Yesterday, the Fed put savers on notice: You’re screwed for the next two years. There you have it: The Fed has acknowledged the economy is going to be jonesin’ for at least two more years and will require the IV drip of near-zero interest rates just to stay alive.
August 15th, 2011 | Addison Wiggin | 0 comments | ContinuedArchive for Addison Wiggin
Editorial director of The Daily Reckoning, Addison Wiggin is also the author, with Bill Bonner, of the international bestseller Financial Reckoning Day and a frequent guest on national US radio and television programs. Look for the sequel to Financial Reckoning Day, Empire of Debt (John Wiley & Sons) in October, 2005.
We, “The Public”
Professional politicians are the reason we have a debt problem in the first place. You have a choice: Follow the president’s advice and don’t worry about the backdoor debt ceiling deal they’re cooking up… or read on and prepare yourself for the consequences.
July 15th, 2011 | Addison Wiggin | 1 comment | Continued
No. 2 Pencils and the Invisible Man
Highly efficient solar panels; the most powerful transistors ever; the ability to make a fighter jet invisible. Each of these breakthroughs has been announced in the last two weeks. Each relies on a “wonder substance” called graphene, made from graphite.
July 14th, 2011 | Addison Wiggin | 0 comments | Continued
Debt: America’s Bi-Partisan Blame Game
An America News Radio interview with Addison Wiggin on June 11, 2011 Chris Salcedo, Co-Host: Today on America’s Radio News line, we’re visiting with Addison Wiggin, the executive publisher of Agora Financial and the author of The New Empire of Debt: The Rise and Fall of an Epic Financial Bubble. Addison, welcome to America’s Radio News.
June 21st, 2011 | Addison Wiggin | 0 comments | Continued
Storm Warning! Part II
“Your predictions have become soundly validated, yet that means the dire outcome you feared is arriving,” Chris Martenson remarked in a recent Q&A with Addison Wiggin. “What’s it like for you to be at this time in history?”
May 23rd, 2011 | Addison Wiggin | 0 comments | Continued
Storm Warning!
Welcome to Crash Concepts where the economy, energy, and the environment are explored. Up next, fresh ideas and insights into the factors that are driving the world and shaping your future. Presenting information you can’t afford to live without, here’s Chris Martenson.
May 20th, 2011 | Addison Wiggin | 0 comments | Continued
When Gold Becomes Money Again
On the night our documentary I.O.U.S.A. made its nationwide premiere in August 2008, the film was followed up by a live panel discussion, broadcast via satellite. Our friend David Walker, the former US comptroller general and “star” of the film, took part…along with several other luminaries.
March 31st, 2011 | Addison Wiggin | 0 comments | Continued
Overstating the Disruption in Libyan Oil Production
Loyalists and rebels in Libya are fighting it out over the town of Brega. That’s one of five export terminals in the east of the country. Two US warships loom over the horizon in the Mediterranean. The flow of Libyan oil to the world market — already a trickle — may soon shut down completely.
March 3rd, 2011 | Addison Wiggin | 0 comments | Continued
The 40-Year Food Outlook
So who stands to profit from that annual investment of $209 billion to boost crop production? Hint: It won’t be food manufacturers. They’re going to be hit hard. Instead, you’ll want to be investing in the suppliers of fertilizer and/or farm equipment.
October 28th, 2010 | Addison Wiggin | 0 comments | Continued
The Food Shock of 2011
If you think your grocery bill is already high, you ain’t seen nothing yet. In fact, we could be just one supply shock away from a full-blown food crisis that would make the price spikes of 2008 look like a happy memory.
October 27th, 2010 | Addison Wiggin | 0 comments | Continued
Son of Subprime
In 2007, the writing was on the wall. The famous “perfect storm” had gathered above the US housing market, its eye hovering over subprime loans. As you know, the storm came…and it rained, and rained, and rained… Ultimately, it washed away trillions of dollars in investor wealth.
August 4th, 2010 | Addison Wiggin | 0 comments | Continued
Golden Shell Games
That’s right, gold. You know, the ultimate money. Or Gold: The Once and Future Money, as our friend Nathan Lewis titled his 2007 book, for which we were privileged to write the foreword. Hey, Wall Street can take a $250 million sewer project in Alabama and turn it into an insurmountable debt 20 times as big.So it can find a way to pervert the Midas metal, too.
July 23rd, 2010 | Addison Wiggin | 0 comments | Continued
Emerson Electric CEO David Farr Stated Jobs in the United States Are Being Destroyed
Late last year, David Farr shot off his mouth and made a lot of people mad. But the insights that spring from his candid comments could make a lot of other people rich. Including you.
May 19th, 2010 | Addison Wiggin | 3 comments | Continued
Buy Japan
When we revealed our new Trade of the Decade in The Daily Reckoning earlier this year, the reaction we got from a lot of readers could be summed up in one word: “Huh?” Almost no one quarreled with the first part of our trade, “Sell US Treasurys.” But almost no one agreed with the second half, “Buy Japanese stocks.”
May 14th, 2010 | Addison Wiggin | 2 comments | Continued
Sell Treasuries … Again
Treasury yields have been going down along the entire yield curve since 1983. This trend reached a crescendo during the crisis of 2008, when 10-year Treasury yields plunged to 2% and 90-day T-bills paid negative yields.
April 30th, 2010 | Addison Wiggin | 2 comments | Continued
