Whenever markets tank, the American dollar and its government’s bonds seem to surge. Daily Reckoning readers know we consider this to be absurd.
February 13th, 2010 | Nickolai Hubble | 1 comment | ContinuedAll Posts Tagged With: "Nassim Taleb"
Zurich Minds Symposium
Our friend, Rolf Dobelli brings together people from all over the world to talk about what is on their minds. Last year, we went to hear another friend, Nassim Taleb, author of The Black Swan.
December 18th, 2009 | Bill Bonner | 0 comments | Continued
The Economy is Like a Complex Ecosystem
You cannot alter one piece of it without causing effects elsewhere in the system. Investors who understand this reality can also understand (and avoid) the hazards of over-confident investing.
December 15th, 2009 | Chris Mayer | 1 comment | Continued
Recession is Over, Welcome Back to the Depression
As we pointed out yesterday, the US economy has already suffered a lost decade. No employment growth in the last ten years. No gains in the stock market.
November 26th, 2009 | Bill Bonner | 4 comments | Continued
Historically, the Only Reserve a Central Bank Can Trust is Gold
Imagine what would have happened if pharaoh had stocked up on radicchio instead of grain? Those 7 lean years would have been a lot leaner than they were.
November 6th, 2009 | Bill Bonner | 3 comments | Continued
Don’t Buy the A-REITs
“Australia stands out like a beacon because the yields here are much greater than other parts of the world,” says AMP Capital Brookfield chief investment officer Kim Redding. He tells Bloomberg that, “If you like the Aussie dollar and you like yield, Australian LPTs would be a pretty good place to be.”
October 20th, 2009 | Dan Denning | 2 comments | Continued
US Federal Government Ran the Biggest Deficit in History
In theory, the US government could do the same. But, in fact, it never runs significant surpluses. There are too many people who want too much bread and too many circuses. And you don’t win votes by denying the voters…
September 30th, 2009 | Bill Bonner | 2 comments | Continued
US Dollar is Getting Trashed
“In other words, leveraged speculators are borrowing US dollars in the short-term money markets at near-zero rates to buy bonds in higher- yielding currencies like the Australian dollar or the euro.
September 29th, 2009 | Bill Bonner | 7 comments | Continued
Naturally the Feds Want to Raise as Much Money as They Can
Now, the feds have intervened in the economy too. And, likewise, they are trapped. By pumping in trillions of dollars – not just in America, but also in Britain and China (which have both intervened even more forcefully)…
September 21st, 2009 | Bill Bonner | 2 comments | Continued
There is More to Wealth than Money
Taleb’s point is not a popular one. But it is a realistic one. The fiat money, leveraged finance Western financial system went global in the last twenty years, providing an epic rise in asset prices (and the debt used to purchase them). There’s no doubt that real goods and services have traded hands with world growth.
July 3rd, 2009 | Dan Denning | 9 comments | Continued
Apocalypse Now
The last time the sky fell was 96 years ago. Few saw it coming; no one panicked. But panic wouldn’t exist if it weren’t a useful instinct from time to time. The celestial bricks came unglued in August 1914. By 1918, 40 million people had died. But that was just the beginning.
November 10th, 2008 | Bill Bonner | 9 comments | Continued
