Feature Article
How Much it Really Cost to Bailout Fannie Mae and Freddie Mac
A recent study from the Congressional Budget Office (CBO) has zero credibility. It pegged likely taxpayer losses in the Fannie Mae and Freddie Mac bailouts at $25 billion. For those with a sense of history, it is worth remembering that the S&L bailout had a $160 billion price tag. The numbers diverge so far from reality as to be laugh-out-loud funny…
Feature Article
Gold is the Oldest Form of Wealth
We like gold here at The Old Hat Factory. We keep a little jar of gold flakes on our desk. Mainly, we like it because it keeps pace with inflation. It’s a good long-term way to not lose money. Isn’t that the aim of investing? Maintaining wealth? Keeping your nest-egg from becoming a poverty omelette? Well, gold has meant ‘wealth’ for ages. Before the economic revolution in the 18th Century, the two ideas were inseparable.
Al Robinson | September 5th, 2008 | Continued
Feature Article
“The Battle for Investment Survival” is a Classic that is Still in Print Today
In 1935, a stockbroker named Gerald Loeb wrote a book called The Battle for Investment Survival. The dramatic title might be ascribed to the dramatic period in which it was first published. Disaster-mongering books were popular in the late 1970s as well. However, in the book (which was revised in the 1950s and 1960s), Loeb makes clear that the “battle” he had in mind was with inflation…
Nathan Lewis | September 4th, 2008 | Continued
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The Daily Reckoning offers an independent and critical perspective on the Australian and global investment markets. We do not propose to tell you what the news is. You can find that out anywhere for free. Instead, we try and tell you what news is worth paying attention to and what it might mean for your money.
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