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 only thing remarkable about the Powell Presser after the Fed decided predictably to lower interest rates one more time was his naive claim that AI stocks are nothing like the dot-com bubble.
In my weekend Deeper Dive, I showed where the government’s inflation data on Friday fell far short of the truth; so, you are right in thinking more has been eating away at you than the government reported.
I’ve warned that the inflation numbers put out for CPI by the Bureau of Lying Statistics were going to become an aberration that fails more than ever to report the rising inflation I’ve said we would see this fall due to tariffs. Sure...
I'd say "hoard" since we're talking banks that usually have a vaults (or computers) full of cash, but that is just the problem: they don't.
You’ve heard the expression, “throwing good money after bad;” well, we had an example of throwing bad money after bad. President Trump has been throwing the dollar after the Argentine peso in order to save the crashing peso.
As “The Deeper Dive” this past weekend looked at the signs building for a stock market crash and economic collapse into an especially deep recession, more headlines came in on Friday and over the weekend to lay out further signs of...
One article for the headlines on Tuesday, since The Daily Doom doesn’t have holiday editions, asks if we are heading for a 1929-style stock market crash. If you’ve read me for long, you know I lean strongly that way.
The dollar is now coughing and choking like an old man with one foot in his grave. Gold is rallying because it is measured in declining dollar values and because it is the safe haven of choice now that central banks are ditching the dollar...
The economy is sneaking toward a second run at recession, even as GDP appears to be lingering positive. The monster never really left. It just hid behind tariff front-running.
China is now proving one of my statements from back in the days of Trump Tariffs 1.0 when I wrote that the formula for beating China in a tariff war was not to wage war on the whole world at once. The winning approach would be to take on...
