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The Trumpet Changes His Tune

6 days ago | thedailydoom.com | David Haggith

(I’m going to cover a story I didn’t have time to on Wednesday for medical reasons when the news came out along with several other stories that sang the same tune on Thursday about how Trump is changing his tune A LOT … on a lot of things. And I’m going to do it on Friday when I don’t usually publish because I couldn’t get it out on Thursday either.
Trade in your Big Ships for a Little Junk from China

1 week ago | thedailydoom.com | David Haggith

Tariff news out of Trump’s mouth was not what stocks wanted to hear, so their nonsense rally ended today. Stocks slipped Tuesday after President Donald Trump’s shaky commentary on global trade deals, dashing hopes that progress will soon be made on the tariff front…. Stocks wavered after Trump met with Canadian Prime Minister Mark Carney on Tuesday afternoon, marking the start of negotiations between the two leaders since since Carney assumed office earlier this year.
Trump Proposes Largest Military Budget in History, Strikes Deal to Support Ukraine for Minerals, Pulls out of Peace Talks with Russia and Iran and Threatens Iran with War

1 week ago | thedailydoom.com | David Haggith

It doesn’t seem to matter who you pick as president, even the guy who claims he’s going to be all about stopping wars, all you get is more wars. Today, President Trump presented the largest military budget request in the history of the nation—$1.32-trillion. It wasn’t long ago that such an amount was greater than the entire national budget. At the same time, Trump revealed today that his interest in parleying between Russia and Ukraine was all about the energy and other mineral rights.
Canada Beats TheRump as US Loses a Longtime Ally!

2 weeks ago | thedailydoom.com | David Haggith

It just went very badly for President Trump in Canada, and all of us have lost a longstanding, formerly firm ally, because Trump decided, not to merely engage the whole world in trade wars, but to also completely take over a couple of countries. Well, a country and a half let’s say.
As Ships Fail to Sail to US Ports, Trump's Trade Deals Appear to be Foundering on the Rocks.

2 weeks ago | thedailydoom.com | David Haggith

The Port of Los Angeles reported today a 35% decline in arriving shipments due to the tariff shutout of China, while other articles point out how Trump is losing nearly all the trade wars he started. As chaos churns around him, the president’s approval ratings have now sunk to the lowest of any president in history for their 100th day in office. Let’s look at how this story came together today.
King of Flip-Flops Strikes Again

3 weeks ago | thedailydoom.com | David Haggith

He’s figuring everything out as he goes, I guess, “playing by instinct,” as he put it; but his instinct for how he held all the trump cards and could force China to deal has obviously blown up in his face now that Xi is placing a stranglehold on Chinese and Korean rare-earth minerals.
Downward Ho!

3 weeks ago | thedailydoom.com | David Haggith

The Dow leaped a 1,000 feet, so to speak, into the air today because Treasury Secretary Scott Bessent announced that a deal with China could be very near. Well, that was how stock investors heard what they wanted to hear; but here is what he actually said because you might want to parse it a little more carefully:The major averages spiked on news that Treasury Secretary Scott Bessent told a group of investors Tuesday that there “will be a de-escalation” in the trade war with China.
THE DEEPER DOLLAR: Evidence of a White House Conspiracy to Collapse the Dollar

3 weeks ago | thedailydoom.com | David Haggith

While I generally lean away from conspiracy theories and certainly don’t want to risk creating one of my own, should I be wrong, I couldn’t shake a couple of dark thoughts last week: 1) There is no way the nation’s new Treasury Secretary, Scott Bessent, and those working with him could not know that trashing all trade around the world would trash the US dollar as the global TRADE currency as well.
The Great Dollar Debacle

4 weeks ago | thedailydoom.com | David Haggith

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-shattering, the cause is unique—never seen over all the decades the dollar has served as a global currency. It has fallen, as I wrote earlier this week due to flight of major capital from US Treasuries, and that is now the talk of Wall Street.
This is What the Start of the Dollar Collapse Looks Like

1 month ago | thedailydoom.com | David Haggith

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. The big thing that makes the present situation far more precarious for the dollar than any previous situation is that the trade that makes dollars desirable and even needed around the world is being seriously sucked down a vortex.