And if you’re worried about inflation, you can buy the inflation-adjusted bonds - the TIPS - at an exceptionally low premium. When we looked a week or so ago…
December 5th, 2008 | Bill Bonner | 3 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.
Revisiting the Gold/Oil Ratio
If you’re wondering what the inter-market relationship is between gold and oil, hold the thought. It’s a good question. And the brief answer is that oil and gold both tell you things about what’s going on in the economy (oil goes up with rising GDP, gold up when the USD is weak). The long answer would take longer than either of us has today. So what is the chart telling us now?
December 5th, 2008 | Dan Denning | 7 comments | Continued
Curing the Problem of Over-Consumption by Spending
Where do they get these ideas? What makes anyone think you can solve the problem of excess debt by lending people more money? Who is dumb enough to think that you can cure the problem caused by too much spending…by spending more?
December 4th, 2008 | Bill Bonner | 3 comments | Continued
The Fed’s War on Cash
It’s what we call the Fed’s war on cash. You see, the Fed is driving down yields on government bonds and notes of all maturities quite deliberately. More on what it’s up to below. But it’s not just the Fed that’s pulling out all the monetary stops to float the world on a sea of credit. It’s a now a race to the bottom for central bank interest rates. New Zealand’s central bank cut its main interest rates by a whopping 1.5% overnight…
December 4th, 2008 | Dan Denning | 1 comment | Continued
Shopping: The Patriotic Duty of Every American
Let’s see, the Wall Street insiders made billions in bonuses and fees during the Bubble Epoque - and they were smart enough to take the money off the table…
December 3rd, 2008 | Bill Bonner | 1 comment | Continued
“Going for Broke” to Avoid a “Financial Collapse”
It says in this morning’s International Herald Tribune that the feds are “going for broke” to avoid a “financial collapse.” Yes, exactly…that is where they are going…
December 2nd, 2008 | Bill Bonner | 0 comments | Continued
1% Aussie Interest Rate Cut?
Here we go again. Where to this week? The RBA meets tomorrow. The TD Securities-Melbourne inflation gauge apparently fell 0.6% in November. Falling petrol prices brought everything else down. Does this mean the RBA can cut Aussie interest rates one full percent or 75 basis points, as economists expect? Who knows? And will it matter anyway? That is, is a rate cut the sort of thing that’s going to prevent the Australian economy from suffering a globally-induced recession? Don’t count on it.
December 1st, 2008 | Dan Denning | 1 comment | Continued
Stock Market Continues Its Recovery
Yesterday, the stock market continued its recovery. The Dow was up 247 points. Oil sank to $54. Gold lost $7.40 to come to rest at $811…
November 28th, 2008 | Bill Bonner | 4 comments | Continued
Reader Mail: Predicting a ‘Super Bubble’ in Gold
The DR inbox today was full of letters from readers concerned about our mental and spiritual health. It caught us a bit off guard. So we’ll turn today’s letter over to you…
November 28th, 2008 | Dan Denning | 2 comments | Continued
Irving Fisher Has Come Back Into Fashion
It is extraordinary how the great American Economist, Irving Fisher, has come back into fashion. In the last week I have seen substantial references to him in The Times of London…
November 28th, 2008 | William Rees-Mogg | 5 comments | Continued