The Pandemic of Money Printing
While Australia frets about a few hundred daily COVID-19 cases, the covid death toll here in the UK was revised down by 5,000. Yes, down.
Is the Gold Boom Out of Control? Or Just Beginning?
Is the Gold Boom Out of Control? Or Just Beginning?
Just in case you needed one, today’s Daily Reckoning Australia gives you another reason to be thankful you’re not an American.
Tyranny of the Denominator Dominates
Tyranny of the Denominator Dominates
Dear Reader, Today’s topic is about a book written by an economist named Russ Roberts. It doesn’t exist yet and he doesn’t even know he’ll write it, but he should. The book will be about the most important lesson he has taught me. And, after listening to him for an hour each week for 14 […]
Higher House Prices Are Just More Debt
Higher House Prices Are Just More Debt
Nothing is so permanent as a temporary government program, Milton Friedman once said. And he should know, as President Reagan’s economic advisor.
The Impossible Level of Debt and the Improbable Way It’ll Be Repaid
The Impossible Level of Debt and the Improbable Way It’ll Be Repaid
The first book about finance I ever read was about the US government debt. It’s unsustainable and will lead to a crisis if we don’t reform, the book informed me. About 15 years later, with a zero tacked onto the end of the problem, there still hasn’t been a reckoning. Heck, interest on US government […]
How Your Savings Are a Government’s Plaything
How Your Savings Are a Government’s Plaything
The gold price in US dollars is breaking out as I write this. After months stuck in a sideways range, is this the move upwards we’ve been waiting for, at last?
The Great Reset Sets Up the Davos Accord
The Great Reset Sets Up the Davos Accord
Jim Rickards was right about many things in his career. Perhaps because he was on the front lines of history for much of that time.
Is Australian Destined for a Commodity Comeback?
Is Australian Destined for a Commodity Comeback?
It shows the Goldman Sachs Commodity Index divided by the Dow Jones Industrial Average.
Yes, I know what you’re thinking. What sort of twit thinks this best determines where to live…?
COVID-19 Unmasked at Last… We’re the Sceptics Right?
COVID-19 Unmasked at Last… We’re the Sceptics Right?
On Wednesday, my mum was interviewed by her local newspaper as she left IKEA. ‘What brings you to IKEA during a time like this?’ the journalists asked her. The implicit question was how she could be dumb enough to risk her life for furnishings. She gave quite an answer, which I don’t know how to […]
Deferring Doom Doesn’t Work
Deferring Doom Doesn’t Work
Governments and central banks around the world are busy forestalling. The question is whether it’s the inevitable. Job losses, bankruptcies, mortgage defaults, corporate bond defaults, austerity or sovereign debt defaults, and plenty more. Does delaying them lead to avoiding them in the end? I’m not so sure, either way. But we’re going to find out […]
