09/30/2005 - God*mmit! I'm An American by Bill Bonner "Is the toilet paper soft
just like it is at home? Do the shops take credit cards, just like they do in Flagstaff? Are the roads paved as well as they are in Michigan?" 09/29/2005 - Big, Big Pockets by Sala Kannan "In just four decades, India will be the most populous nation on Earth
India's demographics alone will be its greatest asset. This is a young and increasingly wealthy nation." 09/28/2005 - Reality Bites by Puru Saxena "Let's face it; our world now depends heavily on Saudi oil. The Saudis claim that they have 260 billion barrels of proven oil reserves and their oil fields are capable of pumping 15-20 million barrels of oil per day. " 09/27/2005 - When To Expect the Unexpected by Erin Beale "I did not expect to find Irish bars on every corner. I did not expect to get an incessant parade of curious stares because of my blond hair and American clothes." 09/26/2005 - The Bonds of Interest by The Mogambo Guru "What happens if you buy a bond today, one that yields that real 0.67 percent? When interest rates rise to that long-term average of eight percent, the market price of the bond that you are now holding will plummet!" 09/25/2005 - Forces of Nature by Kate Incontrera "Not much happened this week
well, except the fact that the second hurricane in less than a month threatened the Gulf Coast." 09/23/2005 - As We Go Marching by Bill Bonner "People wondered what it was about the Germans that had made them so ready to go to war
and so willing to go along with ghastly deeds on a national scale. Was it something in their blood, in their culture
or in their water?" 09/22/2005 - Castles in the Air by Dan Denning "While China takes the reality of peak oil production seriously, the second important news item from August shows that Americans are still behaving as if it were possible to get rich buying houses from one another." 09/21/2005 - Is Copper Popping Its Top? by Carl Waynberg "It's worth noting that even the smallest surplus prediction would represent a considerable change in copper levels from the first half, which saw a deficit of 219,000 metric tonnes." 09/20/2005 - A Fool and His Money by Justice Litle "In essence, passive indexing is the equivalent of a dog chasing its own tail. Selected companies grow larger as sums of indexed money robotically swell their market caps." 09/19/2005 - The Economic Trail of Tears by The Mogambo Guru "The fall of the dollar is a cause for concern to everyone in the U.S. - except for goldbugs. Why? Because as the dollar falls, the price of gold should continue to go up. The Mighty Mogambo explains how this is possible
" 09/18/2005 - Every Cloud Has a Gold Lining by Kate Incontrera "Consumer confidence is at an all-time low, energy prices are skyrocketing, and global inflation concerns are pushing down Treasury bonds.However, there is one winner in all of this - gold." 09/16/2005 - The Importance of Doing Nothing by Bill Bonner "Few things are as damnable as inaction. In politics, it is cause for recrimination
In finance, it is cause for regrets. In war, it is cause for firing squads." 09/15/2005 - To Pause, or Not to Pause by John Mauldin "There are more and more calls for the Fed to pause in September. Clearly the markets are expecting them to do so, and this has given a boost to the stock market." 09/14/2005 - The Fed's Wild Imagination By Kurt Richebächer "'Global savings glut.' You've heard members of the Federal Reserve refer to that term lately, but do you know what it really means? Luckily, the Good Doctor is here to explain
" 09/13/2005 - The Commodities Conundrum By Puru Saxena "Stocks, bonds, property and commodities have all benefited from the abundance of cheap credit. But will this asset-boom continue forever - or will the party come to an abrupt end? Puru Saxena explores
" 09/12/2005 - Gold, How Undervalued Art Thou by The Mogambo Guru "The next time somebody taunts you for being a gold bug, you can tell them that the International Monetary Fund (IMF) believes in gold. Read on
" 09/10/2005 - A Hedge Against Hard Times by Dan Denning "One would hardly expect to get a history lesson in Las Vegas. But, of course, little gems and nuggets of wisdom were liberally dispersed here at the gold and precious metals conference that took place at the Mirage this week." 09/09/2005 - Wealth, Poverty and Blithering Idiots by Bill Bonner "Among the sea of those who believe the government dropped the ball in the aftermath of Katrina - there is one man who points out that we put way too much faith in American politicians. See what the ultimate contrarian has to say
