Decline and Fall
Our beat here is money. But money woes often come in a ‘cluster’ of other troubles. In our opinion, the introduction of the fake US dollar — in 1971 — was really the beginning of the US’s great decline
Macroeconomics: Global Central Banks News & Highlights
The Middle Class Squeeze
The fiscal and monetary policies of the last two decades were exceptional. As we saw, above, they cost the middle class a lot of money. The aforementioned US$7,400 is just the most recent and most obvious tab. Our own calculations show that the common working man has not had a real raise in nearly 50 years.
Debts, Deficits…and Death to the Middle Class
We expect the Fed to continue its rate hikes until one of two things happen: A big bankruptcy, crash on Wall Street, or other financial emergency will cause the Fed to panic and ‘pivot’ towards lower rates. That is our hypothesis number one: that the Fed will continue to raise rates ‘until something breaks’.
Take a Trip with Jim Rickards — Part Two
In today’s Daily Reckoning Australia, Jim Rickards continues his series of articles linking economies around the world. We begin our travels in the US and EU. Keep reading to find out more…
The Debt Ceiling Debacle…
Washington wags are saying that the ‘conservatives’ will insist on budget cuts before agreeing to increase the debt ceiling. But they say that every time the ceiling is raised. And in the end, the ceiling is raised without any real constraints on federal spending.
Prepare Now and Avoid a Portfolio Disaster in 2023!
In today’s Daily Reckoning Australia, we’ve been at the edge of our seats for a long time, waiting for the corrupt economic system to face its reckoning. And I’ve been saying for over a year that things are turning around to a point where we’re finding out that we’re on the right side of history. It’s difficult to foresee exactly how things will play out. But it’s prudent to prepare for a rough ride ahead. And I know just the man that can help you with that…
