The Gypsy Wagon
In today’s Daily Reckoning Australia, Jim circles back to CBDCs, the different forms money can take, and whether or not this evolution is in the best interest of the investor. To find out more, keep reading…
First to Go: The Money
First to Go: The Money
Yes, dear reader, dead ahead is a ‘dark cluster decade’, when one crisis brings on another one. Prices shoot up. Shortages of food and fuel develop. Stocks crash. Recessions and or depressions begin. Your savings…your retirement…your investments…your job…your house — the whole shebang, is in danger.
Beyond Turkey
Beyond Turkey
Yesterday, the major indexes rose; the bounce continues. But it won’t save the disruptors. They’re getting disrupted anyway. Bankman is bankrupt. Carvana crashed when used car prices went back to normal. Zillow, the real estate database, was wrecked when its algorithm failed to notice mortgage rates heading back to normal. Meme stocks — like GameStop — are being un-memed. And Beyond Meat — the turkey’s great hope — is almost beyond hope.
The Most Important Price of All
The Most Important Price of All
Lower prices cause producers to cut back. Higher prices cause them to increase output. And then — what ho! — prices go down again.
The Middle-Class Delenda Est Part IV
The Middle-Class Delenda Est Part IV
Without the media’s non-stop propaganda, would he want to send his money to keep the war going on in Ukraine? Probably not. Would he approve of trillion-dollar US deficits and US$31 trillion of debt? Nobody asks.
The Middle-Class Delenda Est Part III
The Middle-Class Delenda Est Part III
We have seen that the destruction of the middle class comes about…even though it doesn’t seem to make sense. The Fed did lower rates to absurd levels, luring people into overpriced houses at underpriced mortgage rates. And then, the Fed increased rates so that millions of middle-class families would have difficulty making their mortgage payments.
The Middle-Class Delenda Est, Part II
The Middle-Class Delenda Est, Part II
Wages have been trailing inflation for 19 straight months. Diesel fuel — the stuff that powers our economy — is becoming scarce, with the average price at the pump up to US$5.35/gallon. Producer prices — as opposed to consumer prices — show a lot more inflation coming down the pike.
Barbarians Inside the Gates
Barbarians Inside the Gates
In today’s Daily Reckoning Australia, the world appears to have dodged a global hot war for now, but it’s clear that things are far from cooling down. Someone wants to escalate the situation in Russia and Ukraine. There’s big money behind it, even more, if the conflict spirals out of control. Regardless, it’s critical to safeguard yourself in such times of chaos and confusion. Where do I place my cash in such troubling times? Gold and commodity stocks. Find out why…
Empires of Illusion
Empires of Illusion
We all know that a fool and his money are soon parted. Today, we look at how they got together in the first place. And there were so many of them! The list of FTX investors is exceptionally long…and unusually illustrious. It’s a lesson in itself.
Nonsense and Fraud
Nonsense and Fraud
While the Democrats’ idea that Republicans are uniquely a menace to democracy is absurd, so is the Republicans’ idea that Biden is uniquely to blame for inflation. We remind readers that Donald Trump increased federal spending three-times faster than Barack Obama and 10-times faster than Bill Clinton.
