Today is Monday, May 21st, 2012
Since the beginning of time, the insiders have always had an advantage. That’s why people want to be insiders; they know that’s where the money is.
In actual fact there’s a very special form of ‘inside trading’ going on where the feds and the insiders work together.
November 17th, 2011 | Bill Bonner | 0 comments | Continued
Today, the market is up nearly 100 points (at the time of writing). Who would have thought Greek Referendum could have such an influence on the Aussie market?
But as we’ve said many times before, such market volatility is not a sign of strength – it’s a sign of extreme fragility.
November 4th, 2011 | Greg Canavan | 8 comments | Continued
And they took over the auto business too. They should be able to do for autos what they did for passenger trains. That is, they should turn Detroit into an Amtrak…
March 30th, 2010 | Bill Bonner | 0 comments | Continued
This new reform measure just increases the weight. Now, there’ll be more parasites than ever. Health care is about to turn into a zombie industry…run by brain-dead bureaucrats…
March 24th, 2010 | Bill Bonner | 1 comment | Continued
Bloomberg reports that consumer prices rose by 2.7% in February. That’s the fastest monthly growth rate in 16 months. And it eclipses the annual yield on savings deposits of 2.25%. Savers aren’t beating inflation. And if they can’t do that, they may as well spend the money. That could ignite a rising price cycle in China that monetary authorities want to avoid.
March 12th, 2010 | Dan Denning | 7 comments | Continued
This rally has gone on for so long most people think it is not a rally at all, but a new bull market.
March 11th, 2010 | Bill Bonner | 79 comments | Continued
So simple and so crude – yet so very effective. The cockroach is hard to kill and fit for any environment. In markets, we also have cockroaches. One of the types would be the holding company with lots of cash…
March 10th, 2010 | Chris Mayer | 2 comments | Continued
Most of these are interest rate and credit derivatives. As we learned in the last two years, the big risk here is to institutions which owe and own these obligations amongst one another. In our view, the degree of interconnectedness among these obligations (they still aren’t unwound) still makes the entire global financial system vulnerable…
March 10th, 2010 | Dan Denning | 14 comments | Continued
You should, by our reckoning, own a small portfolio of stocks leveraged to positive Black Swans (low probability but high magnitude events that drive a share price higher…like the discovery of a new ore body or the development of a new drug). These are the sort entrepreneurial ventures that will create new wealth.
March 5th, 2010 | Dan Denning | 25 comments | Continued
The politicos in Washington regard Carter as a failure. Yet, to us, he is still a hero. He was the only presidential candidate your editor ever voted for.
February 18th, 2010 | Bill Bonner | 3 comments | Continued
The burden of today’s Daily Reckoning is to figure out what’s going to happen when Australia’s millions of baby boomers retire. From the looks of it, the stock market will crash, government finances will be stressed, and the economy is going to slow. None of that sounds very promising.
February 2nd, 2010 | Dan Denning | 27 comments | Continued
Meanwhile, conflicting data is coming out of the housing market. Imagine that. Data from the Australian Finance Group shows that borrowing fell to a five-year low in December. AFG reported a 19% fall in mortgage activity. It was the lowest figure in any one month since 2005. And according to AFG’s data, first home buyers as a percentage of new mortgages fell by half from the same time last year.
February 1st, 2010 | Dan Denning | 47 comments | Continued
According to theory, the markets know more than any single investor, analyst or economist. In theory, the markets know everything there is to know.
January 21st, 2010 | Bill Bonner | 1 comment | Continued
Washington, DC is full of government bureaucrats who earn 30% to 50% more than people in the private sector. In the private sector Mr. Market puts his thumb up or his thumb down.
January 15th, 2010 | Bill Bonner | 0 comments | Continued
“The median local share fund surged 39.5 per cent last year, outperforming the 37.6 per cent rally recorded by the S&P/ASX 300 Index in calendar 2009, according to figures compiled by Mercer, an investment consultant,” reports Eric Johnston in today’s Age. But why would you sell just when things are getting good?
January 15th, 2010 | Dan Denning | 16 comments | Continued
| All Ordinaries | 4124.400 | ||
| S&p/asx 200 | 4073.600 | ||
| China Shanghai Co | 2348.30 | ||
| Gold Sep 11 | 0.00 | ||
| Clj11.nym | 0.00 | ||
| Nikkei 225 | 8633.89 | ||
| Indu | 0.00 | ||
| S&P 500 | 1296.35 | ||
| Ftse 100 | 5294.71 |