Ultimately, the question is not whether there will be a disaster during Mr Trump’s time in the White House. It’s what kind of a disaster it will be.
Africa and the Middle East
While the editors here at The Daily Reckoning acknowledge and celebrate Australia’s giddy history as the dominant cricket power, they recognise when it comes to the global economy we’re not quite up there with the big boys.
Because Australia is a small, open economy, as an investor you need to watch developments overseas that can impact here. It might be the US central bank driving up the exchange rate, to European hedge funds shorting the market, to trade agreements in Asia changing the investing landscape.
That’s one reason they Reckon every day. If you need to know about it, they’ll cover it.
It is almost as though they never intended to win. They know that the longer the war goes on, the more money flows into the swamp…and stays there.
The entire world has a debt problem — with $223 trillion in debt, about three times global GDP. The US has a big piece of that — $63 trillion of the debt.
Apply the Reagan administration as a frame of reference to compare president-elect Trump. Doing so we can see what expectations might be for the economy.
Debt is a drag on growth. Money that could once have been spent in the economy is being diverted to principal and interest payments.
Fidel Castro was regarded as a revolutionary and a ‘change agent’. But he is better understood as a throwback, more of a counter-revolutionary than a real revolutionary.
Stocks on Wall Street took a breather overnight, but the price of iron ore continued to move higher. Iron ore for delivery to the Chinese port of Qingdao is now trading at US$80.83 per tonne.
Markets have been calm over the Thanksgiving holiday. Americans — distracted by friends and family — had better things to do than panic.
Based on historic valuation models, the US share market is at a very dangerous level. Be careful. Exercise caution.
In a country where roots meant almost nothing…Thanksgiving served to provide a unified, national myth…
These two Asian giants are going to rumble the world for the next century. Just take the news about the demand Chinese have for global property right now.
Yesterday, the Dow punched up above 19,000 — a new all-time record. Investors are bullish. They believe president-elect Trump will be good for stocks.
In the 12 hours that followed the announcement, goldsmiths and jewellers alike opened their doors — in some cases until well beyond midnight — and accepted very large cash transactions
The middle class got lower wages and more debt. The system is rigged in favour of the Establishment that runs it. Voters couldn’t sort out exactly how…
The following pie charts show how investment strategies have transformed over the past 20 years to achieve a 7.5% rate of return.