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 theme of the Personal Consumption Expenditures price index (PCE), which measures inflation and which came out on Friday, was that the smallest part of the economy that is directly impacted by tariffs held relatively close to flat while...
Fed Chair Jerome Powell sent stocks skyrocketing back up to the moon today by saying the economy was doing poorly, so he might have to cut interest rates. There is nothing the modern stock market loves so much as a crash into cash.
Wow! I know I said I was going to hold off on covering the full scope of inflation news until my weekend Deeper Dive, but, WHEW! what a burner! As it turns out, I can’t pass by today’s biggest economic news without commenting. I just can’t...
Stocks today soared (Dow up 500) because Trump landed some “massive” tariff deals. The reason they soared, however, appeared to be because the deals were not nearly as massive as Trump had said he was seeking. Still, the idea of flying...
The TACO trade is the new action on Wall Street where investors are betting against everything Trump says about tariffs because surely he is stalling in order to avoid putting high tax-intensifying, inflation-fanning tariffs on American...
Economists were expecting find another 100k jobs were created based on today’s report, but we got 33k in net job destruction, instead, while the numbers from the last report were revised down in addition to this bad news. So much for “the...
When I say, “the bull market is strong,” I only mean the market for selling words that are complete “bull____” is strong. The stock analyst bull that goes in your ears about the economy is reeks strongly these days.
After writing about the faulty economic numbers put out by the federal government (or not put out on time as if they were hiding them or are figuring out how to continue forward while downsizing), we have another report that came out on...
I’m glad to hear a number of significant conservative voices fully agreeing with my own position on Trump’s Big Beautiful Bill. Apparently, there is still a little life left in the true conservative minority that remains within the...
A few stories today affirm yesterday’s editorial about the precariously high risk in the US bond market and its causes and the effects on stocks. The articles below name three causes of the crisis in US Treasuries and stocks—tariffs, the...
