A hub for independent voices and hard truths
BY DAVID HAGGITH Photo by Charlotte Harrison on Unsplash Today’s news is so flooded with stories that show the trends I’ve teen warning about that I can’t even begin to cover them all in the time I have to read through the news, …
by DAVID HAGGITH Statue of a REAL economist — Adam Smith. Photo by K. Mitch Hodge on Unsplash Can you believe the Treasury market is already unwinding its bets that the Fed is done fighting inflation, even as the Champaign is still bubbling …
by DAVID HAGGITH While we are far from the hyperinflation some have predicted errantly for years, we are back to inflation getting hotter, and the market just got a tiny taste of that lingering spicy burn today with the release …
by DAVID HAGGITH Photo by Sonder Quest on Unsplash David Rosenberg argues recession may already be here because Gross Domestic Income is already recessionary; but the only thing anyone is looking at, he says, is Gross Domestic Product. I’ve argued this point earlier …
BY DAVID HAGGITH The stock market is still purging some of its recent insanity this morning, but the real action has been in bonds. Fitch may have gotten everyone’s attention with its downgrade of US credit, but it has already …
via thedailydoom: San Francisco skyline | Photo by Patrick Perkins on Unsplash In the past, I’ve called this event the “Epocalypse” because it will be epic in scale and will eventually be seen as a new epoch in humanity’s economic history that will be apocalyptic in its level of …