12/30/06 - 2006 - The Year In Review
by Kate "Short Fuse" Incontrera "As we sifted through 12 months of issues of The Daily Reckoning, we realized that 2006 has been a pretty interesting year. From Greenspan's departure, to hybrid car mania, 2006 never kept us bored." 12/29/06 - All Men Are Created Equal
by Bill Bonner "Why is it you can hold an intelligent conversation with someone about any number of things, but when the topic is changes to the 'War on Terror' or global warming, they begin parroting nonsense they heard yesterday on MSNBC?" 12/28/06 - A Glut in Specialty Retailers
by Dan Amoss "It's the marginal consumer that keeps dozens of specialty retailers afloat. Miss one fashion trend, or allow the competition to poach your customers, and it could mean lights out in a hurry. Dan Amoss explains…" 12/27/06 - Ride the Right Bull
by Puru Saxena "It seems that investors in every asset-class are convinced about the soundness of their judgment, but as Puru Saxena points out, history reminds us that someone will be very wrong…" 12/26/06 - Aging Dollar vs. Young Amero
by The Mogambo Guru "The Amero is supposedly a proposed new common currency for Canada, the United States and Mexico that will morph us all into one big happy family, which is funny enough that rational people would contemplate such stupidity…" 12/25/06 - The Ghost of Christmas Future
by Bill Bonner "Part Three of the Daily Reckoning Christmas Trilogy… and God bless us, every one!" 12/23/06 - The Ghost of Christmas Present
by Bill Bonner "Part II of the Daily Reckoning Christmas Trilogy, first broadcast on December 24, 2000" 12/22/06 - The Ghost of Christmas Past
by Bill Bonner "Part I of the Daily Reckoning Christmas Trilogy, first penned in 1999, and updated throughout the years…God bless us, everyone!" 12/21/06 - Three Strikes Against the Dollar
by James Turk "The markets are winding down for the year-end holidays, and as a consequence, little consideration or attention is being paid to three events, each of which adds another nail to the dollar's coffin. James Turk explores…" 12/20/06 - The Future Worth of the Nickel
by Mike "Mish" Shedlock "Right now, a nickel is the closest thing to 'honest money' we have. We are in the ironic situation where the value of the dollar is falling, but the value of a nickel is rising. Whiskey & Gunpowder's Mike Shedlock wonders, in what time frame will the current (and probably soon-to-be confiscated) nickel be worth more than a dollar? " 12/19/06 - A Beauty Contest for Misshapen Half-Wits
by Adrian Ash "Even Wall Street agrees the pound sterling must tumble. Adrian Ash can't help but wonder: so why have central bankers been buying all they can get?" 12/18/06 - Moving Back Home for the Gravy
by The Mogambo Guru "The Brits have showed us that there's one surefire way to avoid the declining standard of living in America: live with your family. So if you manage to make it through the holidays without "accidentally" locking your Great Aunt Ida in the basement, this may be something you want to look into. The Mighty Mogambo explains…" 12/15/06 - 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 that was first published on Christmas Eve of 2004, American culture is all about exaggeration…" 12/14/06 - The Most Important Number in the World
by David Galland "Only rarely can you look into the economic future and see what's coming. This is one of those times. As David Galland points out, clarity is possible because of a combination of factors that leave nothing but hard choices…" 12/13/06 - Monetary Anarchy
by Dr. Kurt Richebächer "It is an old wisdom that the scale of the boom excesses determines the severity of the following economic readjustment. But what will the coming correction hold for the U.S. economy after the fall of the housing market?" 12/12/06 - An Unstable Dollar Standard
by Dr. Hans Sennholz "What to do about the U.S. dollar? Everyone has their own opinion, but can all agree on one thing: a correction is unavoidable. Dr. Hans Sennholz shares his views on the matter…" 12/11/06 - Overly Taxed Earthling Brains
by The Mogambo Guru "Some would argue that inflation is no laughing matter - but try telling that to our fearless Masked Economist. He can even find the humor in Really, Really Bad News (RRBN). Read on…" 12/09/06 - You Call This a Rally?!