" 09/08/2005 - Ready to Run by Justice Litle "Should we care that China has revalued its currency, the yuan, by approximately 2.1%? And if we should care, in what fashion? Justice Litle explores
" 09/07/2005 - What's Holding Gold Back? by Doug Casey "After the price of gold spiked over $850 in January of 1980, gold production increased substantially - and it stayed up, even with the steep falloff in gold prices. Doug Casey explores
" 09/06/2005 - The Wrecked Techs by Chris Mayer "Since the tech bubble burst, there are a number of cash-rich busted-up and bombed-out tech stocks lingering around. Chris Mayer gives a lesson in how to sniff out the ones worth looking into
" 09/05/2005 - Killed By Inflation by The Mogambo Guru "When you have a fiat currency, sooner or later you get deficit spending, and that means that inflation is guaranteed, and it will devour the purchasing power of every dollar you own. Read on
" 09/03/2005 - When the Saints Go Marching In
by Addison Wiggin and Kate Incontrera "Hurricane Katrina did more than devastate the South - she destroyed the image that the United States had been working so hard to upkeep and cultivate over the years." 09/02/2005 - Houses Without Moats by Bill Bonner "Three years ago, we speculated that the housing bubble had found its pin
now - we're sure of it. This DR Classique first ran on September 20, 2002
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09/01/2005 - The Smart Money Strategy by Addison Wiggin "A shrinking dollar, growing federal debt, the housing bubble, rising oil prices
they all add up to financial vulnerability. But, as Addison Wiggin explains, there are steps investors can take to avoid loss - and profit
" 08/31/2005 - When The Levee Breaks by Addison Wiggin At the height of "the bubble," just when the wheels started to come off, Mississippi John Law came up with a brilliant plan to save his company and the Banque Royale. 08/30/2005 - The Consumer-Dependent Economy by Gary Shilling "The dependence of the U.S. economy on consumer spending is nothing new. At nearly 71% of GDP, consumer outlays are not only up significantly from earlier years, but also much higher than in most other major countries
" 08/29/2005 - Life's Big Mysteries Explained by The Mogambo Guru "What happens when the money supply expands faster than the economy? The new money devalues the existing money, which causes prices to go up, which in turn causes - nothing good. The Mogambo explains
" 08/27/2005 - What Would Jesus Drive? by Kate Incontrera "After the recent highs in gas prices, 'WWJD?' is showing up on the bumpers of cars - the unspoken message being - Jesus probably wouldn't get behind the wheel of a gas-guzzling SUV." 08/26/2005 - Rage Against the Machine by Bill Bonner "Departing from our premonitions of where the U.S. may be headed, we pause to wonder in what direction mankind is 'progressing'
and why. This DR Classique was originally published on October 27, 2000
" 08/25/2005 - The Prophets of Doom and Gloom by Marc Faber "Here at The Daily Reckoning, we are often told that our outlook on the world is too pessimistic - we were called 'sourpusses' recently. We aren't alone - Marc Faber shares his views on being referred to as a 'doom and gloomer'
" 08/24/2005 - The Black Arts of Finance by Chris Mayer "Author John Brooks has observed, 'Conglomerates, like prostitutes, had from the first a sufficiently shaky moral reputation to call for the use of euphemism.' Chris Mayer explores this short chapter in financial history
" 08/23/2005 - The Myth of International Diversification by Carl Waynberg "The ultimate contrarian indicator: Magazine covers. For Carl Waynberg, betting against BusinessWeek cover stories is always a good bet
" 08/22/2005 - Paying More to Get Less by The Mogambo Guru "Total Fed credit fell - which can only mean one thing: in a country that thrives off of people borrowing themselves into debt, 'free money' is suddenly not looking so tempting to the citizens of Squanderville
" 08/20/2005 - Homeland Insecurity by Kate Incontrera and Kevin Kerr "I was told to sit and wait as the officers from Homeland Security perched on their desk and looked down from four feet above me. The room was dingy and poorly lighted; it was like being in a low-budget film." 08/19/2005 - Facing Extinction by Bill Bonner "In this DR Classique that originally ran on August 18, 2000 Bill examines 'Digital Man,' a mutant fully equipped to provide you with obscure song lyrics, train schedules and the secret to VCR programming
" 08/18/2005 - A Modern Dilemma by Addison Wiggin "Given the lack of control over how much fiat money is placed in circulation, we can only expect that the currency will continue to lose value over time. Addison Wigging shares the grim truth about the U.S. dollar
