At what point does populist politics become a problem for investors?
Remember that famous billboard ad by Manhattan Mini Storage? ‘The French aristocracy didn’t see it coming either.’ Well, a socialist is the mayor of New York today…
The Daily Reckoning Australia
Dogs of the Dow
It is not possible for corporate revenues…wages…or federal spending to grow much faster than that for very long. And even that GDP number is a bit of an imposter.
A $58 Trillion ‘Big Loss’
It’s the end of the week. What have we come to? The surface chop — the ‘news’ and opinions — keep coming.
Wall Street’s Fake Beer
This is not about making real money…or adding real value. This is the foam on an estimated $45 trillion worth of fake beer on Wall Street.
Easily Squeezed
Look for higher interest rates. Savings that might have been used to fund past borrowing must now be directed to current expenses. Lenders begin to think their money might be safer at home.
A system reset has begun, but not the way we thought
The world continues to focus on an elusive negotiation between the US, Israel and Iran to open the Strait of Hormuz. Meanwhile, something else happened that changed the oil market for good…