by Kate "Short Fuse" Incontrera "Surge. Rally. Rebound. Comeback. All of these words were being thrown around in the news this week, and not in reference to any sort of sporting event." 12/08/06 - A Goldbug's Life
by Bill Bonner "The great 'gold vs. paper money' debate continues…in this DR Classique, first published in December of 2004, Bill Bonner takes a look at the long history of the yellow metal and tells us why our loyalty should lie with this steadfast currency…" 12/07/06 - Not So Benign Conspiracies
by Justice Litle "In the U.S. economy, 'cash' is being turned into 'trash' at a steady pace. The smart money is buying with abandon because it knows the paper bits floating around today will be worth less than the paper bits floating around tomorrow. Justice Litle wonders: how long can this go on?" 12/06/06 - No Refuge in the Herd
by Chris Mayer "As investors, every year can't be 1982, when you could buy just about anything because just about everything was cheap. Every investor must make do with the market he finds himself in. Chris Mayer explains…" 12/05/06 - The Dismal History of Phony Money
by Addison Wiggin "The fall of the dollar is like a car accident…you want to cover your eyes and walk away, but you can't help but watch it with a sense of amazement. And if you look through the history of currencies, you'll find that all printed money eventually ends up the same way: practically worthless. Addison Widdin explores." 12/04/06 - The Road to Commodity-ville
by The Mogambo Guru "The Mogambo has decided to educate the masses using his special brand attention getting tactics. On today's agenda…the stock market is only profitable for some…and for those who buy gold and silver. Read on…" 12/02/06 - An Economy on the Edge
by Kate "Short Fuse" Incontrera "Big Ben isn't the only one with problems looming overhead - U.S. Treasury Secretary Henry Paulson faces the challenge of tempering the dollar's decline…and it does not look like that will be an easy feat." 12/01/06 - Little Big Bubbles
by Bill Bonner "The derivatives market has reached a face value of $480 trillion…and 12 times the size of the entire world economy. Trading in derivatives has become not merely a huge boom or even a large bubble - but the mother of a whole tribe of bubbles…dripping little big bubbles throughout the entire financial sector. Bill Bonner explores…" 11/30/06 - A Day That Will Go Down in History
by James Boric "Two days ago, India opened its $300 billion retail sector up to a foreign mega-retailer. While this may cause howls of indignation from mom and pop store owners and politicians, James Boric explains that they need to get over it." 11/29/06 - A Future So Bright
by James Turk "Between sky-high U.S. debt levels and the Fed's knee-jerk reaction to flood the world with dollars, it's not hard to see a bright future for our favorite yellow metal. But what about in the near term? James Turk explores…" 11/28/06 - Bretton Woods
by Addison Wiggin "1944's Bretton Woods Agreement had the original intention of smoothing out economic conflict after World War II. The actual outcome ended up causing far more problems throughout the years, as today's falling dollar will show." 11/27/06 - Reverting to the Mean
by The Mogambo Guru "Somewhere along the line, the high price of gold fell to its theoretical value, and then overshot on the downside. And that's where we are now. And now the actual price is 300% below its theoretical value! The Mogambo explores…" 11/25/06 - Resource Realities
by Kevin Kerr "There are some pretty strong arguments for considering commodity futures and options for your portfolio. But can you get the same results just holding resource stocks? Not quite…" 11/24/06 - Misleading Knowledge, Part I
by Bill Bonner "There's no way of knowing what will happen in the future - in fact, our investment approach is founded on ignorance. But what if you could see what will happen, a la Back to the Future? Would it make a difference? Bill Bonner explores…" 11/23/06 - Thanksgiving
by Bill Bonner "When people think of Thanksgiving, they think of Pilgrims and Indians, sitting down at the same table to give thanks…but in this DR Classique, first run on Thanksgiving Day, 1999, Bill Bonner gives us a lesson in the real history behind the holiday…" 11/22/06 - Invest in Commodities - And Keep Your Shirt
by Jim Rogers "Investors tend to steer clear of the commodities market, saying that it's just "too risky." But, as Jim Rogers points out, there has been more volatility in the NASDAQ in recent years than in any commodities index. Read on…" 11/21/06 - Time to Go Shopping
by Puru Saxena "Many investors seem to think that the bull market in natural resources has come to a halt - but Puru Saxena looks at many of the factors surrounding the commodities market and determines that this bull is still alive and kicking…" 11/20/06 - Lessons From A Kindergartener
by The Mogambo Guru "All the Mogambo really needs to know about life…inverted yield curves…and gold, he learned in kindergarten. Read on…" 11/17/06 - What We Don't Know…
by Bill Bonner "There are plenty of things in this world of which we are fairly ignorant - global warming…peak oil…K-Fed and Britney - but then there are things of which we are fairly certain - specifically, the advantages of private investing over public investing." 11/16/06 - Fuel Me Once, Shame On…Who?
