Beyond Reckoning
As an indicator of real wealth, happiness, or progress, GDP is worthless. All you have to do to raise GDP is to invite in more immigrants. As each one buses and schleps, total output goes up.
The Daily Reckoning Australia
Gold and lithium – how two years transformed these two commodities
Amidst gold’s bull market and lithium being unloved today, I reflect on how things were reversed two years ago. But lithium and other critical metals might be recovering now. This could be your chance to jump in early…
The Real Secret of Government
The murders got the world’s attention. Hardly noticed was the economy…because, after the communist takeover, it disappeared. You could not say ‘the economy declined.’ There was no economy.
Until the Pips Squeak
One major consequence of diddling rates to the downside is that debt builds up…which will eventually cause a debt crisis and make it impossible to pay for the free stuff politicians promised.
Breaking up with China is hard to do
While business deals are indeed booming on the back of Trump’s deal making blitz, I’m not convinced they’re offsetting the pace of economic decline.
No Safety, No Surprise
Both parties now accept deficits. Both approve of more debt…and of diddling interest rates to make it easier to borrow. Both now offer the voters ‘something for nothing.’
