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 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...
The bottom line is we need to pay for everything as we go and stop deficit spending, and there are only two avenues for doing that—raising tax revenues and lowering expenses. The closest we came was during the Clinton years when Bill...
According to Bidenomics, it’s new construction everywhere and robust consumers. Yet, today, as the tech sector in US stocks saw shares slammed down around 4%, NVIDIA, which so many stock promoters said could not see a collapse like the dot...
Economist David Rosenberg, who predicted the 2008 financial collapse, said that the 818,000 adjustment in new jobs that I wrote about here on The Daily Doom signify an economy that is in a worse meltdown than the Fed realizes.
You may beat the inflation rate back down, but all future inflation happens from the new higher benchmark of prices that never fall back down, and central banks never stop trying to push them up.
The Fed can easily be made to work but nobody apparently wants it to, or we’d change it. This rose bush puts out only flowers that only stink and wither, but it has thorns the size of your fingers that cling to your pockets and tear at...
