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 first news on inflation this week sounded good for America, terrible for my predictions. I should be glad to be so wrong, I guess. The news sent the stock market soaring again as it became known that the scorching-hot producer price...
A lot more news streamed in since my Deeper Dive on the labor market, affirming the major recessionary downturn I reported in my analysis. However, since I covered that extensively in the Deeper Dive, I’ll let the headlines below speak for...
For six months straight, manufacturing has been receding, according to the Institute for Supply Management. What I find most revealing in today’s ISM report about this period of manufacturing recession are the comments that tell a tale on...
The theme of the Personal Consumption Expenditures price index (PCE), which measures inflation and which came out on Friday, was that the smallest part of the economy that is directly impacted by tariffs held relatively close to flat while...
Fed Chair Jerome Powell sent stocks skyrocketing back up to the moon today by saying the economy was doing poorly, so he might have to cut interest rates. There is nothing the modern stock market loves so much as a crash into cash.
Wow! I know I said I was going to hold off on covering the full scope of inflation news until my weekend Deeper Dive, but, WHEW! what a burner! As it turns out, I can’t pass by today’s biggest economic news without commenting. I just can’t...
Stocks today soared (Dow up 500) because Trump landed some “massive” tariff deals. The reason they soared, however, appeared to be because the deals were not nearly as massive as Trump had said he was seeking. Still, the idea of flying...
The TACO trade is the new action on Wall Street where investors are betting against everything Trump says about tariffs because surely he is stalling in order to avoid putting high tax-intensifying, inflation-fanning tariffs on American...
Economists were expecting find another 100k jobs were created based on today’s report, but we got 33k in net job destruction, instead, while the numbers from the last report were revised down in addition to this bad news. So much for “the...
When I say, “the bull market is strong,” I only mean the market for selling words that are complete “bull____” is strong. The stock analyst bull that goes in your ears about the economy is reeks strongly these days.
