We have seen that the destruction of the middle class comes about…even though it doesn’t seem to make sense. The Fed did lower rates to absurd levels, luring people into overpriced houses at underpriced mortgage rates. And then, the Fed increased rates so that millions of middle-class families would have difficulty making their mortgage payments.
In today’s Daily Reckoning Australia, Elizabeth Holmes and Sam Bankman-Fried seem to both be tarred by the same brush. Their glossy veneers hide the ugliest of ugly truths…scams. But even bona fide investments can get caught in a lie. So which ones should you trust? Read on to find out…
The dispute between lithium developer Lake Resources [ASX:LKE] and technology partner Lilac Solutions has finally come to an end, with both parties signing an amended contract and putting the issue of conflicting milestones to bed.
Wages have been trailing inflation for 19 straight months. Diesel fuel — the stuff that powers our economy — is becoming scarce, with the average price at the pump up to US$5.35/gallon. Producer prices — as opposed to consumer prices — show a lot more inflation coming down the pike.
In today’s Money Morning, what’s the best-performing stock of the past few decades? The answer might surprise you. But if you have one eye on the future, you can use short-term market moves to your advantage. I finish today’s piece by looking at one sector I think is a screaming ‘buy-the-dip’ candidate…
ASX ends Monday 0.17% down. Lake and Lilac resolve timeline dispute. FTX owes largest creditors over US$3 billion as bankruptcy process begins.
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