Wow…Wall Street popped up yesterday after the latest inflation number came in at 7.7%…only 50 little basis points below the last inflation reading. But watch out. Mr Market is a trickster. During a long bull market — say, from 1982–2021 — his occasional sell-offs shook out investors. Later, they had to buy back in at […]
In today’s Money Morning, what makes the modern world tick? Yes, oil is vital. But so, too, are semiconductors. In fact, chips are the backbone of the modern world. Most of the world’s GDP is produced with devices that rely on chips. You could say the new oil isn’t big data or lithium — it’s chips.
We sat in the waiting room as our truck was being serviced, listening to the conversation around us. And with the midterm elections winding up in the usual mix of comedy and disgrace, ‘The People’ try to make sense of it.
It was never ‘true’ proponents of crypto who promoted SBF or FTX.com. Sure, some crypto industry grifters played their part. But in large parts, it was the mainstream media who gave him and his dodgy exchange credibility in the wider world.
In today’s Daily Reckoning Australia, Callum investigates why gold stocks are rallying, how the US dollar and oil have changed in a major way, and the most important presentation you could see this year!
In today’s Daily Reckoning Australia, for decades we’ve borrowed money to goose GDP. But it didn’t work very well. Debt outgrew GDP. And now debt-to-GDP ratios are at unaffordable levels. With bond markets wobbling, is the solution to borrow less? Well, what’d that do to GDP? Read on to find out…
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