by James Howard Kunstler "OK…so the Democrats won big in the mid-term elections. But do they have what it takes to make the drastic changes that are really important to America…our push toward 'energy independence' chief among them?" 11/15/06 - Global Treasure Hunting
by Chris Mayer "There are good mid-size and small companies tucked away in places other than the United States. Stateside investors ignoring these other opportunities are like wine drinkers who don't want to try imported wines." 11/14/06 - Suicidal Trade Deficit
by Dr. Kurt Richebächer "Looking into 2007, the greatest uncertainty is whether the U.S. housing bubble will end in a hard or a soft landing. A bust would have severe adverse implications for the world economy…" 11/13/06 - Worthless Dollars in a Drafty Shack
by The Mogambo Guru "The U.S. debt and equities owned by foreigners have fallen in value, thanks to the collapse of the dollar, by a third! A 33% loss in five years! Our Mighty Masked Economist explores…" 11/12/06 - Why Are We Like This?
by Kate "Short Fuse" Incontrera "'Why are you like this?' she asked, as we explained to her more about Empire of Debt and what we do at the Daily Reckoning. 'Why write, day in and day out, on such an utterly depressing subject?'" 11/10/06 - The Million Dollar Trailer, Part II
by Bill Bonner "One of the prime examples that the housing bubble is coming to an end: when the 21st century first budded out, only 5% of mortgages were of the so-called 'sub-prime' variety, now, one in four were to sub-prime borrowers." 11/09/06 - Avoid the Crap Stocks
by James Boric "With the Dow at all-time highs, the average investor thinks that there is no way he can lose. But he fails to understand a couple things: after a rally stocks generally fall. And second, most of these stocks are discarded cast offs, or 'crap.'" 11/08/06 - Housing Speculation Hangover
by Dan Amoss "Everyone has their own opinion on the housing market - some say we've reached the bottom…others say we still have a ways to fall. One thing is certain, the situation is going to worsen for real estate speculators." 11/07/06 - How 2006 Is Like 1968
by Susan C. Walker "In American politics, financial markets, and polarization, it feels more like 1968 than 2006. Susan Walker explores the financial markets to see what kinds of rifts have developed, and how they mirror the rifts in the political world. Read on…" 11/06/06 - Economic Spaghetti
by The Mogambo Guru "Like most economic systems, everything is seemingly fine until, without warning, some errant combination of unseen forces shake your happy little world to the core. And of course, the Mogambo has a theory based on this. Read on…" 11/04/06 - Northern Exposure
by Kevin Kerr "The oil price firmed Friday on the ongoing problems in Nigeria and threats to kill workers, along with BP in Indiana getting a bomb threat, as well as cold weather moving across the plains and the East Coast. Simply put, oil was too oversold." 11/03/06 - The Million Dollar Trailer, Part I
by Bill Bonner "We are still not sure that the great bull market in U.S. residential real estate has come to an end. What we are sure of, on the other hand, is that it isn't at the beginning." 11/02/06 - Mining and the Markets
by Doug Casey "Even though the natural resource bull market is now in full swing, the lumpeninvestoriat still hasn't caught on to this trend. Doug Casey explains why you should jump on the resource train before everybody else does…" 11/01/06 - Get Rich - While Exxon Goes Broke
by Justice Litle "Last Thursday, the world's largest oil company reported that it banked $10.5 billion in the third quarter profits. Why, then, does Outstanding Investments' Justice Litle, assert that ExxonMobile could be flat broke in twenty years time? Find out below…" 10/31/06 - Stage Three Gold Rally
by James Boric "You can invest in gold stocks now - before the third stage of the rally begins (and while prices are trailing the overriding fundamentals). Or you can wait for confirmation from the herd. James Boric explains…" 10/30/06 - 25-Cent Tacos Still a Pipedream
by The Mogambo Guru "The Mogambo is a bit confused. How is it that gold exports are up, but our gold isn't actually leaving the country? The answer to this question - and more - below…" 10/28/06 - Put Your Crash Gear on For This Soft Landing
by Kate "Short Fuse" Incontrera "While many argue that housing has hit the bottom already, via a 'soft landing'; here at The Daily Reckoning, we think we still have a ways to fall. Of course, we don't have a crystal ball, but we would get the crash gear on - just in case." 10/27/06 - Iwo Jima
by Bill Bonner "Clint Eastwood's latest film, Flags of Our Fathers, tells the story of the men who raised the stars and stripes on Mount Suribachi at Iwo Jima…and the three of them who survived. Bill Bonner explores the amount of courage - and sheer stubbornness - displayed in World War II…" 10/26/06 - Restructuring the U.S. Economy - Downward
