What do you know?
Unless something rather dramatic happens in the next few hours, the Mayans got it wrong.
The world will keep turning and we will keep reckoning in 2013.
Before that though, we're continuing our tradition of reflection. Below you'll find some of the more interesting predictions and postulations of 2012…a selection of musings from Dan Denning, Bill Bonner and the DR team.
Enjoy and see you in 2013!
The Daily Reckoning Australia
Bill Bonner's 2012 Market Danger Zones: Were They Dangerous?
'We're just trying to figure out what we OUGHT to believe in order to end the coming year in the best possible situation,' said Bill. Find out if his 2012 'bombs' ended up going off here.
Was It the End of the Gold Bull in 2012?
Gold started 2012 around US$1,600 an ounce. At the time of typing it's up around a hundred bucks. In this January essay Bill ruminates on whether or not gold was 'washed up'. Was he right?
Dan Denning gives a sneak peak at what things will look like when Australia's terms of trade stops 'riding the dragon' here. And Greg Canavan shows what happens in 2013 after a full year of falling nation income here.
46-year old Milanese tax attorney Salvatore Rossi and his wife Giulia make a break for the border. Find out if they made it here.
'You've spent - or your parents...or the taxpayers have spent - $150,000 on your education. And you're retarded.' Read Bill's graduation speech, which he will never be invited to give.
Reader Mark W wrote in March: 'Hi Dan, Loved your piece this morning about Hitler's paranoia and the misplaced trust in machines. Could it be that the Money Power is doing the same, relying on ultra fast algorithms to do their bidding, as they now don't trust the human aspect to judging a stocks' value? Or is that just me being paranoid?'
Maybe. Maybe not...
For the article Mark is referencing (and to learn all about Geheimschreiber) go here.
'Go back to sleep, citizen. Your government has everything under control.' The late Bill Hicks is as right now as he was twenty years ago. Find out why here.
Greg Canavan shows how the boom masked three structural flaws in the Aussie economy. Read his analysis here.
It's been going on since the spring of 2007, when big lenders began going broke. That knocked out the housing industry...and the finance industry too. Wall Street started to go broke too, which is when the feds stepped in. They've been trying to stop it or fix it ever since. Will it ever end…and when? Bill gives his thoughts here.
A crisis starts at the margin, with a peripheral player, and then moves its way up the food chain. Dan Denning shows why Aussie banks are on the menu in 2013 here.
It just goes to show how confused things are on the ground when property developers and recent homebuyers are struggling while the economic talking heads babble about a renewed Australian property boom. Welcome to a world full of monetary distortions. Greg explores it here.
- Confessions of a Charlatan
- Why Buffett and Gartman are Wrong About Gold
- China’s Housing Trouble Heats Up
- How Will Your Stocks React if China Goes ‘Nuclear’ in 2013?
- Mortgage Rates Increases: Wrong Questions, Wrong Answers?
About the Author
The Daily Reckoning offers an independent and critical perspective on the Australian and global investment markets. Slightly offbeat and far from institutional, The Daily Reckoning delivers you straight-forward, humorous, and useful investment insights from a world wide network of analysts, contrarians, and successful investors. Founded in 1999, The Daily Reckoning is published in 7 countries with a worldwide readership of almost 1 million people.