As if the debt ceiling debate were not complicated enough, Congress and the White House are also battling over the budget for fiscal 2024, which begins on 1 October 2023.
Will the US Default on Its Debt? — Part Two
The debt ceiling is really a political football rather than a serious macroeconomic policy tool. In the end, Congress always approves the ceiling increases. In a way, the debt ceiling debate is all for show.
Will the US Default on Its Debt? — Part 1
It has been a few years since we took a close look at Modern Monetary Theory (MMT). We first sounded the alarm in 2018 and warned readers again in 2021.
China Is Broken — Part Three
Editor’s Note: This is part of a recent series of articles from Jim Rickards. For parts one and two of this series, click here and here .
China Is Broken — Part Two
Jim Rickards continues his discussion on the biggest and most complex topic on the geopolitical landscape today — China. Last week, he explained how China has fallen victim to what economists call the ‘middle income trap’. Today, Jim looks at the three key factors that are driving China’s wavering economic position…
China Is Broken — Part One
After devoting recent issues of The Daily Reckoning Australia to topics such as US politics, the Federal Reserve, the situation in Ukraine, and even the threat of nuclear war, Jim Rickards comes to the biggest and most complex topic on the geopolitical landscape today — China. Today, Jim discusses how China has fallen victim to what economist call the ‘middle income trap’…
Sleepwalking Down a Road to Armageddon — Part Three
Today we complete this series of articles from Jim Rickards, which delves into the war in Ukraine and its implications. If you missed part one and two of this series, check them out. In this final part, Jim explains how the discussion of nuclear war is casual, almost flippant, and carries none of the seriousness with which the topic was formerly addressed. As a result, we are not preparing ourselves adequately for the reality that lays before us…
Sleepwalking Down a Road to Armageddon — Part Two
Today we continue this series of articles from Jim Rickards, which delves into the war in Ukraine and its implications. If you missed part one of this series, you can read it here. In this part, Jim outlines how the threat of this escalating to a nuclear war is there, as well as the severe impact such an escalation could have on the world. Read on…
Sleepwalking Down a Road to Armageddon — Part One
This is the start of a new series of articles from Jim Rickards, which will delve into the war in Ukraine and its implications. Today, Jim outlines the stark differences between the narrative we’re being told about this war and the reality of what is actually going on. Read on…
Protecting and Profiting Strategies in a World Turned Upside Down — Part Three
Jim Rickards completes this series of articles on the interconnectedness of politics, the economy, and society by delving into what investors can do to prepare for the dire road ahead. The economic consequences of this global contraction can be foreseen, and well-advised investors can preserve wealth and potentially even profit from the resulting disruptions. Read on to find out how…
