| 12/31/2005 - 2005 - The Year in Review |
| by Kate Incontrera "Well, it's that time of year again. Time to look back one last time before hopping into the New Year…" |
 |
| 12/30/2005 - Spontaneous Order |
| by Bill Bonner "We are often asked: "So, what exactly do you guys do again?" Admittedly, sometimes we wonder the same…but Bill Bonner did a brilliant job of enlightening his employees at this year's holiday meeting…" |
|
| 12/28/2005 - Thom Hickling, R.I.P |
| by Bill Bonner "Somehow, Thom could create a party just by walking into a room." |
|
| 12/27/2005 - Secrets of the Near Dead |
| by Bill Bonner "In line with his true contrarian nature, Bill Bonner believes that the more out of touch with the current thinking an investor is, the more valuable his opinions. Read on…" |
|
| 12/26/2005 - Menace to Society |
| by The Mogambo Guru "The highlight of every holiday season for us here at The Daily Reckoning is the annual Christmas card from our friend, The Mighty Mogambo. And in this holiday spirit, we give you…The Mogambo's Monday Essay (TMME)…" |
|
| 12/23/2005 - Over the Top |
| by Bill Bonner "The holiday season is a perfect time to see American over-consumption in all it's glory…and as Bill Bonner points out in this DR Classique, first published on Christmas Eve of 2004, American culture is all about exaggeration…" |
|
| 12/22/2005 - Inflation Monster Captured |
| by Mike Shedlock "Why should inflation be targeted at 2%, not 1% or 3%? Why should any inflation be targeted at all? Even if it were for some reason smart to target prices, can prices really be measured accurately?" |
|
| 12/21/2005 - The Power of One |
| by Mark Skousen "Next year we will celebrate Ben Franklin's 300th birthday. Dr. Mark Skousen, author of The Compleated Autobiography by Benjamin Franklin, uses this remarkable figure in American history to show how we can profit from his wisdom." |
|
| 12/20/2005 - Where Do We Go From Here? |
| by John Mauldin "Today we have the final installment of the debate between GaveKal and our own Bill Bonner. John Mauldin has heard from both sides, and now it's time for him to contribute his thoughts on whether or not trade deficits do matter…" |
|
| 12/19/2005 - To Trust, Or Not To Trust, The Banks Are In Question |
| by The Mogambo Guru"Gold's rise has some investors dancing in the street, singing the yellow metal's praises - while others, who don't hold physical gold bullion are banging their head against the wall. The Mogambo Guru explains…" |
|
| 12/18/2005 - Surrender, Christmas! |
| by Kate Incontrera "Hmmm…we'd heard about the War on Terror, the War on Poverty, the War on Drugs - but the War on Christmas? This was news to us." |
|
| 12/16/2005 - Evening in America |
| by Bill Bonner "The codgers refinance their houses, pay with credit cards, and vote for whoever promises them the most of someone else's money. In politics, and in money, the grumps go along with whatever is popular - just like everyone else." |
|
| 12/15/2005 - Gold Stocks and Burning Matches |
| by Doug Casey "I hope you won't fall in love with them. Although I'm a philosophical gold bug, I'm not always a gold bull. I always keep in the back of my mind that gold shares aren't heirlooms; they're burning matches." |
|
| 12/14/2005 - The True Greenspan Legacy |
| by Dr. Kurt Richebächer "If Alan Greenspan jettisoned all inherited rules, he nevertheless chose one predominant rule, actually, his only rule: a strictly asymmetric policy pattern." |
|
| 12/13/2005 - Popular Delusions |
| by Addison Wiggin "So what do you do? You stick to the old chestnuts like 'buy low, sell high.' How do you know what's low? Well, you have little help in making that determination, except for what has happened in the past. " |
|
| 12/12/2005 - Those Rich Guys and their Precious Metals |
| by The Mogambo Guru "The best part - and this is why you should be buying gold - is that the price of gold is being held down by governments because it reflects so bad on them, giving you a bargain." |
|
| 12/10/2005 - Road Trips and Market Signs |
| by Kate Incontrera "Your editors recently took a road trip cross-country. During the four-day journey, many things struck us: how flat and windy Oklahoma is…and that you can learn a lot about our country by just reading the signs." |
|
| 12/09/2005 - Something Wicked This Way Comes |
| by Bill Bonner "The force of a correction is equal and opposite to the deception and delusion that preceded it. Alan Greenspan, George W. Bush, and all the great nabobs of positivism assure us that there is nothing to fear." |
|
