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 ain’t no ballgame. This bear has shown up for blood, not sport. The Nasdaq intraday hit the 20% down mark that is widely regarded as qualifying for a change from a bull market to a bear market. A close at that level would have made it...
It’s downright wintry on Wall Street right now. Firmly establishing the worst start of a December for the US stock market in 38 years, all three major stock indices plumbed the greatest depths they have hit all year … and it’s been a bad...
The Big Bear is back. Ursa Major is in the house of the rising sun, and Taurus is in the house of the setting sun. Those are bad signs for investors who are now daily diving into their horoscopes. The market is pouring out of an inverted ...
As we pass from early summer into late summer today, stocks on all the major indices open the day on the slide. The “Tech Wreck,” as it is being called, has been noted by many, as I’ll detail here. That is in spite of the fact that the...
Even the best day of the year for stocks in the United States struggled to pull this market into better shape. While summer is a down period overall for stocks, July 2nd holds the position of being historically the most bullish day of all ...
The Federal Reserve is now hacking its own zombie recovery to death and eating it by reversing the actions it employed to create this artificially supported recovery. Each time the Fed unwinds its balance sheet, 10-year bond rates recoil,...
The 1929 stock market crash became the benchmark to which all other market crashes have been compared. The following graphs of the crash of 1929 and the Great Depression that followed, the dot-com crash, and the stock market crash during...
Many of the 2017 economic headwinds I’ve described will hit during the Ides of March, just as the Trump stock-market Rally shows signs of topping out. This might not be the Great Epocalypse — not all at once anyway — but a large and likely...
So 2016 wasn’t the predicted Epocalypse, but it sure was weird! Globally, it was a year of continued economic malaise and increasing financial risks. Most notably, though, it was a year of political upheaval that pitted voters in the UK,...
The Federal Reserve is, at last, acknowledging at top levels that its economists are completely baffled, its recovery is failing, that the Fed cannot raise interest and may even have to heat up its stimulants … or we may end up with a...
