David Haggith
Market Commentator & Financial Writer
David Haggith started writing about the economy after he predicted The Great Recession half a year before it hit and was puzzled as to why no economists or stocks analysts saw it coming. In the months after the crisis broke out, he started to write humorous editorials in a series titled “Downtime,“ which chided the U.S. government and bankers who should have seen the economic collapse coming but whose cronyism, greed and ineptitude caused them to run the world into a ditch. Those articles were published in The Hudson Valley Business Journal, The Valley City Times-Record (North Dakota), and The Daily Herald in Tennessee. Haggith is dedicated to regularly criticizing the daily news — not just the content but the uncritical, unthinking nature of almost all of the reporting. He now writes his own blog, The Great Recession Blog, to break down the news as an equal-opportunity critic toward both Republicans and Democrats / Conservatives and Liberals … since neither kind of politician has done anything worthwhile to plot a better economic course. His articles are regularly carried by several economic websites.
David Haggith Articles
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...
I’m not saying nothing else can do the job before inflation fully gets here, just that the kind of inflation I’ve been writing about certainly will do it if nothing else does. That’s what terrifies the market and for a very good reason...
Chairman Powell of the People’s Bank of the USSA would have you believe inflation is no concern because the Federals are in control. The bond vigilantes, with their pistols shoved into his back, would have you believe Powell is their...
In my last Patron post, which I eventually made available to everyone, I revealed a little-known (at the time) fact that M1 money supply (the most liquid forms of cash — bills, checks and basic savings accounts) had grown faster than any...
Their citizens are voting with their feet and getting out of town. As a point of perspective, that amount of office space already vacant in SF is equal to nine of the tallest buildings in SF being completely empty:
All three major stock-market indices completed three consecutive weeks of falling today as we head into fall next week. The NASDAQ, as you see in the opening graph, has set up a clear trend of perfectly aligned closings this week.
As you know, I don’t make predictions based on charts, but clearly there is intense convergence of long-term support around the 2,000 level and strong indication of a subliminal desire in the market to keep plumbing the bottom to find that...
I rarely mention anytime I’ve been interviewed. However, I was reviewing a casual conversation I just finished with one of my readers, Bob Unger, and I thought Bob’s questions led to a well-rounded expression of how, over the past two...
Measured by the common man, we’re on the road to ruin. The US has been in decline for decades, but you can’t see that by looking at stocks. You can’t tell it from those who lie about the economy to make their living, but look at long-term ...
