Depression. Yet, the Fed maintains its recovery plans do not create wealth disparity.

Photo of breadlines during the Great Depression

The coronavirus pandemic inflicted a “swift and massive shock” that has caused the broadest collapse of the global economy since 1870 despite unprecedented government support, the World Bank said.… “This is a deeply sobering outlook, with the crisis likely to leave long-lasting scars and pose major global challenges,” said World Bank Group Vice President for […]

Epochalypse Now: How Deep is Your Depression?

Posted July 9, 2020 By David Haggith

We are nearing that mid-point in July when I said we would start to see the news turn from euphoria-inducing reopening positives to depression-developing realism. Speaking of stock-market bulls who are stampeding uphill on the euphoria side, I wrote, Right now the farce is with them — reopening has arrived! And these stupid people will […]

The 2018-2-19 Housing Market Crash 2.0 is just getting started.

There is no excerpt because this is a protected post.

Protected: The Great Yield Curve Control Conundrum

Posted July 3, 2020 By David Haggith

There is no excerpt because this is a protected post.

Bloomberg reported this week that thirteen US companies (in the 50-million-plus size) filed for bankruptcy last week. That brought the total for the big boys and girls this year to 117, which matches the record peak for the first half of a year set in 2009. The slew of bankruptcies also set a record in […]

Photo of a car used as a tent to demonstrate depth of Great Depression in these economic predictions.

The troubles listed here in my 2020 economic predictions are so severe and so likely to get even worse that it’s more difficult to imagine they won’t get worse than to believe they will. Just a few of these misfortunes would be enough to plunge us into an abyss of social and financial catastrophes.

Before we get into the timing of the recession, here is a graph that is particularly telling of the Fed’s journey and is worth studying from left to right. Notice how chaotic and less effective our journey with FedMed has become, just as I wrote about in another article this week (“Zero Hedge Confirms Fed […]