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
At the start of the year, the US zipped past $34-TRILLION in debt. In July, we zoomed past $35-TRILLION. And now, in even less time, we screamed past $36-TRILLION. The mileposts to financial doom are flying by so fast they are just a blur...
Now that the re-ignition of inflation is becoming somewhat more common talk around town, as anticipated here, let’s take a brief look at what Trump’s tariffs are likely to do to inflation down the road.
We now move from the stage where I was, in a lonely manner, predicting for months inflation would rise near the end of summer to the stage where everyone is in on it because it has become obvious, so the rise in today’s report is suddenly...
More voices are harmonizing with mine by saying that the recession already began this year. (Which is not to say they are saying it with any awareness of what I’ve been saying, as I don’t suppose they are.) Today, Ed Dowd says that Donald...
Trump’s victory was an all-out sweep. He took all of congress to a shimmering red victory in the wake of his own presidential win, thoroughly reformed the Republican party in his image, and he won the electoral vote by a large margin and...
The Dow tumbled fairly hard today (-400), but the real news is the reason it fell. According to CNBC, the stock market’s most troubled day in over a month is happening because Treasury yields have been rising and competing with stocks....
In keeping with the analysis I did in recent Deeper Dives about how all the good news in economics these days appears to be adjusted into place, we have another clear example today that I'll share with all.
The Fed’s financial plans are running off the rails already. With summer just gone by and the Fed’s first rate cut barely out of the station, already the bond vigilantes are pushing bond interest rates back up, and voting Fed members are...
Today, Jeffrey Tucker is pointing out the view that is almost inescapable, at least, as one of two clear alternatives, regarding the Fed’s large crisis-scale rate cut at a time when it says the economy is “strong.”
Apparently, the consumer does not feel he or she is part of the Fed’s economy, which we all know has inordinately benefited the rich at the expense of the rest—particularly at the rising expense of the rest who have faced years of soaring...
