An 89% average salary increase in Argentina did nothing to abate workers losing purchasing power to inflation in 2022. Inflation is a real wealth killer, a hidden tax. So why do governments use it? Well, for them, inflation has a silver lining. Read on for more insight, as well as how to protect your wealth from this debilitating system…
Imagine that you bought a nice coat that would last the rest of your life. You add a one-time purchase to GDP. But imagine that the quality was so bad that you needed to buy a new coat every year. Voila…now you’re giving a boost to GDP every year.
Having a clear, well-thought through plan is absolutely critical to surviving (and eventually thriving from) a market intent in correcting the greatest period of excess in history. The Fed’s actions, and those of investors who believed this flawed institution was omnipotent have consequences.
Most companies have wrapped up their half-year results, including the Aussie retailers. What do their results suggest about the financial health of the consumer? Read on to find out…
Statistics and stereotypes are the bread and butter of public policies. In the US, the Biden Administration has just ordered a campaign of ‘racial equity’ for the federal government.
Today’s Daily Reckoning Australia looks into the housing market, at least via the stock market. It’s certainly not booming, but the outlook doesn’t appear as dire as some would have you believe. Plus, where else might we look for an investment opportunity? Read on to find out…
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