Tale of Two Disruptors, Part II
The chief causes of America’s malaise were largely ignored. As we predicted, after only four months, Elon Musk is already out of the picture. So are the budget cuts needed to bring the deficit down.
The Daily Reckoning Australia
Buy oil when there’s peace in the streets
While stocks have recovered from the tariff tantrum, the oil price remains in the doldrums. And that means investors can still join the relief rally at a discount.
Tale of Two Disruptors
The pattern is always the same. An elite gains control of a government. It tightens its grip and becomes more corrupt and incompetent, as well as further removed from The People it is meant to serve.
In the DOGE House
The Congressional Budget Office’s baseline figures told us the feds will collect $67 trillion in revenue over the next ten years and spend $89 trillion. That would give us a debt of $58 trillion.
Tomorrow’s News
America’s ‘national’ debt rose from less than $6 trillion in 2000 to over $37 trillion now. The US trade deficit rose to $1.1 trillion over the last 12 months — 10 times more than it was in 2000.
How Australians voted for a great wealth redistribution
Australians recently voted back a stronger ALP government. Amidst the excitement that this could bring more cohesion and stability, do Australians know what they actually voted for? Are they prepared for what’s to come?
