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Powell Feinted Full Dovetard, and Stocks Still Plummeted. Why?

Posted November 2, 2022 By David Haggith
The bear is back

I’m going to write today’s article with all the vicissitudes I experienced as I read Powell’s statements about the Fed’s predicted moves and watched the market’s responses as they played out. My first thought, as I read the headline about Powell stating outright that the time was coming when the Fed would have to slow […]

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Something Wicked is STILL Nearby — Papa Powell on the Prowl for a Brawl

Posted November 2, 2022 By David Haggith
By H. Zell (Own work) [GFDL (http://www.gnu.org/copyleft/fdl.html) or CC BY-SA 3.0 (http://creativecommons.org/licenses/by-sa/3.0)], via Wikimedia Commons

In my latest Patron Post, I laid out how, even though I appear to have missed my “anticipated” (not predicted) target for the next big leg down in stocks to happen as an October surprise, I have many, many reasons to believe the bear’s revenge against the recent rally is still on track, even if […]

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Something Wicked is STILL Prowling Nearby

Posted November 1, 2022 By David Haggith

Now that the Dow finished its best October ever, it is more than clear my anticipation of an October surprise that would deliver a “horrendous” stock plunge couldn’t have been more wrong. That was an October surprise on me. It was not, however, a large one, as I didn’t have a lot of conviction when […]

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QTR: The Woke Mob Crosses The Streams

Posted October 30, 2022 By David Haggith

The climax of the hit movie Ghostbusters was when the protagonists finally decided to “cross the streams” of their proton packs to defeat the final ghost, the Stay Puft marshmallow man. In the context of the movie, it was an unthinkable action – viewers were warned early on that that “crossing the streams” of the unlicensed […]

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GDP Stands for One “GROSS Domestic Pig” During Election Season

Posted October 28, 2022 By David Haggith
hedge fund hedge hog (Basile Morin / CC BY-SA (https://creativecommons.org/licenses/by-sa/4.0))

President Bidin’-his-Time just got a little reprieve delivered right in time for the upcoming election, and it looks like we’re all having pork for Thanksgiving this year, not turkey. His government served up a nice GDP-growth surprise that came in below the Atlanta Fed’s final GDPNow estimate of 3.1% at 2.6%, but still a solid-looking […]

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A Peek at the Peak of Peak Stupidity in Stock-Market Euphoria

Posted October 25, 2022 By David Haggith
Celebrate because the Epocalypse is here!

Today, I read an exasperating article on Zero Hedge. You can find it here in order to know what I’m carrying on about below: “10 reasons to be bullish“ I’m not saying that there is no chance of a big rally that becomes the defining characteristic of what happened to stocks on the way to […]

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Doug Noland: Dissecting Chairman Xi

Posted October 23, 2022 By David Haggith
DonkeyHotey [CC BY 2.0 (https://creativecommons.org/licenses/by/2.0)]

The world is changing, and sometimes there’s an almost slow-motion element that offers a particularly coherent view of what the future holds. The UK, one of our closest allies, has succumbed to financial, economic and political crisis – with effective leadership seemingly a pipedream. Chairman Mao – I mean Xi – spewing ideology from an […]

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Where did something wicked go?

Posted October 23, 2022 By David Haggith
Permission is granted to copy, distribute and/or modify this document under the terms of the GNU Free Documentation License ( http://www.gnu.org/copyleft/fdl.html ), Version 1.2 or any later version published by the Free Software Foundation; with no Invariant Sections, no Front-Cover Texts, and no Back-Cover Texts. A copy of the license is included in the section entitled GNU Free Documentation License.

Last Sunday, I wrote about the big swings in the stock market that had just happened as follows: I’m anticipating this coming week will be horrendous. That kind of extreme bouncing is nothing but the rapids right before the lip of the waterfall.… I think that is what this is — extreme chop like the […]

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MN Gordon: Operation Break Stuff

Posted October 23, 2022 By David Haggith
Central banks are cause of inverted yield curve recessions

Stagflation, sinking labor productivity, severe levels of public and private debt, a splintered real estate market…  You name it.  The economy’s crashing and burning like an old Cutlass Supreme, and There’s nothing the central planners can do to fix it…

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Lance Roberts: Fed Rate Hikes Approaching The “Breaking Point”

Posted October 22, 2022 By David Haggith

Well, it’s now official: Inflation did become the hottest news of 2022 as predicted in 2021: “Inflation Becomes The Leading Global Concern In 2022.” The next step in the forecast was that the Fed greatly over tightens because it doesn’t realize we’re already in a recession, and here is proof step-two is nearly complete:

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The Fed Actually Reveals the Way its Own Delusional Thinking Works, and Why That Assures a Worse Crash!

Posted October 20, 2022 By David Haggith

I just came across an internal Fed staff document that shows what a mess their minds are. When you see how seriously they are misunderstanding this economy and the causes of inflation and how they are going to fight that inflation like Don Quixote jousting at windmills, you’ll realize there is no way they find […]

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Something Wicked This Way Comes!

Posted October 16, 2022 By David Haggith
John Robert Charlton [CC BY 2.0 (https://creativecommons.org/licenses/by/2.0)]

From the intro to my last Patron Post: Thursday morning CPI, again, proved what has become my standing narrative for two years — that hot inflation would force the Fed to tighten faster and [thus] would kill the economy, the bond market and stocks â€” when all of the following headlines hit on a single morning (as […]

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