Ugly Prices
Stock prices are ‘mean reverting,’ which is to say that they always go back to a ‘normal’ range. And when they are extremely overvalued as they are today, they have a lot of ground to cover (losses!).
The Daily Reckoning Australia
Investment fads keep dying before I can profit from them
By the time I’ve figured out how to profit from the latest government-driven investment boom, it suddenly ceases to exit. How can politicians be this fickle?
Who led the Oligarchic Revolt of 375 BC?
That is the essential insight of the classics – that there may be progress in man’s material world, but not in his intellectual world. Ideas come and go… and then come again.
Banana Republic Prices
The US has become a banana republic without the bananas. The practical importance: shouldn’t its capital assets — its stocks and bonds, primarily — be marked down to banana republic levels?
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.
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…
