America’s Yard Sale
Oil may sell for $100 a barrel, delivered to the refinery. But it may cost more than $100 to deliver it. That’s why most of the world’s oil ‘reserves’ remain in reserve.
The Daily Reckoning Australia
Misleading Voters in the Customary Way
When the financial world begins to shake and shimmy, lenders become cautious. They’re no longer concerned so much about the rate of return ON their money; they worry about the return OF their money.
Think Bessent failed? Let’s re-examine the calls for US$200 oil
Shortly after Treasury Secretary Scott Bessent announced an increase in bond buyback limits, the bond yield bounced. Some commentators already concluded this move had failed. Today I examine this by comparing it to experts who predicted US$150-200 oil during the US-Iran conflict…
Truth Will Out
The truth comes out. That’s what busts are for. You can’t make people richer by printing more pieces of paper or lowering their interest rates. Those truths are only whispered softly at the beginning.
The Old Barkers’ Con
Prices — including the price of credit — are primarily information. They signal the relationship between money available for lending and the demand for loans.
How Australia’s mortgage fraud scandal could blow up the banking system
Hidden beneath Australia’s housing bubble is a scandal so shocking it cannot be exposed. But the journalists and financial regulators are getting ever closer to the dangerous truth.
