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
Storm clouds blanket the entire global economy right now. In the articles I’ve written over the last ten days, I reported extensively on the following prevailing winds that are assailing all economies, and in this article and the next, I’...
As I’ve written about extensively, we know the Federal Reserve has painted itself into a corner where it is now pressured to start tapering its quantitative easing earlier than it had been indicating. Now we are seeing signs that the bond...
Inflation is now rising faster than anything IHS Markit has ever seen in its Purchasing Manager’s Index, but it gets worse: It is not just cost outputs to consumers that are being passed along, but the rise in new input costs has also...
Stagflation is showing up in data points and articles everywhere now. Delta worries, labor shortages and fading Washington stimulus — it’s enough to cast a chill on the U.S. economy this fall.
I want to thank my patrons for hanging in there with me while my writing has been less frequent than you deserve. I’ve been battling with COVID for the past two weeks while also in the middle of a house move, but I hope now to get more on...
The past week has been a story of stagflation infecting the US economy while the stock market grimaces as Fed officials express the need to start a gradual pullout from economic stimulus much sooner or face a rapid pull-out a little later...
When asked about where inflation is now and how it relates to how high the Fed thought inflation would reach and what the Fed’s targets for inflation really are, Powell made it clear that inflation is running much hotter than the Fed...
Economists — including those at the Fed — were surprised by inflation again. With their consensus view being that inflation for June would print at about a 4.7% increase year-on-year, inflation barreled in at 5%. That took us back to the...
The S&P500 failed a breakthrough on Thursday and tucked its head back below its 4200 ceiling again, where it has remained range-bound for weeks. Job news on the economic front that many analysts toasted as great could not lift...
All those economists who went along with the Fed’s inflation-is-temporary-and-going-per-plan narrative are stunned by the data they now see coming in. They shouldn’t be, as it was predictable. However, they will need to get bigger charts...
