SubscribeArchive for Daily Reckoning
LAST DITCH
Why do the big deals always happen over the weekends? So the big boyz in government and finance can take off their neckties when they…
11Sep2008 | Daily Reckoning | Comments Off | ContinuedInvesting in the Age of Scarcity
“Gastown, Vancouver’s oldest neighborhood…founded on the shoulders of desperate alcoholics by an entrepreneurial bar owner.”
- Anthony Bourdain, No Reservations
It might be too much to say…
10Sep2008 | Daily Reckoning | Comments Off | ContinuedDon’t Steal…the Government Hates Competition
‘Taxpayers take on trillions in risk,’ says the headline in yesterday’s USA Today.
‘You can call it a bailout, you can call it a safety net…
10Sep2008 | Daily Reckoning | Comments Off | ContinuedThe Fall of the Giants
Back on the job…
USA Today was in a blue mood on Friday. The stock market fell more than 300 points the day before, after its…
9Sep2008 | Daily Reckoning | Comments Off | ContinuedTHE REAL COST OF A FULL BAILOUT
A recent study from the Congressional Budget Office (CBO) has zero credibility. It pegged likely taxpayer losses in the Fannie Mae and Freddie Mac bailouts…
5Sep2008 | Daily Reckoning | Comments Off | ContinuedAvoidance Tactics
Not much action in the markets yesterday…but we don’t have any time to reckon with it anyway.
Gold plunged all the way down to $806. Now…
5Sep2008 | Daily Reckoning | Comments Off | ContinuedTHE BATTLE FOR INVESTMENT SURVIVAL
An introduction to the principle of compound interest shows that, an investment that returns a 5% or even 3% rate, over centuries, eventually attains a colossal…
4Sep2008 | Daily Reckoning | Comments Off | ContinuedThe Return of the Greenback?
Bill is somewhere over the Atlantic today, traveling from London to Maryland for a publishers ‘jamboree’. Alas, we will power on…
Crude oil extends its price…
4Sep2008 | Daily Reckoning | 1 comment | ContinuedIneluctable Truths
Aiy! We arrived in London this morning, greeted by a dark sky, rain, and wind. Ah, the summer…we hardly knew ye…
What a delightful summer it…
3Sep2008 | Daily Reckoning | Comments Off | ContinuedAnd the Last Shall be First
What are we reckoning with today?
“Market buoyed by strong GDP report,” says a headline.
Yesterday, the Dow managed a strong rise – up 212 points. Oil…
1Sep2008 | Daily Reckoning | Comments Off | ContinuedWELCOME TO A TRILLION-DOLLAR DEFICIT, MR. PRESIDENT
If you are a typical citizen, you like deflation. You want your wages and investment income to stretch as far as possible. Falling prices, or…
29Aug2008 | Daily Reckoning | Comments Off | ContinuedSame Old Mistakes, Different Day
The Dow rose 89 points yesterday. Oil rose to $118…and has almost reached $119 this morning. The reason given for oil’s rise is a storm…
29Aug2008 | Daily Reckoning | Comments Off | ContinuedDon’t Think About White Elephants
Oil rose to $116 yesterday. The Dow gained 26 points. Gold went up too – to $829.
After the biggest spending and borrowing binge in history,…
28Aug2008 | Daily Reckoning | Comments Off | ContinuedSpreading the Slowdown
“Wall Street, central bankers, economists, politicians – and most investors too – are betting on a soft landing,” said a friend from New York. “A…
27Aug2008 | Daily Reckoning | Comments Off | ContinuedThe Golden Value of Reliable Numbskulls
What’s going to happen to the mortgage twins – Fannie and Freddie? Yesterday, investors got nervous. They wanted to know. Would the feds officially nationalize…
22Aug2008 | Daily Reckoning | Comments Off | ContinuedTurning 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…
21Aug2008 | Daily Reckoning | Comments Off | Continued
Loading ...
