haggith:

DAVID HAGGITH: All major banks rumbling, Fed tightening beyond all expectations, Magnificent-Seven stocks tumbling, fears of Volmageddon 2.0, junk bonds getting junkier, war blowing inflation upward.

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, organize it and then write an editorial. So, I’m going to go through them in …

READ MORE

DAVID HAGGITH: People See Better Than Economists – We’re no longer even sure what economists are since they clearly are not people who understand economics, so maybe not even people at all.

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 in half-empty flutes left behind from everyone’s celebration of the Fed’s victory? Of all the …

READ MORE

DAVID HAGGITH: Recession Is Already Here And Inflation Is Hotter — Much Hotter — Than You Were Just Told.

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 this year, too. Rosenberg notes that significant difference between the two rarely ever exists, but the …

READ MORE

DAVID HAGGITH: Fed talks “catastrophe.” JPMorgan talks “second wave” of banking collapses. History says the Fed NEVER makes it past the present depth of tightening — not ever!

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 economic destruction. That became the only thing Forbes ever quoted me on when I warned it was …

READ MORE

Uh-oh! It looks like you're using an ad blocker.

Our website relies on ads and the generous support of readers like you to keep delivering free, high-quality content. Right now, we are facing serious funding challenges and we need your help more than ever. Disable your ad blocker and this message will vanish. You can also sign up for a membership to enjoy an ad-free experience while supporting our work: https://citizenwatchreport.com/plans/subscriptions/ Your support helps us stay independent, continue our work, and keep content free for everyone. We truly appreciate your understanding and thank you for standing with us.