The Freedom Files
In today’s Daily Reckoning Australia, find out why holding off from investing in shares because the US may be in recession is not necessarily the best strategy. It’s certainly not mine…
The Fed’s Fallout
The Fed’s Fallout
In today’s Daily Reckoning Australia, as we end the year, we’ve been documenting and anticipating the demise of The Establishment. Its fiat currency economy and fake news media seek to divide, misguide, and impoverish the people. However, recent events show that their system is running out of track quickly. Its desperation to salvage the economy with rate rises and the release of The Twitter Files will crush its system. We invite you to embrace a new era of a fairer economy and good faith!
Inflation Nation
Inflation Nation
Whence cometh inflation? Today, we turn to a Nobel Laureate economist for answers. And then, appalled, we figure it out for ourselves. First, from The Wall Street Journal comes news that the feds are spending even more money that they don’t have: The Federal Deficit widened to a record US$249 billion last month At that rate, […]
SBF Arrested
SBF Arrested
Front page of The Wall Street Journal on Monday: ‘FTX Founder Can’t Explain Lost Billions’. And here’s the front-page follow-up yesterday: ‘FTX Founder Arrested in the Bahamas’. Losing a US$10 bill happens from time to time. Even hundreds of dollars can be misplaced, mislaid, or simply forgotten. But losing billions takes a special kind of nonchalance. Like […]
Until Something Breaks
Until Something Breaks
Last week came more evidence that inflation isn’t going away. Today, we explain why. From MarketWatch: ‘In data released Friday, U.S. producer prices rose 0.3% in November versus the 0.2% median forecast from economists polled by The Wall Street Journal. The increase in producer prices over the past 12 months slowed to 7.4% from 8.1% in the prior […]
A Sea of Lies
A Sea of Lies
We float on a ‘sea of lies’, says Harvard Professor Jeffrey Sachs. ‘Most of them come from the government’, he says. Remember how Donald Trump claimed he had created ‘the best economy ever’? It was a lie. The economy was getting worse, especially after ‘The Donald’ pumped an extra US$5 trillion into the economy to […]
Three Strikes, You’re Out!
Three Strikes, You’re Out!
It looks like the post-Thanksgiving shopping binge was not nearly as successful as hoped. Here’s The Wall Street Journal: ‘Sales at bricks-and-mortar stores over Thanksgiving weekend fell short of prepandemic levels and were behind last year’s totals, another sign that Black Friday is losing its status as the crucial kickoff to the holiday-shopping season. ‘It used […]
Bye-Bye Bubble World
Bye-Bye Bubble World
In today’s Daily Reckoning Australia, as mining stocks and commodities start to break past levels reached in that ‘once-in-a-generation’ boom from the early 2000s, James asks the question…why isn’t the market getting more excited? James explores the reasons and highlights why this is your opportunity to enter before mainstream enthusiasm catches on.
Two Roads Diverge…
Two Roads Diverge…
In today’s Daily Reckoning Australia, Jim concludes this series of articles on currency and the evolution thereof by again warning readers of the dangers of digital currency — this time in relation to economic bubbles. Keep reading to find out more…
Angels and Devils
Angels and Devils
In today’s Daily Reckoning Australia, the grim reality of crypto seems to have finally arrived. While it was flying high a year ago, sentiment has now turned completely sour. Yet, all of this (and what’s to come with cryptos) was foreseeable years ago. The ONLY thing you cannot foretell is ‘how long the con can be maintained’. Read on…
