“Prepare for the worst; hope for the best,” was always good advice. And here at The Daily Reckoning it is the foundation of our investment approach. We never know what will happen. So, what we want are investments that don’t depend on knowing.
January 9th, 2012 | Bill Bonner | 2 comments | ContinuedAll Posts Tagged With: "invest"
Tangible and Irreplaceable Assets
Take a deep breath and relax. Today’s issue of the Daily Reckoning is not about the Reserve Bank. Maybe it will raise the cash rate to 4.75% tomorrow and maybe it won’t. But frankly we are tired of pretending to take the RBA seriously as it pretends to know how to perfectly manage the price of money. Instead, then, let’s talk about the upcoming float of Queensland Rail. It’s a great exercise in understanding how to value assets and why the private sector manages better than the public sector.
October 4th, 2010 | Dan Denning | 0 comments | Continued
Waiting Till the Price is Right
Dow…3 ounces! Our old friend Ronan McMahon has been keeping us up to date. Ireland is going broke, he says. The Irish foolishly borrowed too much money during the boom years. The banks foolishly lent too much money. And then the government foolishly said it would bail them out…
October 4th, 2010 | Bill Bonner | 2 comments | Continued
Attachment “G” is Too Dangerous to Be Seen
There may be a simple economic explanation for the best September on Wall Street in 71 years. No double dip recession…improving labour market numbers…rebounding house prices. Except none of that is true. So what is left? Well, as near as we can tell, everyone seems to be front running central banks. Is the Fed buying stocks? Not yet.
October 1st, 2010 | Dan Denning | 3 comments | Continued
The Comedic Value of Naked-Short Paper Gold
How things must be getting crazy in the world of naked-short paper gold and naked-short paper silver on the commodity exchanges, as the recent rises in the prices of gold and silver must have caused every one of these slimy naked-short crooks to lose money.
October 1st, 2010 | Mogambo Guru | 0 comments | Continued
Investing in Gold With a Watchful Eye On Mr. Market
What if the final stage of the bull market in gold has already begun? What if investors and speculators begin to panic out of the dollar now? What if they sell the rumor of quantitative easing…rather than wait for the real thing? What if they drive the price of gold up to the moon…
October 1st, 2010 | Bill Bonner | 1 comment | Continued
What’s Really in the Social Security Trust Fund?
“You’re kidding, right?” a Daily Reckoning reader wrote after our briefing from last week: “The End of Social Security As We Know It.” “Are you the only ones who believe in the accounting farces that are the Social Security and Medicare ‘Trust Funds’? Every dollar in both of those funds has been spent by the US Treasury…”
September 30th, 2010 | Ian Mathias | 4 comments | Continued
The Legacy of the Current Recession
Epithet for a doomed economy…What will they say? How will they describe the ’00s and ’10s? Irish Prime Minister Brian Cowen was accused of being drunk when he gave a “croaky” radio interview two weeks ago. He denied it. But we’d be tempted to turn to the bottle too…
September 30th, 2010 | Bill Bonner | 0 comments | Continued
Attack on 5,000
April seems like such a long time ago. What were investors thinking then? As you can see from the chart below, April was the last time the ASX/200 traded near the 5,000 level. The index is nowhere near the 2008 high (as you can see). But maybe it’s getting ready to make a run to 5,000 by the end of the year.
September 29th, 2010 | Dan Denning | 3 comments | Continued
Gold US$2,000? Try US$27,000!
The supply of gold is falling steadily. As with any other commodity the price of gold ultimately depends on just two things: The supply of gold, and the demand for gold. Before we get to the exciting part of the story, it is important to look at the supply of gold.
September 29th, 2010 | Dr. Alex Cowie | 27 comments | Continued
Day Care or Default?
So far, almost everything that we thought ought to happen is happening. More or less. The crisis. The feds’ reaction. The market’s lack of reaction to the feds’ over reaction. Then, the feds’ reaction to the markets failure to react. One dumb thing begets another.
September 29th, 2010 | Bill Bonner | 0 comments | Continued
Strength in Weakness
If you haven’t sorted out whether gold shares or gold coins or gold bullion should be part of your investment strategy, you still have time to think about it and do something, if that’s what you decide. One reason you have time is that one of the strength’s of gold’s current move is that central banks are buying it instead of selling it.
September 28th, 2010 | Dan Denning | 2 comments | Continued
Funds Flowing, But For How Long?
We’ve made this point before, but we’ll make it again. Today’s modern financial system depends critically on continued debt growth to stop asset prices from collapsing. In modern economies dominated by governments and their agents, central banks, money is debt and debt is money.
September 24th, 2010 | Greg Canavan | 43 comments | Continued
Why Central Bankers should keep you up at night
Another day, another elegantly crafted article assuring you that the central planners have it all under control. This time it’s Ian Verrender at Business Day explaining how central banks can now save our economy from another 2008 style crash. (The one they caused.) He concludes it won’t work…
September 24th, 2010 | Nickolai Hubble | 0 comments | Continued
Buy Emerging Markets…Once Again With Feeling
This discussion about Emerging Markets is essentially one of analyzing the risks you wish to take and the ones you don’t. If you were a young, heterosexual male, for example, you might be willing to risk missing a new episode of The Simpsons to risk going on a date with Megan Fox.
September 23rd, 2010 | Eric J. Fry | 0 comments | Continued
