Author Archives: David Haggith

Market Mayhem is Due to Truly Perfect Storm for 2019 Recession

The Great Recession “The perfect storm” has become a cliché, but the current setup for a 2019 recession just became so text-book perfect in alignment of the three most critical recessionary forces that I have to use it. Let me … Continue reading

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Frothy Bubbles Make Me Whine

The Great Recession These are not the tiny champagne bubbles Don Ho used to sing about, but those greenish-gray floats of foam that pile up against harbor docks where the churn of the waves meets the oil spittle of boat … Continue reading

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Breaking China Not as Easy as Toppling Tijuana

The Great Recession A bump from Donald Trump’s thump on Mexico’s head is causing the US stock market to swell this week. Trump tariffied the market last week because his new threat against all things Mexican seemed to say Trump might … Continue reading

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You Know Things are Falling When…

The Great Recession …when the stock market’s decade-long bottom trend becomes its new top trend and then it can’t even make it back up to that line as a top trend. We’re sloughing away now, and it can be a long slide to the … Continue reading

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Housing Collapse 2.0 Continues as Predicted Here … as does everything else!

The Great Recession The graph here shows the point at which I said early last summer housing sales had turned over (for the worst) and would remain on a downtrend indefinitely, and it shows how that prediction has panned out. … Continue reading

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Market Loses its Hopium-Induced High, Falls Four Weeks Straight

The Great Recession Stocks posted their fourth straight weekly loss across all three headline indices this week, but more important than that they proved convincingly on Friday that the market is as fully intoxicated as I claimed in my recent … Continue reading

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Liquidity Stress Fractures Begin to Show in the Federal Reserve System

The Great Recession In my January Premium Post, “An Interesting Interest Conundrum,” I laid out how the Federal Reserve was losing control over the Fed funds rate — a loss of control over its bedrock interest rate that indicates financial … Continue reading

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Hopium Floats, and That’s How the Market got High on Friday

The Great Recession So much for the trade war being “good and easy to win.” Let’s be honest. Trump has been grinding away on it for almost a year now, and China has barely flinched in its negotiations. On Friday … Continue reading

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The Zombie Epocalypse: A River of Denial Floods Markets Everywhere

The Great Recession The highest summit of irrational exuberance ever not seen by those engaging in it makes the perfect peak for the greatest global economic collapse ever not known by those who fell into it. Some days the level of … Continue reading

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US GDP Not All it was Cracked up to be

The Great Recession You may be worried my prediction that a recession will start sometime this summeris not looking too good. So was I after first-quarter corporate earnings started coming in better than what economists expected. Except that barely “beating expectations” … Continue reading

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3M Crash May be the Shape of Things to Come

The Great Recession Shares of 3M Co. plummeted toward its biggest one-day decline in over 30 years, after the industrial, health-care and consumer products company reported missed profit and revenue expectations, slashed its full-year outlook, and said it was cutting … Continue reading

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List of 24 Points Pressing Hard toward Recession

The Great Recession The US stock market is slightly overbought (which is not a positive in terms of head room for more of a rally). It’s massively built up on debt that is now more expensive to maintain and/or obtain.

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Tick, Tick, Talk, 2019 Recession Coming

The Great Recession The 2018 stock market crash is now a fait accompli, having taken a polar bear plunge that put ice in the veins of the Fed and electrified their collective spine with such a deep chill they ran like a … Continue reading

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One Big Tip for Huge Economic Growth

The Great Recession The Fed’s surprise pivot away from any interest rate increases this year has boosted prices of stocks, high yield bonds and other risky assets in spite of nagging investor concerns about slowing global economic growth….. The quandary for the … Continue reading

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The Two Stooges of Finance: Larry and Moore

The Great Recession Laughable Larry Kudlow, as high priest of the Laffer Curve, has long been servant of “King Dollar,” as Larry has often reverently referred to US currency. The Laffer Curve is the central creed of trickle-down economics. It’s … Continue reading

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Retail Apocalypse Closing Stores Down Like Death of Dinosaurs

The Great Recession For brick and mortar stores, the Retail Apocalypse is closing stores down like a slow-motion video of the asteroid event that took out dinosaurs 66 million years ago. While it may seem to drag on as we … Continue reading

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Two Down, One to Go, and the Fed is Stuck: My most important economic predictions have come in rock solid

The Great Recession Two of my biggest and longest-term predictions for 2018 and 2019 proved resoundingly true this week, and my sole prediction for this year — a prediction of recession bolder than anyone else’s — moved a big step … Continue reading

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Socialist Revolution: The Price Capitalism Pays When Greed Goes Unrestrained

The Great Recession Socialism is the price Capitalism pays for unrestrained and unpunished greed, and Alexandria Ocasio-Cortez is the new face of Socialism in America. AOC refers to her Socialist revolution— for now wrapped up in the Green New Deal before … Continue reading

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A Week in the Life of a Topsy-Turvy Wildly Whirling World

The Great Recession Let’s review this past devilishly whacky week to see if we can divine the way the world is turning and why the markets are churning. It was 2019’s worst week in stocks and, well, just about everything … Continue reading

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US Budget Deficit and Interest Take Trip to the Moon

The Great Recession In my first Premium Post back in January, “2019 Economic Headwinds Look Like Storm of the Century,” I laid out sixteen major headwinds that would be howling against the economy this year. One of those was the … Continue reading

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