| 12/08/2005 - The Gold Standard Gets No Respect |
| by Chris Mayer "The gold standard is nothing more than a straitjacket. To those who see gold's charms, that is precisely its chief merit. You see, the gold standard checks the creation of new money." |
|
| 12/07/2005 - Capitalism and Cow Worship |
| by Sala Kannan "Consumerism is big business in India. There will be 628 million middle-class Indians by 2015. And already, their net income has doubled over the last 10 years. Obviously, every multinational company now wants to sell in India." |
|
| 12/06/2005 - Same As It Ever Was |
| by John Mauldin "Bonner sees the United States as an empire. That in and of itself is not exactly a new thought. Many hold that line of thinking, and do so proudly." |
|
| 12/05/2005 - If Only King Midas Would Return |
| by The Mogambo Guru "'Global gold production is set to decline dramatically over the next four years and this is set to generate a scramble for gold ounces.'" |
|
| 12/02/2005 - Looking Out For The Larvae |
| by Bill Bonner "Today, the child born in America practically has an electronic ankle tag put on him immediately. He's got his share of about $50 trillion in obligations to pay; they need to make sure he doesn't get away." |
|
| 12/01/2005 - Panem Et Circenses |
| by Justice Litle "We may not be reliving the last days of Ancient Rome, but it sure feels like it." |
|
| 11/30/2005 - Paying For War |
| by Bill Bonner "When America entered the war, its expenditures outdid the other combatants, averaging $42.8 million per day from July 1917 until June 1919." |
|
| 11/29/2005 - Our Brave New World, Part II |
| by John Mauldin "GaveKal not only asserts that a dollar asset standard is developing, but that it is superior to gold. Quite simply, they argue that since gold cannot grow at a fast enough pace to maintain global growth, it has to be replaced." |
|
| 11/28/2005 - Here Comes The Story Of A Hurricane |
| The Mogambo Guru "It is going to be a sizable whack to the head of the economy, which is, in German, probably something like: grosse kopfschlag uppensiden ekonomie gewhacken oof!" |
|
| 11/26/2005 - Silver Spoons and Blood Brothers |
| by Kevin Kerr "William Herbert Hunt and Nelson Bunker Hunt had been accumulating silver for years, and the only way they could make their scheme work was to partner with some wealthy Arabs…" |
|
| 11/25/2005 - Land of the Deadheads |
| by Bill Bonner "Yesterday was the greatest of American holidays, Thanksgiving Day. It is the day we are meant to show appreciation for all the many blessings showered upon us…" |
|
| 11/24/2005 - Thanksgiving |
| by Bill Bonner "Somewhere deep in the most primitive part of his medulla oblongata, the part of the brain where race memories are stored, Beirne resists Thanksgiving. It is, after all, a Yankee holiday." |
|
| 11/23/2005 - What Hath Alan Wrought? |
| by Bill Bonner "Alan Greenspan is the most famous bureaucrat since Pontius Pilate. Like Pilate, he hesitated, but ultimately gave the mob what it wanted." |
|
| 11/22/2005 - The Great Debate |
| by Puru Saxena "So, on one hand, the Federal Reserve continues to inflate, and on the other hand, it is raising rates. 'But why would they do that?' you may ask." |
|
| 11/21/2005 - Enter the Recession |
| by The Mogambo Guru "The Fed is so desperately trying to keep this contraction ("deflation") from taking hold in the first place, by creating inflation, which will kill us just as fast." |
|
| 11/20/2005 - Dreaming of a Gold Christmas |
| by Kate Incontrera "Last Thursday, gold for December delivery rose $7.80, or 1.6 percent, to $486.90 an ounce, the highest close since January of 1988." |
|
| 11/18/2005 - Remembering Remembrance Day |
| by Bill Bonner "There is something about the métier of soldiering that seems to attract martinets and blockheads. We see what it is immediately. A thoughtful man might wonder what the point is." |
|
| 11/17/2005 - Greed Is Good! Or Is It? |
| by Kevin Kerr "When we seek more, and that's more of anything, we tend to make rash or impulsive decisions, and ultimately this negatively affects us." |
|
| 11/16/2005 - The Tyranny of the Living |
| by Bill Bonner "Oh, progress! Thou art forever making things better, aren't thou? Throw out the sacred books - what are they, but the thoughts of dead imbeciles?" |
|
| 11/15/2005 - This Time It's Different |
| by John Mauldin "First, there is a new business model. Just as industrialists were new in the late 1700s, there is now a new model developing. GaveKal calls this new model 'platform companies.'" |
|
| 11/14/2005 - Inflation Expectations |
