(Ed Note: Bill penned this note as 2011 was drawing to a close). The markets are fairly quiet. The politicians are keeping their mouths closed too. Here at The Daily Reckoning Christmas headquarters we’re drinking eggnog, eating fruitcake and wondering what 2012 will bring. We’ve given up trying to actually look into the future. We don’t seem to have the knack for it.
January 3rd, 2012 | Bill Bonner | 2 comments | ContinuedReal Estate
Commentary on real estate and the worldwide bubble 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 Daily Reckoning’s Best of 2011
Happy New Year!
Normal Reckonings resume Tuesday, January 3rd. To tide you over, we’re continuing a tradition we started last year. We reflect on some of the more colourful predictions of 2011. What follows is a selection of musings from Dan Denning, Bill Bonner and the DR team.
January 1st, 2012 | Dan Denning | 0 comments | Continued
Why Europe’s Fiscal Integration Still Spells Financial Doom
Financial markets will tell you whether private investors believe greater “fiscal integration” is the long-term answer to Europe’s debt problem. We can save you the trouble and tell you the answer now: Europe is still doomed.
December 12th, 2011 | Dan Denning | 5 comments | Continued
Welcome to the House of Debt
Aussies have bid up the price of houses to absurd levels using debt. The debt that the mainstream will tell you doesn’t matter. But it does.
December 10th, 2011 | Nickolai Hubble | 4 comments | Continued
Alphabet Soup Economy
Here’s what happens in our Alphabet Soup Economy:
Plan A doesn’t work…neither does Plan Z.
Last week ended with a whimper and a bang. Stock markets whimpered. Investors didn’t know what to think. And nothing happened last week to help them figure it out.
November 29th, 2011 | Bill Bonner | 0 comments | Continued
CLF – The RBA’s Pre-emptive Bank Bailout
The RBA has announced how the CLF – a kind of pre-emptive bank bailout would work.
Of course… they won’t call it that.
November 29th, 2011 | Dan Denning | 6 comments | Continued
Economic Amnesia
Today is Remembrance Day. Lest we forget.
The Great War was a disaster for Europe and the rest of the world. Following decades of relative peace and economic stability, fighting broke out in August 1914 and didn’t cease until 11am on 11 November 1918…93 years ago today.
November 11th, 2011 | Greg Canavan | 2 comments | Continued
Are Markets Finally Heading In the Right Direction?
Security was unusually heavy at the Eurostar terminal in Paris yesterday. Police roamed the halls and corridors. Long lines formed as baggage and passports were inspected. In the executive lounge, plain-clothed cops eyed packages…and studied travelers.
November 11th, 2011 | Bill Bonner | 2 comments | Continued
Educated Guessing Game
Yesterday, Silvio Berlusconi said he will leave government…once the legislature has agreed on an austerity program. Too bad. We’ll miss “The Cavalier.” Once, in Rome, we heard him speak to a crowd. We didn’t understand a word of what he was saying. But he said it well.
November 10th, 2011 | Bill Bonner | 0 comments | Continued
All Eyes on the Problem of the Day
What’s in the news today? More of Europe’s attempts to ignore its own breakdown. Now Papandreou is gone and the Greeks are trying to put together a new coalition government with more credibility. At least, that’s what the newspapers tell us.
November 9th, 2011 | Bill Bonner | 1 comment | Continued
Truisms of a Financial Crisis
So much information and so many ideas come to us daily in the financial press. We’re able to fill up our trash basket in just minutes. In The Financial Times, for example, Larry Summers recently offered a solution to America’s housing debt problem.
October 28th, 2011 | Bill Bonner | 0 comments | Continued
Saving Money in a Debt-Soaked Economy
Last time we looked, yesterday, stocks were falling. We’re on a plane bound for Madrid this morning. So, we’re just going to forget the markets and move directly to the economy that supports them. Both The International Herald Tribune and The Financial Times signal that the American economy has hit a bad patch.
October 27th, 2011 | Bill Bonner | 2 comments | Continued
The Natural Course of the US Empire
Nothing much from the markets yesterday. The Dow fell 72 points. Gold went down $5. Meanwhile, the Occupy Wall Street (OWS) movement goes on in America. And 70,000 Greeks “clash with police,” say the news headlines. People are upset. They know something is wrong.
October 21st, 2011 | Bill Bonner | 4 comments | Continued
Man vs. Universe
–Well this should be interesting. The Germans have brought the stock market rally to an abrupt halt with their Teutonic realism. “Dreams that everything will be resolved and dealt with by next Monday cannot be fulfilled,” says Angela Merkel’s spokesman Steffen Seibert. The S&P 500 fell by 1.94%. Crude oil was down 1.53% and copper down 2.02%.
–You wouldn’t want to play poker with the Germans, would you?
October 18th, 2011 | Dan Denning | 1 comment | Continued
Giving Up on Gold
Nothing much to talk about in the markets yesterday. We had been expecting a bigger sell-off in the price of gold. The metal went down, about $300 if we recall correctly, but not as much as we expected. In the last major bull market in gold, in the ’70s, the price declined by about 50% before going on to set a new record.
October 17th, 2011 | Bill Bonner | 3 comments | Continued