" 08/17/2005 - A Short Course in Cooking the Books by Mark Tier "With Bernard Ebbers (WorldCom) in the slammer, and Ken Lay and Jeffrey Skilling (Enron) most likely hot on his heels, if you think we can now invest with more safety and security, think again. Mark Tier explores
" 08/16/2005 - Exporting American Jobs by Hans Sennholz "In the United States, offshoring - the business practice of moving operations overseas, usually to less developed countries with lower labor costs in Asia - has become a major political controversy. Dr. Sennholz explores
" 08/15/2005 - Conspiracy Theory by The Mogambo Guru "The Mogambo Market Indicators have found that banks have been getting rid of government securities over the last month. The Mogambo looks closely at this bad omen
" 08/12/2005 - Regression to the Mean By Bill Bonner "Still, regression to the mean is a fact. Markets do not go up forever. Everyone can't become infinitely rich. Trees do not grow to the sky. There are limits, in other words." 08/11/2005 - A Reality Check for Corporate America By Addison Wiggin "The halfhearted debate over the twin deficits in trade and budget involve some big numbers, but the Fed is not concerned
Greenspan reported last year to the House Financial Services Committee on these matters." 08/10/2005 - Beliving In What You're Buying To successfully navigate the challenges of trading during periods of low volume, specific approaches and strategies are required. Scott Hunter, of Vancouver's Haywood Securities, shared a few thoughts on the subject. 08/09/2005 - What Housing Bubble? By Mike Shedlock "
.those two-year arms taken out two years ago near the bottom in rates are going to be a shock to lots of people who are not prepared for it. In bubbles, common sense goes out the window." 08/08/2005 - It's All About Commodities, Jack! Further, the Japanese are apparently lifting the bank deposit guarantee, and that "banks are in trouble in Japan, and the government is removing the safety net that protected Japanese deposit holders." 08/05/2005 - An Air of Fin De Bubble by Bill Bonner "In this DR Classique, that first ran in August of 1999, your prescient editor considers bubbles
and the human nature that sustains them
" 08/03/2005 - Interview With The Investment Biker by Steve Sjuggerud "The revaluation of China's currency that took the currency off the dollar standard has been all over the news. Steve Sjuggerud figured that there's nobody better to ask about this than investment legend Jim Rogers
" 08/02/2005 - Serial Bubble Blowers by Addison Wiggin "Yesterday, our friends at the Everbank trading desk declared, "the dollar rally is done." Today, The Daily Reckoning's Addison Wiggin shows why the crack in the rally was inevitable. Where the dollar is concerned? Sell!" 08/01/2005 - Importing Inflation by The Mogambo "China's decision to de-peg the yuan and allow for a maximum movement of .03% per day may not seem like very much, but as the Mogambo Guru points out, these little bits of movement could add up to big trouble for the U.S. economy
" 07/30/2005 - Burn Me Once
by Addison Wiggin and Kate Incontrera "BP, the world's second largest publicly traded oil company, is under even more scrutiny after the second explosion in four months rocked their oil refinery in Texas City." 07/29/2005 - The Most Flattering Fraud Of All by Bill Bonner "Everything in this world is connected - manias and bubbles, liberty and happiness - and even affairs of the heart and economics. Bill Bonner explains
" 07/28/2005 - Uncle Sam's Asleep At the Wheel by Sean Brodrick "There is an energy crisis bearing down on America, and fundamental forces are lining up that could drastically alter the way we live, work
every aspect of our daily lives. The Sovereign Society's Sean Brodrick explores
" 07/27/2005 - Red Storm Rising by Ken Kerr "Energy price hikes are a major problem for the Baltic states - which could mean trouble for American investors as well. Kevin Kerr gives us the whole story
" 07/26/2005 - Decapitation Strategy "Two weeks ago, a Chinese general said that if the U.S. intervenes in any conflict with Taiwan, they would be forced to retaliate with nukes. Dan Denning looks at the factors surrounding the situation and wonders if this threat could become a reality
" 07/25/2005 - Saving and Investing Aren't Synonymous! by The Mogambo "How is putting money in the bank is the same thing as buying shares of stocks, when one of them can go to zero value and the other can't? Clue: It's not. The Mogambo gives us all the details on the plan to 'save' Social Security
