In today’s Money Morning, the stunning rise of New York City was an unlikely story. Control over trade flows propelled its rise. But it was its eventual control over money flows that cemented it, not just in the US but around the world. However, this power is now under threat. A ‘new’ New York is rising up. And the powers that be don’t like it…
In today’s Daily Reckoning Australia, every box would’ve been ticked back then…double-digit inflation forced them to take action…and what happens next?
In today’s Money Weekend, Murray says it feels like Christmas has come early for the markets, meaning there is little volume in equities right now. He also says next year is looking pretty cloudy for the markets, so he’s feeling less than bullish. To find out more about his take on where the markets could go, watch this week’s ‘Closing Bell’ video…
Yesterday, the major indexes rose; the bounce continues. But it won’t save the disruptors. They’re getting disrupted anyway. Bankman is bankrupt. Carvana crashed when used car prices went back to normal. Zillow, the real estate database, was wrecked when its algorithm failed to notice mortgage rates heading back to normal. Meme stocks — like GameStop — are being un-memed. And Beyond Meat — the turkey’s great hope — is almost beyond hope.
In today’s Money Morning, FTX’s implosion has declared open season on crypto-bashing across the media…how CME Group CEO, Terry Duffy, is trying to turn the heat on regulators…why his latest gaff may be more telling than any of his damning rhetoric…and how crypto will come out of this stronger than ever…
In today’s Daily Reckoning Australia, it’s about to get worse…they want to track your spending and silently tax you by linking you to a centralised digital system…there’s mixed opinions, even among those at Fat Tail Investment Research…and what’s making me hesitant now…
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