| by The Mogambo Guru "Greenspan also said, 'Inflation expectations have decreased, and accordingly, the inflation premiums embodied in long-term interest rates around the world have come down.' Huh?" |
|
| 11/12/2005 - What?! There's A Real Estate Bubble? |
| by Kate Incontrera "In the words of the Mogambo Guru: Hahahahaha! Of course there's something to this 'bubble idea'! |
|
| 11/11/2005 - Remembrance Day |
| by Bill Bonner "For whom did the bells toll? It was precisely this hour on this day of this month in 1918 that bloodiest war in human history came to an end." |
|
| 11/10/2005 - Is Japan Back? |
| by Chris Mayer "Normally, I wouldn't get excited about something so hashed out in the mainstream media. But it's hard to ignore the world's second largest economy. " |
|
| 11/09/2005 - War and Empire, Part II |
| by Byron King "The first rule of winning a war is to avoid defeating yourself…As Sun Tzu said, 'The skillful warrior can achieve his own invulnerability. But he can never bring about the enemy's vulnerability.'" |
|
| 11/08/2005 - War and Empire, Part I |
| by Byron King "In Chapter 13 of his work, Sun Tzu writes of the use of spies in war, and the necessity of understanding what is going on in the enemy camp: 'Spies are a key element in warfare. On them depends an army's every move.'" |
|
| 11/07/2005 - Necessinflation |
| by The Mogambo Guru "Greenspan is the opposite of what a competent central banker is supposed to do! If he really were a good central banker, none of these bad "crisis" things would have happened in the first place!" |
|
| 11/05/2005 - Market Mentality |
| by Kate Incontrera"Once a month, the Bureau of Labor Statistics release reports to show how many jobs have been added in the past month, what the unemployment rate is, and other fun facts." |
|
| 11/04/2005 - Looking Up…Down on the Pampas |
| by Bill Bonner "Investing in any country is a gamble. Not only have you know idea what cards might turn up, you also have a sneaking suspicion that the dealer may have one or two up his sleeve." |
|
| 11/03/2005 - The Dollar Hit Parade |
| by Justice Litle "So why is the dollar so popular? What gives America free reign to settle debts in its own currency, print more of it at will and impose its fiscal whims on the rest of the world?" |
|
| 11/02/2005 - The Speculator as Hero |
| by Doug Casey "A speculator is simply someone who sees, or anticipates distortions in the marketplace and positions himself to take advantage of them. He can do that because he understands their causes, and their effects." |
|
| 11/01/2005 - All Saint's Day |
| by Bill Bonner "Pumpkins, witches and cobwebs. With all the décor around Paris at the moment, you'd never know Halloween was once an unknown holiday." |
|
| 10/31/2005 - Gold and 1,000 Frozen Pizzas |
| by The Mogambo Guru "I noticed that my entire portfolio used to be able to buy exactly 1000 frozen pizzas, but after all of this inflation, my quarterly statement shows that my portfolio can only buy 960 pizzas." |
|
| 10/30/2005 - Monetary Mischief |
| by Chris Mayer "In Bernanke, I think we get a Fed chief who will reliably stay with the Greenspan playbook, at least in the near term. But I think Bernanke will prove easier than Easy Al." |
|
| 10/28/2005 - A Daily Reckoning Desideratum |
| by Bill Bonner "Speak your truth quietly and clearly; listen to others, even the dull & ignorant, for they too have money to spend." |
|
| 10/27/2005 - Man-Made Disasters |
| by Dr. Marc Faber "The Bush administration - despite constant warnings from the Southeast Louisiana Flood Control Project - elected to under-fund the Lake Pontchartrain levee project by nearly 80%." |
|
| 10/26/2005 - Power Shifts |
| by Puru Saxena "History has never been kind to empires. They rise from the ashes, flourish and eventually decay. The past is dotted with glorious states, which ultimately faced the inevitable - the eventual decline!" |
|
| 10/25/2005 - America's Reality |
| by Dr. Kurt Richebächer "All that is needed to stop the consumer borrowing-and-spending spree in its tracks is a halt to the rise in house prices, implicitly finishing the provision of increasing collateral for higher borrowing." |
|
| 10/24/2005 - The SUA Took My Silver Away |
| by The Mogambo Guru "Rising to the theatrical occasion, I drop to one knee, raise my arm towards the heavens, and with a voice revealing a breaking heart, cry, "But are there are any limitations as to how much silver a citizen…can buy?" |
|
| 10/22/2005 - So…What's Plan B? |
