A 10 year chart of the S+P is probably the most interesting chart for showing the overall market dynamics at the moment. And though the S&P 500 tracks America’s 500 biggest stocks, it’s usually a good proxy…
November 20th, 2009 | The Daily Reckoning | 0 comments | ContinuedArchive for The Daily Reckoning
The Daily Reckoning offers an independent and critical perspective on the Australian and global investment markets. Slightly offbeat and far from institutional, The Daily Reckoning delivers you straight-forward, humorous, and useful investment insights from a world wide network of analysts, contrarians, and successful investors. Founded in 1999, The Daily Reckoning is published in 7 countries with a worldwide readership of almost 1 million people.
Plan to Survive 2009
Editor’s Note: In today’s essay space, we bring you comments from fellow Daily Reckoning readers on how they will survive and prosper 2009. Inflation, deflation, depression, recession, there is a plan for all seasons!
April 23rd, 2009 | The Daily Reckoning | 9 comments | Continued
Recovery for the Real Estate Market
Sure, we’re not out of the woods yet, not by any stretch of the imagination. But facts are facts, and the recent market action bears that out: We’re moving in the right direction… especially in one of the most important sectors – real estate.
April 9th, 2009 | The Daily Reckoning | 8 comments | Continued
The Law of Supply and Demand is Not Dependant Upon Congress
For us, it applies heavily to the advances of government into the field of business. It only makes sense: the occupants of the White House and the Capitol have done such a good job with their budgets over the years, they just want to help everyone else (over the cliff, that is).
April 2nd, 2009 | The Daily Reckoning | 1 comment | Continued
The Threat of Hyper-Depression
At this stage nothing is certain, but the country is currently headed straight into a period of very rapid price hikes and a very bad recession. It would not surprise me at all if the national unemployment rate and the annualized rate of consumer price inflation both broke through into double digits by the end of 2009.
March 26th, 2009 | The Daily Reckoning | 4 comments | Continued
Downsizing America
For the past couple of years, I have been giving a speech at conferences titled Downsizing America. It discusses a fact of life: America’s economy is getting a little smaller. This “shrinkage” is likely to be a secular – as opposed to cyclical – set of changes.
March 25th, 2009 | The Daily Reckoning | 1 comment | Continued
The Collapse of 2009
Because most people don’t live and shop on Wall Street, the “Panic of ‘08″ was viewed by Main Street as if from afar – even though many were losing money. But when commercial real estate crashes it will hit much closer to home. The depressive atmosphere of thinly shopped, half- vacant malls will strike emotional chords and all the senses.
March 20th, 2009 | The Daily Reckoning | 5 comments | Continued
The Benefits of Sound Money
Can sound money really bring about peace? Actually, it plays a big part in peaceful international relationships. Money based on commodities, rather than paper, is not subject to government manipulation, and is a key component to free and honest trade. History shows that if countries engage in trade with each other, their governments tend to find ways to get along for the same reason you do not kill your customers at your place of business, even if they occasionally annoy you.
March 13th, 2009 | The Daily Reckoning | 5 comments | Continued
Trouble In Tokyo
Tokyo reported terrible GDP numbers a few weeks back. The U.S. dollar was spurred by this report, moving 5 whole cents, from 93 and 1/2 to 98 and 3/4. But believe it or not, the news is still working magic in the market.
March 5th, 2009 | The Daily Reckoning | 1 comment | Continued
Should You Put Gold Into Your IRA?
You can make the same tax-deductible contribution each year to a gold IRA as with any other IRA. The current limit is $5,000, or a “catch-up” limit of $6,000 for those 50 and over. Custodians generally set their minimum initial investment at that $5,000 mark but will accept smaller subsequent contributions.
March 4th, 2009 | The Daily Reckoning | 1 comment | Continued