Independent thinking for complex markets and current events
by David Haggith The Iran War is defeating President Trump as lies upon lies are no longer working for him in markets or with supporters. For awhile it worked—all too long in fact. The president could lie about negotiations and jar the stock market up and the oil market down. His base, however, was becoming …
This is what Bari Weiss will be remembered for destroying the legacy of CBS News. Today CBS News announced it will cut 15% of its staff. This is as Weiss was paid $150 million by David Ellison to carry out this erasure. Now comes the announcement that the famed and important CBS News Radio will …
Defiant Khamenei loyalist blasts Trump’s ‘delusional fantasies’ as he warns US: ‘We will not negotiate’ A veteran powerbroker loyal to Iran’s slain Supreme Leader has ripped Trump’s ‘delusional fantasies’ and warned the US that he is not willing to negotiate. Ali Larijani, a close ally of Ayatollah Ali Khamenei, delivered the blunt message on Sunday …
Weinstein indicator says this Stage 3 distribution. Agree or disagree? $SPY pic.twitter.com/ErsTxDSYby — TrendSpider (@TrendSpider) February 18, 2026 In Stan Weinstein’s stage analysis, Stage 3 (distribution) is when a stock’s uptrend peaks and flattens, with prices oscillating around a leveling 30-week moving average. It signals potential selling by big investors, often preceding a downtrend (Stage …
‘This is it, the day we all dreaded, a milestone in Britain’s descent into collectivism of the most repugnant kind. We have just witnessed a monstrous Budget delivered by the worst Chancellor in living memory, an obscene mix of untruths and delusion, a farrago of bile, envy and nastiness that will vandalise our economy and …
Link to article:https://t.co/T1T5Yz00VE — Kalani o Māui (@MauiBoyMacro) November 10, 2025 https://www.bloomberg.com/graphics/2025-china-deflation-cost/ BEIJING — From coffee to cars to real estate, there’s a recurring pattern in China: companies rush into an industry, then resort to discounts to stay afloat. That has economists worried. Natixis’ study of 2,500 listed Chinese companies reinforce how volume is growing …
EVERY matching piece for a crash like ’29 is now in place. by David Haggith One article for the headlines on Tuesday, since The Daily Doom doesn’t have holiday editions, asks if we are heading for a 1929-style stock market crash. If you’ve read me for long, you know I lean strongly that way. I think we …
“Achieving these results required additional incentives, resulting in a reduced average sales price of $383,000, and our gross margin drifted down to 17.5%, while our SG&A expenses came in at 8.2%, reflecting the soft market conditions.” Source: https://newsroom.lennar.com/2025-09-18-Lennar-Reports-Third-Quarter-2025-Results “The average sales price for new homes dropped to $389,000, an 8.7% decline year-over-year, and a striking …
Guests are about to run screaming from the summer party because the flaming gob of goo is back. While it’s lurking at the perimeter, they are all about to see it flame on. THAT should be interesting! by David Haggith How convenient: Just as a “top economist” for Moody’s says that GDP may not be …
It’s an inflation volcano getting ready to blow. After it does, the economy will collapse into a caldera of debt Trump helped create. Many signs of eruptive pressure are showing up on the surface now. by David Haggith This may be as close to his own Mt. Rushmore as the Great Orange ever gets. With …
Musk and Tennessee officials want Nashville to believe a ten mile loop to the airport is just about transit. They say it’s privately funded through “private partners” who remain anonymous. That anonymity is telling. Musk has done this before in Las Vegas where the Boring Company claimed to have delivered three million Tesla rides around …
Glenn Kessler, The Washington Post’s longtime “fact checker,” is out, taking a buyout with no replacement coming. Leadership under Bezos and CEO Will Lewis is reportedly trying to detox the paper’s partisan stench and cut costs. Kessler’s farewell sounded noble, but the timing and silence around a successor says more than the post did. WASHINGTON …
The media’s Epstein coverage just split into a thousand scattered pieces and nobody’s telling the whole story. The New York Post wants you focused on the House Oversight Committee dragging Ghislaine Maxwell back into the spotlight. They paint it like a righteous GOP crusade but ignore how long lawmakers and prosecutors on both sides have …
Hong Kong’s banking system just entered high alert. What began as a coordinated stablecoin rollout is now unraveling into something more serious. On July 22, internal communication circulated among Hong Kong’s monetary authorities warned of acute stress across token-backed reserves and real-time settlement chains. The letter outlined scenarios where liquidity could evaporate if collateralized redemption …
