At today’s price, if you have 17 and a half ounces of gold, you can buy all the stocks on the Dow. That’s the same price as August 1929 and May 1962, etc. From 1929–2021, apart from dividends, investors made no progress in 98 years.
The Federal Reserve’s 25 basis point hike overnight has delivered some surprising market reactions. Investors are betting big on Powell to pivot in the latter half of this year. That could impact the chances of a ‘soft landing’. In fact, it may already be too little, too late…
Federal Reserve warns the job’s not done, flags more rate rises. Meta, Peloton, and Carvana surge.
Mesoblast shares soared 10.5% for a list of updates pertaining to the company’s Remestemcel-L, including a biologic licence application and new data for the product’s effectiveness in improving inflammatory biomarkers and survival.
In today’s Daily Reckoning Australia, Jim Rickards continues his series of articles on economies around the world. We continue our ‘travels’ with Jim in China, the UK, and Japan. Read on to find out more…
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
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