" 07/23/2005 - Just a Blip on the Radar by Kate Incontrera "The past seven days were full of news - bombings in London, a nuke threat, a currency revaluation. But all of these events failed to make more than a blip on the radar - in daily life or on the markets." 07/22/2005 - Love in the Time of Sildenafil Citrate by Bill Bonner "Today, Bill turns from the examining the financial world, to much serious matters - life, love and the pursuit of happiness. Read on
" 07/21/2005 - The "Real" Boom by Puru Saxena "As an avid student of economic history, I have realized that all assets go through multi-year economic cycles commonly known as bull-markets (boom) and bear-markets (busts). " 07/20/2005 - An American Ultimatum by Mark Tier "If the revaluation of the Chinese yuan is a sure thing, as everyone seems to think, buying yuan is a guaranteed way to make money. But is it? Mark Tier explores
" 07/19/2005 - Debt, Delusion, Deception by Kurt Richebächer "The Fed continues to stand by their claim that the U.S. economy is just experiencing a "soft patch" that will be followed by high rates of economic growth. Dr. Richebächer stands firm in his belief, too
" 07/18/2005 - The World's Final Consumer by The Mogambo"It seems as though America isn't living up to its reputation as the 'ultimate consumer,' which will send a major ripple through the world economy, and spells big trouble America. The Mogambo sheds a little light on the topic
" 07/16/2005 - Financial Crack-Cocaine by Addison Wiggin and Kate Incontrera "We can all sleep a little better tonight knowing that the world-improvers in Washington are closely monitoring the housing market." 07/15/2005 - Good-bye, Ruby Tuesday by Bill Bonner "Nothing stirs up memories quite as much as music - a certain song or a certain band can take you back to a different time, place or part of your life. For Bill Bonner, that band is The Rolling Stones, and the year is 1965
" 07/14/2005 - Winning the Loser's Game by Dan Ferris "Investing is a loser's game - good investors do not pull financial rabbits out of their hats or solve difficult scientific problems. They play it safe, avoid errors in judgment - and stick to the basics. Dan Ferris explains
" 07/13/2005 - Energy's Liquid Future by Dan Denning "This is a golden age for oil and energy investments. Either that, or a fiery sunset that ends with oil and resource wars. But, Dan Denning prefers to look on the bright side
" 07/12/2005 - The Shopping Season by Bill Bonner "In the junior mining sector, summer is referred to as the 'Quiet Season,' when the flow of news dries up and brokers take off to go on vacation. However, Doug Casey shows us that this summer slump holds unrealized opportunity
" 07/11/2005 - Hairshirt Economics by The Mogambo "There is one group of people that The Mogambo despises almost as much as the Federal Reserve - journalists. And now, one has dared to challenge Mogambo's views on Greenspan
this scrivener has no idea who he's messing with
" 07/09/2005 - Oil Storm - What happens if the supply runs dry? by Addison Wiggin and Kate Incontrera "Oil has been called 'the life-blood of America.' What happens if it suddenly runs dry? Read on
" 07/08/2005 - The Blitz of London by Bill Bonner "As the citizens of London brush themselves off, and try to return to their normal lives after yesterday's terrorist attacks, Bill Bonner reminds us that this isn't the first time our British friends have been through this
" 07/07/2005 - Bubble Anatomy by Kurt Richebächer "While economic optimists try to downplay America's non-existent economic recovery - Dr. Richebächer looks at financial development through a different lens - and sees a more permanent softness in the U.S. economy
" 07/06/2005 - Irrational Exuberance by John Mauldin "Despite the fact that you can't turn on the television, open a newspaper, or surf the web without being bombarded with talk of real estate, there seems to be little public concern over rising home prices and a growing bubble
" 07/05/2005 - The Ultimate Chess Game by Kevin Kerr Legendary chess player, Gary Kasparov, has a new opponent: Vladimir Putin. Kevin Kerr looks at Kasparov's uphill battle against fascism through the eyes of the Russian press
07/04/2005 - Money Down the Rat Hole by The Mogambo "The Mogambo is in full lock-down mode at his bunker - complete with a camouflage Speedo. Why is he so frantic? The lack of growth in Total Fed Credit has a lot to do with it
" 07/01/2005 - Greatest Generation by Bill Bonner "Instead of only focusing on improving one's own life, people tend to think in the terms of the "greater good." Bill Bonner explains that the notion of spreading freedom to other nations is just an unhealthy obsession with power
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