Today’s story is how the investment world you live in came to be…and how we’re on the edge of a great leap forward…or a great leap into a deep abyss. If you don’t have time to read it, go over to Facebook and tell everyone you’re too busy to read about the most important investment story of your life.
February 1st, 2012 | Dan Denning | 2 comments | ContinuedMarket
Commentary on global share markets by your Daily Reckoning editors in Melbourne, Australia. Still haven’t subscribed to the Daily Reckoning? What are you waiting for… sign up here, it’s free!
A chronological listing of articles is below.
The Most Common and Costly Investment Mistake
I’d like to tell you about a study I read recently on investing. It’s a slim little booklet titled One-Way Pockets by Don Guyon (a pen name for a broker). The book, which was first published in 1917, covers some studies he did on the trading behavior of accounts at the time. What he found was timeless.
January 31st, 2012 | Chris Mayer | 3 comments | Continued
5 Reasons Why the US Prefers War with the Middle East
The US has been at war in two out of three years since 1989. The interesting thing about it is that 1989 marked an historic juncture. It was the year that the US had no more worthy enemies.
January 31st, 2012 | Bill Bonner | 2 comments | Continued
Everything Isn’t Fine in the US Economy
The US economy has come back to output levels of ’07. But this feeble rebound not only holds the title of “weakest post-war recovery ever,” it also shows that something else is going on. Most economists have no idea what. So, they just think this “recovery” is unusually slow.
January 31st, 2012 | Bill Bonner | 0 comments | Continued
What the Facebook IPO Says About Your Most Valuable Asset
Social networking site Facebook may go public this week. This is important. The fact that the company is ready to sell shares to the public and Wall Street is underwriting for the initial public offering (IPO) can only mean one thing: the age of superficial communication devoid of real content and real meaning may be peaking… as soon as tomorrow!
January 31st, 2012 | Dan Denning | 11 comments | Continued
How The US Tax Code is Creating A Chicken Run
A study cites the “confusing complexity” of the US tax code and “bait and switch” tactics used by the IRS to lure in victims behind on “payments” as the primary two reasons for the uptick in permanent expatriation.
January 30th, 2012 | Joel Bowman | 0 comments | Continued
Why US GDP Figures Mean Nothing
Here’s a meaningless abstraction for you, Fellow Reckoner. US GDP grew at an annualised rate of 1.7% for 2011. Now, what does that sentence actually tell us?
January 30th, 2012 | Joel Bowman | 2 comments | Continued
“Improvements” to Capitalism
As Alan Greenspan points out: The ‘greed’ that preoccupies Occupy Wall Street demonstrators is not a feature of capitalism, It’s a feature of human nature. He might have pointed out that socialists are just as greedy as capitalists. They are just more corrupt.
January 30th, 2012 | Bill Bonner | 0 comments | Continued
The Fed’s Unattainable Government Goals
The Fed has goals for unemployment and inflation. Targets. And it moves its policies around in order to achieve its goals. Of course, it doesn’t necessarily hit its goals.
January 30th, 2012 | Bill Bonner | 0 comments | Continued
The Energy Empire of the Sun
We take up the issue of national power and real energy in today’s Daily Reckoning. And we take it up because the fate of nations and the welfare of men and women are directly related to how much sunlight we all get. All power—from the stored solar energy in fossil fuels to the sunlight that makes food grow—comes from energy.
January 30th, 2012 | Dan Denning | 16 comments | Continued
The State of the Union Address and Obama’s Fairness Doctrine
We had been invited to watch President Obama give the State of the Union address with a group of dinosaurs…a group approaching extinction with dignity and intelligence. You might call them ‘thinking conservatives,’ ‘paleo- conservatives’ or ‘constitutionalists.’
January 30th, 2012 | Bill Bonner | 0 comments | Continued
A Question of Currency: Should Australians Invest in the Fourth Reich?
The first thing to think about, if you’re a foreign investor in another region, is currencies. Well, it may not quite be the first thing, but keep in mind: movements in currencies can make or break investment returns.
January 30th, 2012 | Nickolai Hubble | 0 comments | Continued
Currency Wars
The currency wars are heating up. On Wednesday, Federal Reserve boss Ben Bernanke promised speculators he would keep interest rates low until 2014.
January 27th, 2012 | Greg Canavan | 1 comment | Continued
Demand Fears in a Consumer Based Economy
Yesterday, Europe was back in the news. Whenever Europe is in the headlines, the headlines are bad. And the ideas behind the headlines are absurd. In fact, it is amazing how many crackpot ideas the press can throw at you in a single day.
January 27th, 2012 | Bill Bonner | 0 comments | Continued
The Consequences of Denying Reality in a Bernanke Economy
Mr. Bernanke is fiddling the levers again, promising to keep rates lower than a sea snake’s belly until 2014. America’s #1 central banker may well be highly intelligent…but that does not preclude him from also being a dunce.
January 27th, 2012 | Joel Bowman | 0 comments | Continued