| by Kate Incontrera "Commuters all across the country are driving 50-100 miles a day to get to and from their jobs. In highly populated areas, like New York and Maryland, some commuters spend 90 minutes driving each way to work." |
|
| 10/21/2005 - The Iraq War, Part II |
| by Bill Bonner "The best way to win a war, said Sun Tzu, is to let your enemy defeat himself. That is roughly what U.S. forces are doing in Iraq. They are helping to destroy the great Anglo-Saxon commercial empire." |
|
| 10/20/2005 - Inflating the Numbers |
| by John Mauldin "Is inflation running at a 9.4% clip, a 5.6% rate of just over 2%? The correct answer is both. It just depends upon how you want to calculate the numbers and over what time period you want to calculate them." |
|
| 10/19/2005 - Where to Wait Out the Bird Flu |
| by Bill Bonner "We have a special treat for you today, dear reader - an essay from Bill in the middle of the week. This topic is so interesting and timely that it simply couldn't wait until Friday." |
|
| 10/18/2005 - Shadows Of Foreign Debt |
| by Hans Sennholz "The U.S. government itself is suffering huge budget deficits that amount to several hundred billion dollars annually…"A poor man's debt makes a great noise; a rich man's debt makes no sound." |
|
| 10/17/2005 - The World's Greatest Central Banker |
| by The Mogambo Guru "What else could they say about the guy, when they were all there at Jackson Hole to pay homage to the damned man. But it was a little overboard for me, so I will attack them without mercy!" |
|
| 10/16/2005 - The New American Dream |
| by Kate Incontrera "Living in the suburbs - away from the city, away from the hub of American commerce - has been ingrained in us. Suburbia is the new American dream…" |
|
| 10/14/2005 - The Iraq War - Part I |
| by Bill Bonner "There is much controversy surrounding the war in Iraq…but most who speak out against it, miss the true geopolitical importance of the war. Bill Bonner explains…" |
|
| 10/13/2005 - The Great Resource Bull Markets, Then and Now |
| by Doug Casey "At this stage of the super-cycle, more people have access to markets than ever before, increasing their standards of living and therefore increasing their demand for resources." |
|
| 10/12/2005 - The Booming 51st State |
| by Chris Mayer "Credit cycles turn, dear reader, and this one will turn also - both in the mainland United States and in the future 51st - and anywhere else easy money has left her unmistakable footprints.' |
|
| 10/11/2005 - In The Aftermath, Part II |
| by Justice Litle "At the end of the day, America has essentially borrowed $2 trillion from the rest of the world and spent it in mostly nonproductive ways. The Fed fueled this binge and facilitated a gold rush in paper assets." |
|
| 10/10/2005 - A Mogambo, A Machinegun and A Boom |
| by The Mogambo Guru "As Halloween is right around the corner, it seems fitting that there are some seriously frightening things happening in the economic world. The Mogambo Guru explains…" |
|
| 10/07/2005 - Rainbow Warriors |
| by Bill Bonner "Not only is the U.S. Navy generous in offering bed and board to the N.Y. journalists, it apparently does so to a wide variety of humans, and all on the same condition: They agree to promote and protect the empire." |
|
| 10/06/2005 - An Oil Boom - Without The Oil |
| by Byron King "I cannot speak for the Almighty, but I believe that this boom has more to do with the monetary expansion of Mr. Alan Greenspan, and the predictions of a fellow named Dr. M. King Hubbert, than with the Big Guy upstairs." |
|
| 10/05/2005 - In The Aftermath, Part I |
| by Justice Litle "The assessment of the situation is a little less pessimistic. It looks like damaged ports and refineries may be brought back on line faster than feared, and worst-case scenarios may yet be avoided." |
|
| 10/04/2005 - Taking The Bull By The Horns |
| by David Fuller "Governments can't control the rising price of oil imports, which push up inflation. What is the most tempting way to deal with this risk? Increase the amount of money in circulation." |
|
| 10/03/2005 - Hi-Ho, Silver |
| by The Mogambo Guru "You will be surprised to know that there have been times when silver traded at a premium to gold. So, if this were one of those times, silver would be at over $470 per ounce. It is selling for about $7 right now." |
|
| 10/01/2005 - War Games |
| by Dan Denning "One thing is clear: The production of cheap, high-quality petroleum is declining. This will unleash a series of geopolitical and domestic economic consequences." |
|
| 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…" |
|
|
|
|
