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Gurus Gone Mad, Market Gone Gzonkers

Posted April 8, 2020 By David Haggith
stock market roller coaster sets up 2019 recession

By its close yesterday, the market provided exactly the example of the head slamming I said bulls were going to get in the article I was writing all day yesterday because the “Stock Market Bulls are Delusional in Face of Great Depression.” Monday’s stampede proved how utterly disconnected from reality the market’s bulls remain, and […]

Stock Market Bulls Delusional in Face of Great Depression

Posted April 7, 2020 By David Haggith
TAFTA [CC BY-SA 3.0 (https://creativecommons.org/licenses/by-sa/3.0)], from Wikimedia Commons

Monday was nothing but a dead-bull bounce … after bounce … after bounce, which means there is plenty of punishment to come. Pure testosterone drove the market’s rise, fed by nothing but the weak premise that New York’s drop in the coronavirus death rate for a single night meant the worst is behind us.

Bailout BONUS Bonanza Going Bonkers … Again!

Posted April 1, 2020 By David Haggith

The banks that are begging for bailouts still cling to their bonuses. To terrorize us into letting them keep their bonuses, the banksters are threatening to release the button on their suicide vests and blow themselves up by not taking the bailouts if they can’t have their bonuses.

How the Fed Fixed the Repo Crisis

Posted March 27, 2020 By David Haggith
Picture of old government liberty bond

This week’s results in the Fed’s repo-market interventions in one fell swoop proved everything I’ve said about the Fed’s intervention being QE4ever and the problem’s cause. The following results show the repo market has been fixed: The instant the Fed returned to full-on, “we-now-call-it-QE” QE, the repo market settled right down to an easy calm.

FDIC Chair says don't stash your cash

But the good news is that we are now back to those days just before 1933. So, dust off the mattress, and take out your knife, because it’s time to slice open the mattress and create a depository. I call that their “slash and stash your cash” video because it alerts you to do the […]

Fed's rocket ride tries to escape economic collapse on earth.

The soup lines hadn’t formed yet. Jobs had not even noticeably started to dry up, but they weren’t as easy to find anymore. You had to be angry to quit without having a better job firmly in hand. Stocks were climbing furiously above an economy that had been slowly ebbing away since summer. Sales were […]

Plane made of dollar bills going down in flames as we move to digital currency instead.

Boeing is a prime example of bailouts going bonkers. It flew to the government’s fuel pumps fast like a jet plane to beg the government for relief on the basis that the airline industry was disproportionately hit by something no one could see coming.

Trump Rally Destroyed!

Posted March 23, 2020 By David Haggith
Trump Rally Destroyed March 2020

In just one month’s time, the Coronacrisis, as I’ve been calling it, or Coronapocalypse, as Zero Hedge is calling it, wiped out the entire Trump Rally all the way back to when he was elected. Not bad for a month’s work by a microscopic enemy ravaging the works of the Great One. This is why […]

Riding on the Bull Train

Posted March 23, 2020 By David Haggith
The Trumponomics Train may not be too smart. By a_marga from madrid, Spain (Be stupid) [CC BY-SA 2.0 (https://creativecommons.org/licenses/by-sa/2.0)], via Wikimedia Commons

I don’t like just preaching to the choir. So, as I work on articles on this site, part of my mission is also to comment on articles on permabull sites to vainly see if it is possible to pound some sense into them. While I know it is not, the following is an amazing example […]

It’s not hard to figure out how to end the rinse-and-repeat cycles of financial destruction that I described in “The Bailout Bonanza is Back! (Pt 2: Hedge Hogs Demand More!).” It’s just hard to do politically because the people who are getting bailed out run the system.

hedge fund hedge hog (Basile Morin / CC BY-SA (https://creativecommons.org/licenses/by-sa/4.0))

The emphasis has to be on HOG as they squeal for corporate welfare and push their snouts into the trough. One hedge hog says the government needs to bail out all businesses by paying all wages so companies that depleted all cash don’t have to pay to retain all workers:

Short Take on the Long Line to Recession

Posted March 20, 2020 By David Haggith
Unemployment line during the Great Depression

As stocks took a morning breather while I enjoyed my coffee and wrote down the first recession stats since the Coronacrisis, I came across a heart-ripping prediction from Goldman Sachs for this week once the data is in. It’s been a long line of facts to this recession, but the last step is a doozy!

I’ll lead off with a brazen display of SHAMELESS bankster greed. Banks absolutely MUST HAVE all bailouts go to them. When the government said it would send $1,000 checks to every tax payer as a personal bailout, one banker implored the government to give it to the banks instead.

How Dead is the Fed?

Posted March 18, 2020 By David Haggith
Federal Reserve hacking its own recovery to death

You can only be so dead, and that’s just “plain dead.” But there is also Feddy Krueger dead. The kind of dead that keeps on happening like a demonic death that won’t stay dead. It is in that nightmarish Elm St. light that I’m going to review the Federal Reserve’s death.