Archive for Daily Reckoning
Turning Japanese
The happiest days are the saddest; the easiest times are the hardest; vacations are when the real work is done. Most of the year, we keep our heads down…working, going to school, doing what we must do. Then, on vacation,…
21Aug2008 | Daily Reckoning | 0 comments | ContinuedREALITY BITES AGAIN
The U.S. had taken advantage of temporary confusion in Russia, during the ten-year-long post-Soviet-collapse interval, and set up a client government in Georgia, complete with military advisors, sales of weapons, and even the promise of club membership in the Western…
20Aug2008 | Daily Reckoning | 0 comments | ContinuedThe Worst is to Come
Today, we take a break. Yes, dear, dear reader…there will be little reckoning today. Short Fuse will write tomorrow’s issue - and then The Daily Reckoning is taking the rest of the week off, as Fuse and Addison are traveling…
20Aug2008 | Daily Reckoning | 0 comments | ContinuedUNEMPLOYMENT SURVIVAL GUIDE
Judy Stark, the Homes and Garden editor for the St. Petersburg Times, writes that it is a “sign of the times” when a local county-sponsored workshop on vegetable gardening has suddenly hit the 200-person capacity of the room.
She says that…
19Aug2008 | Daily Reckoning | 0 comments | ContinuedThe Word on the Street
A lot to talk about today…
The “word” on the street is “subprime.” According to the American Dialect Society, it’s the most important new word this year. Along with “jingle mail,” “exploding ARMs” and “liars’ loans,” it came into the popular…
19Aug2008 | Daily Reckoning | 0 comments | ContinuedSugar Daddy God
The Feast of the Assumption of the Blessed Virgin
It’s “an empire ending problem,” says Robert Zubrin.
He’s referring to the outflow of capital from the United States of America to the oil exporting countries. OPEC now takes in more cash than…
18Aug2008 | Daily Reckoning | 0 comments | ContinuedHOW TO CALCULATE YOUR OWN GOLD PRICE PROJECTION
More than any other commodity, gold’s price rises (and falls) with demand from investors; the demand from consumers and industrial users is very much a secondary consideration. Or to put it another way, what ultimately controls gold is mass psychology.
If…
15Aug2008 | Daily Reckoning | 0 comments | ContinuedThe Plot Thickens…
The trouble with following the financial news is that there is so much of it. Everyday brings news information, new facts, new theories - dozens of them. The financial news becomes like a dense Russian novel, with so many characters coming…
15Aug2008 | Daily Reckoning | 0 comments | ContinuedBLUE WATER ENERGY - THE OFFSHORE OIL BOOM
The Adventures of Tintin is a comic book series started back in 1929. My 9-year-old son loves it. I enjoy reading it along with him because the hero of the series, a young Belgian reporter named Tintin, often finds himself…
14Aug2008 | Daily Reckoning | 0 comments | ContinuedEND OF AN ERA?
There is no doubt in my mind that since the early 1970’s the global economic boom has been largely financed by an ever-expanding quantity of money and credit. Once gold was removed from the monetary system in 1971, central banks…
13Aug2008 | Daily Reckoning | 0 comments | ContinuedCan You Spell “Sound Money”?
We are on vacation.
And so is the rest of France. The little church was crowed yesterday, mostly with Parisians and their children. It was also the 50th wedding anniversary for a friend…a retired army colonel and his wife. But the…
12Aug2008 | Daily Reckoning | 0 comments | ContinuedThe Absent-Minded Credit Cycle
The next big trend, dear reader…
It’s coming. Consumers - especially the baby boomers - are about to change their way of looking at things. And when Bernanke & Co. realize what is happening, they will greet the new trend like…
11Aug2008 | Daily Reckoning | 0 comments | ContinuedVERY MODEST GOOD NEWS
I can see some - albeit very modest - improvement for the US stock market. For one, it appears that the slowdown and problems in other economies, such as the UK (a disaster waiting to happen), Italy, Spain, and Ireland,…
7Aug2008 | Daily Reckoning | 0 comments | ContinuedFinancial Correction Center
“Fed keeps short-term interest rate at 2%”, says today’s big financial headline. Stock market investors loved it. They bid up the Dow 331 points. “The correction is over,” they seemed to say.
The Bernanke team knew it would be damned for…
7Aug2008 | Daily Reckoning | 0 comments | ContinuedTHE HALF AND HALF IN YOUR ECONOMIC COFFEE
Peter Schiff of Euro Pacific Capital writes, “The grim reality is that trillions of dollars were borrowed and spent that will never be repaid. No government program can alter that fact. Someone is going to have to pay the piper…
5Aug2008 | Daily Reckoning | 0 comments | Continued-
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