While the Democrats’ idea that Republicans are uniquely a menace to democracy is absurd, so is the Republicans’ idea that Biden is uniquely to blame for inflation. We remind readers that Donald Trump increased federal spending three-times faster than Barack Obama and 10-times faster than Bill Clinton.
World Market News - Latest Updates and Global Insights
World markets are so intertwined these days — what happens in one region of the financial markets can affect another halfway around the world.
New markets in the global space are emerging all the time. And the key to growing your wealth is looking outside the box. The world is truly your oyster.
Here’s how the world market is looking at the moment…
‘Damned Jackasses!’
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’s Too Late for Fiscal Sanity
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…
Bankman Gets Fried
US$24 billion is a lot of money for a 29-year-old. And it’s another source of sceptical curiosity. Money is meant to reflect one’s contribution — in terms of goods or services — to the wealth of others. Andrew Carnegie gave us steel. Rockefeller struck oil. What was Sam’s contribution?
Market Surge Puts Looming Materials Shortage into Focus
In today’s Money Morning, US stocks roared to life overnight as inflation finally begins to cool. Could this be the end of the bear market, or merely a bull trap? Investors need to start looking toward the next macro trend in commodities. Also, copper shortfalls could lead the way for rising materials costs…
‘Until Something Breaks’
Big companies, as well as little ones, are now sweating their interest payments. Some of them already face interest charges north of 10% — which is a lot to pay for a struggling business. One by one…tiny cracks will appear. And then, like the proverbial bull in a china shop, Mr Market will stomp on them all.
