Dear Reader, Under normal government statistical methods, you are only considered unemployed if you don’t have a job and are looking for one. But, if you don’t have a job and are not looking for one (either because of COVID, school closings, or no available jobs match your skills), then you are not technically ‘unemployed’. […]
Interesting Times
Friends sometimes offer the old intention, ‘May you live in interesting times’. After taking a beat, they quickly add, ‘That’s not a blessing, it’s a curse’. Of course, it’s not intended as either; it’s an ironic take on the news of the day. However intended, it’s certainly true. We are living in most interesting times. […]
A Problem Even Worse than the Pandemic
I hope you have enjoyed my recent editions of The Daily Reckoning Australia. I have tried to cover some of the most important FAQs on topics from central banking to the pandemic, demographics, emerging markets, gold, and more.
Pandemic-Related Questions for the Future of the World Economy
While the pandemic has had a lasting impact on the world economy, other factors still influence things. In my next issue of The Daily Reckoning Australia, I let you in on a problem that might be even worse than the pandemic…
The Difference Between Economic Depressions and Recessions
Next time I’ll look at how COVID will impact the economic future of the world. It’s another area with some big questions, the answers of which are vital to you as an investor.
The Real Lender of Last Resort
Pierpont Morgan died the same year the Fed was created. There has been no real lender of last resort ever since. The financial system is on a high wire with no net. And the wire is going wobbly.
A Miserable Outlook
The miserable outlook for the world’s most important economy The Biden economic program — of more spending, higher taxes, more regulation, open borders, and a war on fossil fuels — is coming.
A Miserable Outlook
The miserable outlook for the world’s most important economy The Biden economic program — of more spending, higher taxes, more regulation, open borders, and a war on fossil fuels — is coming
Is the Federal Reserve the World’s Lender of Last Resort?
The Second Bank of the United States had a 20-year charter from 1816–36. The Federal Reserve System was created in 1913 and exists today.
Winners and Losers from Demographic Change
There will be winners even in those economies most challenged (except for China, which has rule of law deficiencies and will have political turmoil in addition to the demographic challenges).
