Author Archives: David Haggith

Stock and Awe, Bears in Bondage

The Great Recession The Trump Rally pushed ahead relentlessly through a summer full of high omens and great disasters, all which it swatted off like flies. Even so, all was not perfect in the market as nerves began to jitter midsummer beneath … Continue reading

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Federal Reserve Hesitates on QE Unwind / Balance Sheet Reduction

The Great Recession Is the Federal Reserve’s Great Unwind already coming unwound? I thought it would be good to check up on Federal Reserve balance sheet reduction since the Fed is supposed to be up and running on the move … Continue reading

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Here’s You and Here’s the Top Ten Percent

The Great Recession In a nutshell, here is a graph that summarizes everything you need to know about the unsustainable US economy. Unless you’re in the top ten percent of income producers in the nation — or, at least, living … Continue reading

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Yawning Debt Trap Proves the Great Recession is Still On

The Great Recession While David Stockman stated early this year with resolute certainty that the debt ceiling debate would blow congress up and send the nation reeling over the financial precipice, I avoided jumping on the debt-ceiling bandwagon. While I … Continue reading

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Nuclear Stupidity: Tillerson Says Diplomacy Continues Till First Bomb Drops

The Great Recession Secretary of State Rex Tillerson says President Donald Trump wants him to push forward on diplomacy with North Korea “until the first bomb drops.” (Bloomberg) Brilliant! That means until the first entire city is destroyed. At least, that … Continue reading

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US Stock Market Whistles Past the Graveyard

The Great Recession It was a summer fit for the start of the Epocalypse followed by a fall where every event leans into Halloween. Summer began with a total solar eclipse that cast a long shadow across the nation from sea to … Continue reading

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I Know What the Economy Did Last Summer Part 2: The Real Estate Rollover

The Great Recession In fact, I knew what the economy did last summer before summer even began. Since the beginning of the year, I have been writing that it appeared housing was reaching a new bubblicious peak and that the real estate market … Continue reading

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I Know What the Economy Did Last Summer Part 1 : Carmageddon and the Retail Apocalypse

The Great Recession Summer closed in a whirlwind of weather chaos for the United States and its territories. At the start of the summer, the US economy began to show signs that it was flying apart. The two most obvious … Continue reading

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Hurricanes Harvey and Irma May Lend Helping Hand to Economy, but Hurricane Iniki and Katrina Tell More Complex Longterm Tales

The Great Recession Blog It is widely believed that World War II gave us the end of the Great Depression. As a result, people have said for decades there is nothing like a wartime economy to bring recovery from economic recession. … Continue reading

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Team Trump Transmogrifies into the Swamp Thing

The Great Recession The establishment has eaten the White House, and yet I continue to read supporters of President Trump who desperately hold to the delusion that Trump  is playing a game of 4-D chess — a game so advanced … Continue reading

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Trump’s NAFTA Makeover Not So Extreme

NPR – by Chris Arnold The Trump administration on Wednesday will start to renegotiate the North American Free Trade Agreement with Canada and Mexico. And despite very tough talk about NAFTA during the campaign, it appears the administration has backed … Continue reading

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Wars and Rumors of Wars: Fire and Fury Signifying Nothing?

The Great Recession August is a sultry month for stocks as markets thin out during the dog days of summer. Everyone leaves investing for a break from the heat. Statistically, August is the worst month for overall stock performance, while … Continue reading

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The Jewish Role in the Refugee Crisis

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Graphic Anatomy of a Stock Market Crash: 1929 stock market crash, dot-com, and Great Recession

The Great Recession The 1929 stock market crash became the benchmark to which all other market crashes have been compared. The following graphs of the crash of 1929 and the Great Depression that followed, the dot-com crash, and the stock … Continue reading

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Continue to Beware the Job Numbers (Is it the Bureau of Labor Statistics or Bureau of Lying Statistics?)

The Great Recession One reason I started my own economics blog was because of how tired I was of reading government-regurgitated half truths about the economy. Nothing has changed. As Newsmax and other publications report this week that July was a bumper … Continue reading

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Machine Mania in the Marketplace: How Computers Came to Own the World

The Great Recession With 60% of stocks now being traded by bots that fake each other out in order to create buying opportunities, stock exchanges have lost their connection to the reason markets are created in the first place. The … Continue reading

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Bank Deregulation Back in Vogue: It’s time to dance the last fandango!

The Great Recession The Great Recession was so great for the only people who matter that it is time to do it all again. Time to shed those bulky new regulations that are like clod-hoppers on our heals and dance … Continue reading

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Why Support Israel – Christians United for Israel

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Baltimore Cop Caught on Bodycam Planting Drugs at Crime Scene

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US Economy Keeps Moving Into Summer Storm

The Great Recession One of the kookiest moments last month came when Fed Chairwoman Yellen spoke about seeing no financial collapse in sight during our lifetimes “Would I say there will never ever be another financial crisis? No. Probably that … Continue reading

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