by Dr. Kurt Richebächer "After yesterday's announcement that the Fed will not be raising rates for the third straight month, everyone assumes it's because the economy is in such great shape. But Dr. Richebächer recommends that Americans remove the rose-colored glasses to see the U.S. economy for what it really is…" 10/25/06 - Endless Creit-Creation
by Puru Saxena "The Fed decided to hold rates steady today, pausing for the third consecutive meeting so they can determine the direction of the U.S. economy. But will inflation behave without the Fed heads stepping in? Puru Saxena explores…" 10/24/06 - India Rising
by Charles Sizemore "The dawn of the Information Age has allowed, among other things, India's economy to flourish - while providing the West with a seemingly never-ending supply of skilled workers at a fraction of the price it would cost at home. Charles Sizemore explains…" 10/23/06 - Minimum Wage Wins Nobel Prize
by The Mogambo Guru "If you are tired of listening to the Mogambo scream and scream and tell you how important it is to pad your portfolio with gold and silver…too bad. Because he's doing it again. Read on…" 10/20/06 - Full Spectrum Dumbbells
by Bill Bonner "Every public spectacle makes the headlines at least twice: First, in pleasant expectation; later, in miserable regret. The war on Iraq is no exception. Bill Bonner explains…" 10/19/06 - The Power of Gold
by Bill Bonner and Addison Wiggin "'So, if the U.S. economy is crumbling and we shouldn't put our money in stocks…or bonds…or housing - what do we invest in?' Our answer never wavers. "Buy gold." Read on… 10/18/06 - Paper and Promise, Part II
by James Turk "Yesterday, James Turk shared an excerpt from his book, The Coming Collapse of the Dollar, which showed the origins and true nature of money. In the conclusion of this two-part essay, Mr. Turk examines the roots of the U.S.'s monetary system. Read on…" 10/17/06 - Paper and Promise, Part I
by James Turk "Just as a given word means the same thing over years and centuries, allowing language to convey ideas from one generation to the next, money communicates the measurement of wealth." 10/16/06 Debt, The Dollar, and Snakes
by The Mogambo Guru "There is nothing funny about debt. But as the Mogambo explains, laughter may be a viable path to True Mogambo Enlightenment…"
10/14/06 The Supermarket of Dreams
by Chris Mayer "The supermarket of dreams." That's what Max Gunther calls the stock market in The Zurich Axioms. Indeed it is. Especially when the market is going up - but there's more to the story when you start to look at it a little closer. 10/13/06 - The Late Great Helmsman, Part II
by Bill Bonner "Today, Bill picks up where he left off in last Friday's essay - with our sordid protagonist, Mao Tse-tung, lolling in his sedan chair, with scrawny, skin-kneed porters hauling him all around China. Read on…" 10/12/06 - TheParis of South America
by Chris Mayer "Investors have been wary of putting their money into Argentina since the country's financial meltdown in 2001. But Chris Mayer explains that five years later the Argentine economy is quickly growing - and there are many opportunities to profit. Read on…"
10/11/06 - The Coming Correction
by Bill Bonner and Addison Wiggin "Now that the housing market has gone soft, what's next? Well, despite a stock market rally and high consumer confidence, a correction is headed our way - and it won't be pretty." 10/10/06 - False Signals and Unrealistic Hopes
by James Howard Kunstler "The basic insanity of a system that presumes vastly increased wealth where none will occur, has led to further distortions in finance."
10/09/06 - Something Strange in the Neighborhood
by The Mogambo Guru "There's a chill in the air…and it's not just the change of seasons. The Mogambo's economic nose is twitching…find out why, below…"
10/06/06 - The Late, Great Helmsman
by Bill Bonner "Mao never cared about ideology. He murdered his keen communist followers as readily as capitalist roaders. He took money from Moscow…but he also turned his back on the Russians whenever he could get away with it. Read on…"
10/05/06 - Sucker High
by Justice Litle "So…the Dow hit a 'new high,' but as Justice Litle points out, more than 70% of the stocks that compose it are well and truly under water. When will Wall Street get a sense of perspective? Read on…"
10/04/06 - The Revolution of 1913
by Addison Wiggin "Americans needlessly 'live in the war-torn, debt-ridden, tax-harried wreckage of a once imposing edifice of the free society which arose out of the American Revolution on the foundation of the U.S. Constitution.'"
10/03/06 - The Empire Has No Clothes
by Puru Saxena "Despite all of the evidence to the contrary, Americans still believes that the United States will continue to be the world's economic superpower - indefinitely. A closer look at the facts, however, tells a very different story…"
10/02/06 - Inflation: The Real Hamburglar
by The Mogambo Guru "I make a mental note that since the government is tapping our phones now, I can simply have FBI give me a list of exactly who was talking to who in my class, so that I can take my calculated revenge with their final grades."
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