by David Haggith Who weaponized the DoJ and the intelligence community at a level so deep we haven’t seen such revelations since President Nixon? President Trump received a gift box from Tulsi Gabbard that may help him keep a lid on the Epstein Files. President Trump needed a distraction after days of bashing his own …
What’s going on here is likely a sign of rising global stress. The sharp drop in the 10 year Treasury yield alongside a spike in the U.S. Dollar Index (DXY) points to a flight to safety and a scramble for dollar liquidity. Normally, falling yields would weaken the dollar but when both move in opposite …
Russia faces new threat if it targets Ukraine’s backers. 🇺🇦🇩🇪🇷🇺 Germany will deliver long range weapons to Ukraine to hit deep into Russia The logic is simple, to destroy Russian logistics you need to hit deep behind enemy lines. Now if Russia wants to destroy Ukranian logistics … Russia needs to hit Germany?pic.twitter.com/0ArN4fD37I — Lord …
by David Haggith And, yet, the picture gets worse still looking further forward, based on the labor-market conditions that are building as major trends so far. Just as I expected, the government’s report on jobs Thursday totally contradicted ADP’s Wednesday payroll data report. The stock market ignored the abysmal ADP report but then soared with …
President Trump’s flagship legislation is now hanging by a thread. The “Big Beautiful Bill” cleared the Senate on July 1 after a 26-hour vote marathon, but it did so with a tie-breaking vote from Vice President JD Vance. That alone signals trouble. The bill now returns to the House, where the revised version is triggering …
by David Haggith 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. The economic reality, itself, is weak. And, for that reason, the resurrected bull …
Looks like #Bitcoin is taking a nosedive! BREAKING 🚨: Bitcoin $BTC pic.twitter.com/5jKJ6B3vJO — Barchart (@Barchart) June 20, 2025
Governor Ron DeSantis is calling out Congress for failing to implement spending cuts identified by Elon Musk’s Department of Government Efficiency (DOGE). The initiative was designed to slash wasteful spending, but lawmakers have yet to act. 🇺🇸 GOV. RON DESANTIS: NOT ONE CENT IN DOGE CUTS, CONGRESS FAILED "A trillion-dollar deficit is a tax on …
BREAKING: New home prices in China's 70 major cities dropped -4.6% year-over-year in April. Existing home prices fell -6.8%, after a -7.3% drop in March. Chinese home prices have now declined for nearly 4 years STRAIGHT. Meanwhile, property investment declined -10.3%… pic.twitter.com/ke4rwT1otC — The Kobeissi Letter (@KobeissiLetter) May 21, 2025
DEI: Chicago’s teachers insisted that higher pay would unlock student success. The city obliged, hiking per-student spending by 70 percent and boosting average teacher salaries to $100,000. The result? Failure on a grander scale. Today, just 11 percent of black students in Chicago are proficient in reading — a tragic monument to the bankrupt promises …
“What’s being proposed: The U.S. Treasury is floating the idea of buying back older debt securities. This is essentially a form of yield curve intervention a tool to inject liquidity, support market function, or steer duration risk away from the private sector. This is not QE in the traditional sense, as the Fed isn’t involved …
Why did the 2yr treasury sell off when everything else rallied on the tariff pause? Why did gold recover and finish the day up $100 amid widespread euphoria in risk assets? Something doesn't add up here and I don't know what it is. Keep your helmets on. pic.twitter.com/Nqe0oJkxdY — Nobody Special (@JG_Nuke) April 9, 2025 …
Payments are being sent without categorization codes, making audits nearly impossible. There’s no required rationale for payments. The “Do-Not-Pay” list—meant to block dead people, terrorists, and fraudsters—is ignored. Worse, it can take a year just to add names to it. Now, the bombshell: $100 billion a year is flowing to recipients with no SSN or …
Global Central Bank Liquidity is now on trend, implying we're only 4 weeks away from a crisis. https://t.co/5mEWN5sH0i pic.twitter.com/d4iqi4j5MQ — Financelot (@FinanceLancelot) October 24, 2024 VIX action is operating from a much higher base than the 1H 2024 days. Gaps & dips. pic.twitter.com/w1Tvszo2PV — Don Johnson (@DonMiami3) October 24, 2024 Is it time for a …
BY DAVID HAGGITH This is the second return of inflation since Covid. The first return of inflation came last year and into January through March of this year when inflation started rising again after about a year of declining. Since then, I’ve made a big point all summer of saying inflation would rise for a second time …
BY DAVID HAGGITH In other words, it’s a whole bunch of far-out stuff. It’s written a little more on the lighter side, or snider side, but there was just such a bunch of peculiar news that is now normal that I couldn’t let it all go by without comment. (Keep your sarcasm detector turned on.) …