Irrational Exuberance in Stock Market Knows No Bounds

The Great Recession Blog by David Haggith   January was the winter of our discontented stock market. It was the worst January since 2008, when the Great Recession officially began. It was, in fact, the worst January in the history of the New York Stock Exchange. According to Citigroup, Inc., it was also the worst January ever…

The Epocalypse Spreads its Gaping Jaws and Smiles

The Great Recession Blog by David Haggith   If it weren’t so serious for the world, it would have been funny to watch on Thursday as the stock market rose sharply upon news that oil prices were rising. Robotraders with silicone brains, I thought. Do people really believe today’s rise in the price of oil means anything? There…

Global Stock Market Crash Goes Wild As Fed Goliath Dies

The Great Recession Blog by David Haggith As stock markets all over the globe start the week with more cliff diving, following their worst opening week in history, I’d like to take this opportunity to jam my finger in the central bank’s eye. The Federal Reserve’s recovery plan — which I’ll call “Goliath” because of its giant monetary expansion — is now…

2016 Economic Predictions: Year of the Epocalypse

The Great Recession Blog by David Haggith An economic apocalypse upon us. My 2016 economic predictions provide the full explanation as to why 2016 will be the year of the Epocalypse — a word that encompasses the roots “economic, epoch, collapse” and “apocalypse.” I needed a word big enough to describe all that is about to befall the world in 2016. When…