One of Obama’s prime campaign planks has been his promise to mercilessly raise taxes on the “rich,” a group initially defined as those making more than $250,000 per year. This was later dropped to $200,000 per year, and more recently has been defined as those Americans making more than $150,000 annually.
November 6th, 2008 | 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.
The Rise in the Dollar Doesn’t Have Everyone Convinced
Byron steered the conversation to what he believed is the REAL story: the dollar strengthening for 8 weeks…
September 8th, 2008 | The Daily Reckoning | 0 comments | Continued
Unemployment Rate at a Five Year High
The Labor Department reported today that the United States lost more jobs than forecast for August and that the unemployment rate rose to a five year high…
September 8th, 2008 | The Daily Reckoning | 0 comments | Continued
Optus Blocking e-Mail from the Daily Reckoning Australia
If you signed up to receive the Daily Reckoning Australia via e-mail and are optusnet.com.au, optushome.com.au or optusnet.com, please note that we have been unable to deliver your messages to you because your internet service provider has been rejecting our email since May of 2008.
August 20th, 2008 | The Daily Reckoning | 7 comments | Continued
Reader Mail: Oil, Energy, Growth, Future of the Planet and More
Dear Dan, Your answer (June 7) to the subscriber who questioned the need for rampant growth, is just appalling and quite mad.
July 9th, 2008 | The Daily Reckoning | 0 comments | Continued
RBA Leaves Rates Unchanged, Rio Wraps Up Negotiations
The Reserve Bank of Australia isn’t moving rates up yet. The Bank left them at 7.25% after meeting yesterday in Sydney. Later this month it will review CPI data. But for now, the Bank seems satisfied that its rate-hike campaign has slowed demand in the Australian economy.
July 2nd, 2008 | The Daily Reckoning | 0 comments | Continued
Australian Dollar Set to Grow for the Remainder of 2008
The Australian dollar is as strong as it’s been since the beginning of the commodities boom. It takes just one dollar and five Australian cents to buy the greenback. The latest move probably comes as traders read the inflation tea leaves and do not see the Reserve Bank cutting rates this year. If the CPI data show official prices growing above the 3-4% range, then for the rest of 2008 the Australian dollar is going to enjoy a significant yield advantage.
April 23rd, 2008 | The Daily Reckoning | 2 comments | Continued
RBA Buys $780 Million in Residential Mortgage-Backed Securities
The Reserve Bank of Australia bought $780 million in residential mortgage-backed securities earlier this week. It was the same day all the financial shares rallied. What does it mean? Well, it means that the RBA is trying to loosen up the Aussie mortgage market by buying residential mortgage-backed securities and owning them for much longer periods than it was previously willing to do.
April 23rd, 2008 | The Daily Reckoning | 4 comments | Continued
General Electric & Lift Capital Usher in Rough Start for ASX
The Aussie market was doomed before trading began today with Friday’s shock result by General Electric (NYSE:GE) in New York. General Electric is a world-class jet engine maker. It’s also a shameless money-lender. But it’s the collapse of yet another Australian broker, Lift Capital and its 1,600 clients, which threatens to swamp the Aussie market this week. We are finally learning just how many people bought their way into the boom with borrowed money.
April 14th, 2008 | The Daily Reckoning | 2 comments | Continued
Big Gold Editors Interview Famous Contrarian Doug Casey
Doug Casey: The fact that gold has moved above its 1980 high is meaningful only in an academic way; today’s dollar is worth only a fraction of a 1980 dollar. From here on, it’s best to avoid thinking about anything just in terms of dollars. What’s developing now is likely to be the biggest monetary crisis of the past 100 years…
April 2nd, 2008 | The Daily Reckoning | 4 comments | Continued