In the first of this series, I discuss the linchpins of China’s economy and show how cheap oil plays a crucial role to secure its status as the world’s manufacturing powerhouse. The latest developments in Iran and Venezuela could threaten this.
The Daily Reckoning Australia
Murphy’s Lawlessness
A conservative is someone who distrusts government power; he believes government should always be subordinate to the writ of Moses and the Grand Convention of 1787.
School for Scoundrels
The US seems to be split into two camps — each viciously opposed to the other. There are those who love the Big Man, almost no matter what he says or does. And there are those who despise him.
Wrong again, dimwits
This was the most important turning point in recent financial history. Forty years of falling interest rates…and the biggest boom in stock market history…were over.
Inside the alt-right plot to take over Australia too
Six of the world’s eight largest economies are led by populists, or on the cusp of it. Can Australia dodge the same fate? Investors shouldn’t bet on it…
The Dollar Has Claws
We never know exactly what History has in mind; but we doubt she intends to Make America Great Again by acts of violence and over-spending led by the numbskulls in Washington.
