It isn’t often that there is standing room only at a presentation on the future of the Japanese economy. But that’s what I found when I arrived, admittedly a tad late, at the Edinburgh International Conference Centre to listen to Dylan Grice.
February 11th, 2012 | 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.
Vulnerable to External Influences – The Economic State of Australia (Part II)
The commodity boom has created a “two track” economy. The mining and commodity boom benefits a small part of the economy whilst simultaneously creating problems for other parts. The mining and energy sector account for less than 10% of the Australian economy.
February 10th, 2012 | The Daily Reckoning | 1 comment | Continued
Vulnerable to External Influences – The Economic State of Australia (Part I)
Australia’s future is inextricably linked to China and the commodity “super boom”. Australian economic prospects remain vulnerable to international developments outside its control.
February 9th, 2012 | The Daily Reckoning | 2 comments | Continued
Stock Market Hindsight Versus Market Foresight
Occasionally we receive comments along the lines of ‘you try to push the market lower’ or ‘talk the market down’. Some mistake our realism for grumpiness. Or assume we just don’t like it when the stock market goes up. While flattering, we must admit we have no control over the stock market whatsoever.
February 9th, 2012 | The Daily Reckoning | 0 comments | Continued
Why Europe’s Plan to End the Debt Crisis Can’t and Won’t Work
The actions need to try to stabilize the European debt crisis are well recognized. But Even if measures could be implemented as soon as possible, success is not assured. However without them, the chance of a disorderly collapse is increasingly significant.
February 8th, 2012 | The Daily Reckoning | 0 comments | Continued
The Economic Policy of Do As I Say, Not As I Do
There is a delicious irony in the world of economic policy at the moment. The Asian crisis back back in 1997 and 1998 was brought on by the same things that led to the current crisis in Europe and the US (and the one I believe is coming to China).
February 4th, 2012 | The Daily Reckoning | 1 comment | Continued
The System D Speak-Easy Economy
Robert Neuwirth says System D is the world’s second-largest economy, amounting to economic productivity of $10 trillion, which is probably a low estimate. At the pace at which government is growing, System D is set to employ as many as two of three workers by 2020.
February 3rd, 2012 | The Daily Reckoning | 1 comment | Continued
The Final Countdown
Not interfering with the market’s adjustment process is simply allowing Schumpeterian “creative destruction” to operate, and cleanse the forest. But that process is anathema to well-compensated entrenched interests that suckle from the teat of the State. Banks, for example.
January 21st, 2012 | The Daily Reckoning | 1 comment | Continued
Wikipedia’s Blackout Wednesday: The Time Has Come
Wikipedia’s Blackout Wednesday is a choice, and a brilliant one, made by founder Jimmy Wales in consultation with the whole Wikipedia community. It is a protest, a statement, a symbolic warning to the world of what can happen if governments attack the free flow of information.
January 19th, 2012 | The Daily Reckoning | 4 comments | Continued
Coins… The Nearest Thing to a Permanent Thing
You can find a coin shop in nearly every town in the United States. The proprietor is unlike any you will find in any other store. He is unusually steeped in history, intensely aware of the larger context of the passing economic and political scene. This is because if it is a good shop, you will find the whole history of modern life on exhibit, and learn more from looking than you find in a multivolume history.
January 14th, 2012 | The Daily Reckoning | 0 comments | Continued
Central Banks Go Bonkers
This week, a certain joke became a painful reality, with a reshuffle at the European Central Bank.
January 7th, 2012 | The Daily Reckoning | 2 comments | Continued
The Genius of the Price System
The price system is a constantly changing kaleidoscope that beautifully merges our subjective imaginations with the gritty realities of the physical world. It is the combination of mind and matter that yields an output – a simple number – that never lies.
January 4th, 2012 | The Daily Reckoning | 3 comments | Continued
Why Reinvested Dividends Are Crucial Investments in the Next Ten Years
It’s the sort of boring fact that the investment industry doesn’t generally alert you to. And to be fair, it’s not very exciting. At all. But it does appear to be true, at least up to about 2003, that reinvested dividends massively increase your total return in common stocks over time.
November 30th, 2011 | The Daily Reckoning | 1 comment | Continued
Great Corrections Part Deux
The Great Correction could be aiming for a lot more than just the economic mistakes of the last 10 years.
November 29th, 2011 | The Daily Reckoning | 0 comments | Continued
The Stock Market’s Law of Unintended Consequences
When it comes to the stock market you’re usually right until you’re wrong. Winning streaks are rare. But Slipstream Trader Murray Dawes has been on fire recently. Murray’s been persistently bearish, even as each false rally has sucked more investors in. He’s been calling this downdraft correctly for months.
November 24th, 2011 | The Daily Reckoning | 2 comments | Continued
