Author Archives: David Haggith

The Bears Have it Right: Economy went Polar Opposite of Bullish Predictions

The Great Recession Bears, like myself, picked the meat off market bulls throughout 2018. We scoffed at the start of the year when bulls concocted a narrative that said bears would starve because 2018 was going to be the year … Continue reading

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Retail Apocalypse and Carmageddon Continue to Pick up Speed as Predicted Here

The Great Recession We now know that the Retail Apocalypse took another trip downhill during the all-important holiday season. December reports show retail sales declined more in one month than they have since … the Great Recession. Notice what a … Continue reading

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Housing Market Crash 2.0: The Jury is in for 2018-2019

The Great Recession As happened with the first housing market crash that began in 2007 but didn’t become widely recognized until mid-2008, the present housing crisis began exploding one story at a time last summer, and this blog was perhaps … Continue reading

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The Fed’s Failure is a Fait Accompli, Exactly as This Blog Said it Would be!

The Great Recession Here is a single chart that proves how completely the Fed’s end-game for its recovery failed, which means the fake recovery, itself, is failing. It’s not hard to figure out what happened here. Talk about a euphoric … Continue reading

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A Winter Tale of Snow to Remember and Sun Long Ago

The Great Recession I wrote months ago about the coming mini ice age. Recently the reality of this cooling trend became mainstream news because of a new scientific study affirming it, and even more recently, the midwest decided to remind … Continue reading

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Powell Put Sends Stocks Soaring

The Great Recession Federal Reserve Chair Jerome Powell placed his put in stocks while saying there is none. When he doubled down today on a more dovish approach to the economy, Powell claimed the Fed is not designing interest rates … Continue reading

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The Great Recovery Rewind: How the Federal Reserve’s Balance-Sheet Unwind is Unwinding Recovery

The Great Recession We are in the end time of an unprecedented era of financial expansion — the greatest expansion of the world’s money supply ever attempted, expansion of the Federal Reserve’s vast and unchecked powers far beyond what the … Continue reading

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Federal Reserve Confesses Sole Responsibility for All Recessions

The Great Recession In a surprisingly candid admission, two former Federal Reserve chairs have stated that the Federal Reserve alone is responsible for creating all recessions in the United States. First, former Fed Chair Ben Bernanke said that Expansions don’t … Continue reading

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The Roar of Stupidity is Now Deafening

The Great Recession The world is descending into intellectual chaos. Read El Erian in the following linked article, and then come and back tell me we have not moved into madness: El-Erian: 1000-Point Swings In The Dow Are The “New … Continue reading

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It’s Up, It’s Down, It’s Done — a Day in a Year of the Dow.

The Great Recession The market’s last chaotic day closed in a way that befit the entire year. Up, down, up harder, down harder, and done! It looked like the violence of the day may have come from the Plunge Protection … Continue reading

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Beware the Bear’s Bull Traps!

The Great Recession So, the bull market bounced back, right? Not so fast. When one appreciated reader suggested there would be a huge plunge the day after Christmas, given how badly the market plummeted the day before Christmas, I cautioned … Continue reading

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Fed Med is Dead: How We Went from Fake Recovery to Freefall

The Great Recession Until you got to this tax and spending deal a year ago, it was one of the most hated bull markets. The markets steadily climbed one wall of worry after another, and the problem was that the … Continue reading

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Something Wicked This Way Comes. Is it the Fed? Is it the President? Is it the Treasurer?

The Great Recession Make no mistake about it, there’s real fear and panic out there as markets are dislocating to the downside…. But note that on many charts we are showing 2008/2009 like conditions, something that is entirely inconsistent with … Continue reading

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This Bear Ain’t Playin’ Games with the Bulls (The Stock Market Crash is in. Cash is in now, too!)

The Great Recession This ain’t no ballgame. This bear has shown up for blood, not sport. The Nasdaq intraday hit the 20% down mark that is widely regarded as qualifying for a change from a bull market to a bear … Continue reading

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Trump’s Mobsters in the White House Deflect Blame for Falling Market

The Great Recession Before Trump was even inaugurated, I said he was clearly draining the swamp directly into the White House. That was obvious as soon as he nominated a Goldman-Sachs roster to fill all the financial cabinet positions. Some … Continue reading

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Stock Market Hangs on Edge of Very Big Cliff

The Great Recession It’s downright wintry on Wall Street right now. Firmly establishing the worst start of a December for the US stock market in 38 years, all three major stock indices plumbed the greatest depths they have hit all year … Continue reading

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Stock Market’s Stars are Crossed for an Ursa Major Upset

The Great Recession The Big Bear is back. Ursa Majoris in the house of the rising sun, and Taurus is in the house of the setting sun. Those are bad signs for investors who are now daily diving into their horoscopes. … Continue reading

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Icarus Flies, but FAANGs Fall from the Gaping Maw of US Stock Market – And My Blog is Still Here

The Great Recession As we pass from early summer into late summer today, stocks on all the major indices open the day on the slide. The “Tech Wreck,” as it is being called, has been noted by many, as I’ll … Continue reading

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Fabulously Fake Facts – “G” in GDP Stands for “Gullibility”

The Great Recession While glowing presidential proclamations about US GDP growth last week did nothing to prevent the stock market from rushing headlong over the cusps of a FAANG stock ledge, the market is taking a breather today. So, let’s … Continue reading

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Housing Market Collapse 2.0 Accelerates Rapidly!

The Great Recession Just ten days ago, your Lone Ranger here laid out why one should see the barely beginning downturn of the housing market in Seattle as the bellwether for a national housing market bust. Naturally a snowflake or two … Continue reading

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