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
This past week was a stormy ride through the badlands of hell for bonds. Government bond prices took their worst cliff-fall since the Marshall Plan. The panic run of bonds over the edge was sparked by the fantasy belief that Russia might...
In 2015, I wrote about The Great Recession 2.0 that was coming upon us. I called it “The Epocalypse” to signify an economic apocalypse that would be epic in scale and that would begin a new epoch on earth — a turbulent time of global...
For almost two years (starting in 2020 before you could see any consumer inflation at all), I have faithfully and consistently traced our trajectory toward scorching inflation that would cause a market disaster. Prior to that, inflationary...
After hitting the highest official inflation rate in 40 years, bonds did exactly what I warned of in my last Patron Post where I said, The collapse of the Everything Bubble will be an economic supernova. Think Lehman Bros. and Bear Stearns...
Well, let’s just say the next recession is smoking right outside your window. You’re lying in your bed at night. You can’t see the intruder, and you don’t think he’s in the house yet, but you know he’s there because you can smell his...
In the first half of 2021, I bet my blog that the inflation I had been predicting would rise so hot through the year for so long that it would kill the stock market bull. It’s time to call the bet.
With rapt attention from all across the nation, the High Priest of Finance at the Federal Reserve took his position behind his presser pulpit. Biting his quivering lip again and again, he uttered his benediction over the US economy. He...
The Everything Bubble is bursting, and the Fed has barely even begun its war on inflation. Many top stocks are already in their own bear markets. Nvidia, way off its game, has lost 25% of its value from its last high score.
The market’s demolition that I’ve been talking about has begun. Zero Hedge asked the question on Thursday, “How bad is it?” and provides Morgan Stanley’s answer:
THE GREAT RECESSION - Zero Hedge’s favorite quant from Nomura just laid out his measurements and metrics of the bond market that explain why treasury prices puked on Tuesday, and his assessment of what is happening precisely validates the...
