David Haggith
Market Commentator & Financial Writer
David Haggith publishes The Daily Doom and writes satire. The Daily Doom contains economic, social, and political news about our troubled times--a non partisan weekday collection of the most consequential stories about our complex times with insightful editorials and weekly economic analysis. As an equal-opportunity critic of America's sharply divided, two-ring political circus, David divides his satire into sister publications so you can pick the one you find agreeable and ignore her sassy sister.
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David Haggith Articles
The gradual demolition of the US credit rating continues as Moody’s today warns that the United States’ fiscal condition has deteriorated since its last downgrade a little over a year ago and that it believes the US is set to continue on...
Some market pundits said today that the market’s “correction” was nearly over, and the old bull will rise from the street and get back to bellowing again.
Fed Chair Jerome Powell, offered some pretty peculiar surprises at the Fed’s FOMC meeting today, but not in interest policy. While the Fed held steady on actual interest rate policy as everyone was certain it would, it did offer the stock...
(Due to the massively important and numerous events that swept the news on Tuesday, this editorial wound up becoming the kind of deep look normally reserved for Deeper Dives, so this week’s Deeper Dive is coming early because that is what...
The S&P has already retreated to such an extent that it is negative for the year, in spite of its reprieve on Friday, and is only 1% higher than it was on Election Day when it entered a melt-up Trump rally. The worst performer for...
As the stock market teeters on collapse, we got an example today of tariffs doing their intended good for the US and wreaking their destruction.
Trump was apparently so impressed with the searing inflation that his widespread stimulus checks set up back in 2020 that he is now contemplating a repeat stimulus program that will be even bigger.
There is beauty even in winter. Stocks are lifting and bond yields are settling as investors relax in the optimism of America’s new golden horizon. Trump is here, saved by God to bring on America’s golden age, the restored president claims...
Today’s top economic article is about the battle between stocks and bonds and even between US bonds and the global economy, which is all going to intensify this year. While I wrote extensively about that in this past weekend’s Deeper Dive...
I said 2024 would be the ‘Year of Chaos,’ and while it is easy to point out a large number of things that were chaotic this past year, it’s a big world, and there is always a large number of things that are chaotic.
