Dear Reader, Economic growth or decline is the result of factors that are larger than any one administration or any one set of policies. Of course, specific policies such as tax changes or regulatory initiatives can help or hurt the economy depending on how they are designed, but they will generally not change the macro-momentum. […]
Latest
Bitcoin Sell-Off Will Throw Up Opportunities — Not A Repeat of 2018
After scaling to a lofty height, the cryptocurrency edged down over the last four days. For some, this might be out of self-interest, but others are deeply cognizant of a 2018 repeat…
Retail Investors, You Aren’t Children — Are You Investing or Punting?
You see, there’s a deeply psychological element to trading and investing. And some retail investors certainly approach their holdings like a punting account. However, you can bring an element of seriousness to your investing without being a value stoic…
Censorship by Big Tech Companies in the Age of Information
Today’s Daily Reckoning makes no apologies for beginning today’s note with a giant ‘FU’ to Twitter, Google and Facebook. All are complicit in limiting free speech and expression of thought. Likely you know that Donald Trump is banned from the two social media platforms above plus YouTube. But events lately are even more insidious than […]
Snowmen and the Inflation Genie — Evidence in the Commodity Markets
And away we go for another year of Reckoning! 2021 is already throwing out fireworks. There’ll be plenty more coming up too. What are the big themes of the year? Right now, it’s the tussle whether inflation is coming…or if the current chatter is just another false signal. There’s been a few of those over […]
Biden, Bitcoin, and the Future of Money — When Fiat Currency Fails
Massive spending and tax hikes will have huge implications for the future of money and the global monetary system, which is why I’m tipping Bitcoin [BTC] to beat all other asset classes again this year…
