With Halloween just around the corner, it is fitting that today’s headline on CNN.com was “Stocks Headed for a Bloodbath.” Not exactly what you want to see first thing in the morning, but at least it doesn’t keep you guessing.
October 27th, 2008 | Kate Incontrera | 1 comment | ContinuedArchive for Kate Incontrera
Kate Incontrera is the managing editor of The Daily Reckoning. She is also the author of The Daily Reckoning's Weekend Edition, a weekly wrap-up of contrarian investment analysis.
Seventh Biggest Drop in Wall St History
The mood was bleak on Wall Street at the closing bell yesterday, with stocks looking at the seventh-biggest drop in history, falling 514 points. A litany of data showed that neither Wall Street, nor the global economy, was anywhere in the vicinity of the road to recovery…
October 24th, 2008 | Kate Incontrera | 1 comment | Continued
Themes from Day 1 at the Agora Financial Investment Symposium
Yesterday was the first day of speeches at the Agora Financial Investment Symposium. We heard from quite a few DR familiar faces…
July 24th, 2008 | Kate Incontrera | 0 comments | Continued
Millions of Zimbabweans Face Starvation due to Nationalisation caused by Hyperinflation
As Milton Friedman once said, “If you let the government run the Sahara Desert, soon there will be a shortage of sand.”
July 24th, 2008 | Kate Incontrera | 5 comments | Continued
Fannie and Freddie Say Goodbye to Veto
The big news this morning is that President Bush has dropped his threat of a veto for the housing bill that will bail both Fannie Mae and Freddie Mac out…
July 24th, 2008 | Kate Incontrera | 1 comment | Continued
We Are Facing a Global Oil Crunch
It’s no secret that we are facing a global oil crunch – and increased oil production is not the answer, the Australian DR’s Dan Denning tells us…
July 23rd, 2008 | Kate Incontrera | 0 comments | Continued
1 Out of 10 American Mortgages Are Owned by Other Countries
The dark twins of the mortgage market have foreign investors nervously chewing their fingernails, as one out of 10 American mortgages are…
July 22nd, 2008 | Kate Incontrera | 0 comments | Continued
A Word About the Dollar’s Decline from Our Intrepid Correspondent, Byron King:
There are lots of reasons for the dollar’s decline. No. 1 is chronic deficit spending by the federal government. And No. 2 is chronic trade deficits that have flooded…
July 22nd, 2008 | Kate Incontrera | 0 comments | Continued
Dealing with Future Economic Problems Today
We had the opportunity to interview Mr. Volcker for I.O.U.S.A. We met the economic bigwig, who is most famous for fighting the inflation of the 1970′s and 1980′s…
April 10th, 2008 | Kate Incontrera | 1 comment | Continued
The Stinging Reproach of a Former Fed Chairman
Alan Greenspan has been popping up all over the press lately – after 18 years of Greenspeak, it looks like the former Fed chief wants to set the record straight…
April 10th, 2008 | Kate Incontrera | 3 comments | Continued
The Feds Debate the ‘Long and Short’ of Recession
The minutes show that Fed policymakers were worried that a “deep” recession, rather than a “shallow” one, would permeate the U.S. economy…
April 10th, 2008 | Kate Incontrera | 0 comments | Continued
Ethanol is a Fraud But Gold Rallies
The price of corn per bushel has doubled in the past year, which is great for grain farmers – but not-so-good for livestock producers that count on cheap, corn-based feed for their cattle, hogs and poultry. AFP reports that “registered Angus breeder Jim Skinner said soaring grain and fuel prices have led to a 40 [...]
September 27th, 2007 | Kate Incontrera | 0 comments | Continued
U.S. Setting Dubious Economic Records
The Fed’s Beige Book was released yesterday afternoon…although the Fed should rename the book ‘Lilywhite Book’ on account of what’s printed inside. And what was printed inside, you ask? Here’s a snippet: “Outside of real estate, reports that the turmoil in the financial markets had affected economic activity during the survey period were limited. Credit [...]
September 7th, 2007 | Kate Incontrera | 0 comments | Continued
U.S. Stock Market Falls on Employment & Housing Data
The Dow, the S&P and the NASDAQ all suffered their first losses in three days at market open this morning. The drop was caused by not-so-good employment and housing data, and on the news that short-term interest rates in Europe rose to the highest since January 2001. Although the big employment news will come from [...]
September 6th, 2007 | Kate Incontrera | 0 comments | Continued
California Real Estate Market Waning As Wealth Evaporates
In California, real estate is (or was) king. We’ve noticed something interesting on morning walks around the Hollywood Hills… About a year ago, around every turn was a construction truck… people were gutting their homes (or their investment properties), installing granite countertops perhaps, or new hardwood flooring, and prepping their homes to be put on the [...]
September 5th, 2007 | Kate Incontrera | 0 comments | Continued
