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 perfect storm I predicted against the price of oil in the Ides of March has not fully developed, but all the forces I spoke of are continuing to build. The balmy days that prevailed for oil prices in early March have gone away,...
Stocks are feeling the love. While the momentum of the stock rally stumbled in the last two weeks of March, the Dow did manage to break ever so slightly above the downward trend line of the high points it established over the past twelve...
Last week began the blackout period for companies buying back their own shares, as we are nearing the end of a quarter, when stock buybacks are put on hold. It also began the bust of the stock market’s recent rally.
Compare the Great Depression to the Great Recession, and you’ll see a similar pattern in how the Dow Jones Industrial Average graphs out. That pattern appears to be repeating now.
The developing Epocalypse will become the super-volcano of economic history, and this week revealed cracks in the surface that give hints of the eruption to come.
Only a couple of weeks ago, I said we were entering the jaws of the Epocalypse. Now we are sliding rapidly down the great beast’s throat toward its cavernous belly. The biggest economic collapse the world has ever seen is consuming...
The Federal Reserve is now testing a plan to apply negative interest rates to banks counts. Under this plan, banks will charge interest on the money you keep in deposit. As far as the Fed’s concerned, it’s important to get the “consumer”...
January was the winter of our discontented stock market. It was the worst January since 2008, when the Great Recession officially began. It was, in fact, the worst January in the history of the New York Stock Exchange. According to...
In the fall of 2015, the world descended into an economic apocalypse that will transform the globe into a single cashless society. As we enter 2016, we are only beginning to see this Epocalypse form through the fog of war. The war I’m...
If it weren’t so serious for the world, it would have been funny to watch on Thursday as the stock market rose sharply upon news that oil prices were rising. Robotraders with silicone brains, I thought. Do people really believe today’s...
