It’s Been a Great Recession for a Few; Let’s Do it All Again!

This month the economic expansion brought to you by your Federal Reserve and by US government largess becomes the longest expansion in the history of the United States! That’s something, right? Something? Let’s take an honest look at what we now call great. By “the longest expansion” we mean the […]

Market Mania Bets the Cash Registers Go Xi Ching!

The S&P 500 is up 18% and powering toward its biggest first half since 1997. For bulls, things are great. Will they get any better? To a handful of cross-asset strategists who turned skeptical on stocks before this week’s manic sessions, that’s becoming the most pressing question. Increasingly, their answer is: not […]

Is the Fed Dead?

The US deficit this year is already over three-quarters of a trillion dollars, putting the first eight months of the fiscal year almost equal with the entire past fiscal year. It is also $200 billion above the previous record for this portion of the year, and this May’s deficit alone […]

Hopium Floats. How The Market Got High on Friday

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 the tariff war became personal because it will now tap your own budget […]

Two Down, One to Go, and the Fed is Stuck

My most important economic predictions have come in rock solid By David Haggith at http://thegreatrecession.info/blog/2018-2019-economic-predictions/ 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 […]

Socialist Revolution: The Price Capitalism Pays When Greed Goes Unrestrained

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 congress — as the “politics of optimism,” and so it is. […]

US Budget Deficit and Interest Take Trip to the Moon

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 government debt, which I said was about to skyrocket: If you thought the […]

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

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 the first to state that summer’s change was the turning point from decades […]

The Fed’s Failure is a Fait Accompli!

Exactly as This Blog Said it Would be! 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 rise at the end of […]

A Winter Tale of Snow to Remember

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 us of what mini ice ages might feel like. The reason for all […]

The Great Recovery Rewind

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

Federal Reserve Confesses Sole Responsibility for All Recessions

Responsibility for All Recessions 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 die of old age. They get murdered.  MarketWatch   […]

Up, Down, Done!

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 Team attempting to push the market up in the middle of the afternoon, […]

Beware the Bear’s Bull Traps!

http://thegreatrecession.info/blog/beware-the-bears-bull-traps/ 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 against that tempting thought. Herein are some warnings about bull traps in […]

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

http://thegreatrecession.info/blog/stock-markets-stars-are-crossed/ The Big Bear is back. Ursa Major is 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. The market is pouring out of an inverted Big Dipper, […]

Beat the Establishment!

A Campaign to Relaunch David Haggith’s site for the Second Great Recession to Prevent Bankster Bailout 2.0 If we don’t beat the establishment before the next downturn, we’re going to see the same bailouts and money printing we’ve seen before but on a deliriously insane level.This is not me being […]

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

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 take a breather and go back and look at why that GDP report […]

Housing Market Collapse 2.0 Accelerates Rapidly!

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 of criticism landed on my nose to say I knew nothing about real […]

The Economy is Cracking Up. Are You?

Economic cracks big enough to drive a car industry into are opening up all over the globe. Trade gaps are opening up between major allies. Widening spreads between the dollar and other currencies are shredding emerging markets. As we start into summer, these cracks and several others described below have […]

Housing Market Collapse 2.0 Has Begun

A summer storm is gathering against the housing market all across the US. More than a year ago, I predicted the collapse of Housing Bubble 2.0 and then predicted as soon as the housing market collapse had begun that it would see temporary reprieve until the summer of 2018. Well, that reprieve […]