Other Recent Articles
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.
31Jan2012 | 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.
31Jan2012 | 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!
31Jan2012 | 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.
30Jan2012 | 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?
30Jan2012 | 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.
30Jan2012 | 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.
30Jan2012 | 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.
30Jan2012 | Dan Denning | 16 comments | Continued
The US Constitution Gone Wrong
“…They put all that work into the US Constitution…using every trick they could think of to limit the power of the executive branch. Because they knew that if you let the executive branch get away with it, it’s only a matter of time before it becomes a tyrant.”
30Jan2012 | Bill Bonner | 2 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.’
30Jan2012 | 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.
30Jan2012 | 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.
27Jan2012 | 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.
27Jan2012 | 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.
27Jan2012 | Joel Bowman | 0 comments | Continued
Sit Tight With The Bull Market: An Investing Lesson From The Great Bear of Wall Street
The book, Reminiscences of a Stock Operator by Edwin Lefèvre immortalised Jesse Livermore’s exploits. I have never read it so I can’t be sure the following quote is even from that book. But wherever it comes from, it might be the most wise advice you’ll ever read about how to handle a bull market.
26Jan2012 | Greg Canavan | 3 comments | Continued
