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
Since Tuesday afternoon, the dollar has been trading below par with the other currencies that compete against it as global trade currencies. It’s been three years since the dollar reached down to this level. While that is far from earth-...
One of my recent warnings was that the US is sliding toward more credit downgrades because the Trump Tariffs are stripping away the one thing essential to the dollar surviving as the global trade currency—TRADE.
This Deeper Dive will lay out the fault lines that have appeared throughout the US economy. They reveal major tectonic plates that are shifting global economics, which I’ll present with hard facts, not just conjecture to show what is...
The stock market flaunts its stupidity in abundance today. It opened up 1400 points based on nothing but jaw-flapping by President Trump. This happened for two reasons, and will keep happening.
Today brought a storm of news strongly confirming all the points I laid out in my weekend Deeper Dive as to why we are certainly heading deep into a recession and into rising inflation at the same time, which would be “stagflation.” All...
The gradual demolition of the US credit rating continues as Moody’s today warns that the United States’ fiscal condition has deteriorated since its last downgrade a little over a year ago and that it believes the US is set to continue on...
Some market pundits said today that the market’s “correction” was nearly over, and the old bull will rise from the street and get back to bellowing again.
Fed Chair Jerome Powell, offered some pretty peculiar surprises at the Fed’s FOMC meeting today, but not in interest policy. While the Fed held steady on actual interest rate policy as everyone was certain it would, it did offer the stock...
(Due to the massively important and numerous events that swept the news on Tuesday, this editorial wound up becoming the kind of deep look normally reserved for Deeper Dives, so this week’s Deeper Dive is coming early because that is what...
The S&P has already retreated to such an extent that it is negative for the year, in spite of its reprieve on Friday, and is only 1% higher than it was on Election Day when it entered a melt-up Trump rally. The worst performer for...
