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The Perfect Storm Is Bearing Down…

This post The Perfect Storm Is Bearing Down appeared first on Daily Reckoning. Time, the saying goes, is nature’s way of making sure that everything doesn’t happen at once. So now, maybe, we’re at the event horizon where nature is suspended because everything seems to be happening at once. The ...

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Why Investors Never Learn…

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“The financial memory,” argued John Kenneth Galbraith, “should be assumed to last, at a maximum, no more than 20 years.” Just so. But why 20 years? This is normally the time it takes for the recollection of one disaster to be erased and for some variant on previous dementia to ...

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The Most Dangerous Man…

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“The most dangerous man to any government,” argued Henry Louis Mencken, “is the man who is able to think things out… without regard to the prevailing superstitions and taboos.” “Almost inevitably,” continued Baltimore’s sage, ”he comes to the conclusion that the government he lives under is dishonest, insane, intolerable… Every ...

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Wealth Without Work…

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Allow me to summarize the dominant zeitgeist in America at this juncture of history: Grab yourself a big gooey hunk of happiness by turning a few thousand bucks into millions — anyone can do it as long as they visualize abundance and join the crowd minting millions. Beneath the bravado ...

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Biden Brings out the Stick…

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The president is no longer dangling the rewarding carrot… but seizing the punishing stick… The administration is mandating vaccination for all federal employees — and the employees of all federal contractors. Federal employees could previously slip through a loophole. They could go unvaccinated if they endured weekly testing. Now the ...

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“This Vaccine Rollout Is a Nightmare”…

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Tyrannical. Dictatorial. Medical fascism. Unconscionably unconstitutional… These are some of the devil terms we have heard ascribed to Mr. Biden’s vaccine mandate, yesterday announced. We have heard other colorful descriptions… unsuitable for publication in our pristine, snow-driven pages. The president wagged his finger at the millions of unvaccinated Americans yesterday ...

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The Hoax That Rocked the Media…

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I hope you do not mind a bit of anger in this letter. Right now, I’m really feeling it. I’m beyond fed up. This week the entire English-speaking world was rocked with an amazing claim. The issue was the overcrowding of hospitals by people who had overdosed on ivermectin, the ...

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20 Years Later…

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Spending more than a few minutes on a cable news channel or streaming website is usually an exercise in tedium. But tuning in this week quickly became intolerable. The networks are commemorating the 20th anniversary of the 9/11 attacks. We’ve had an endless parade of survivors, retrospectives and regurgitated footage ...

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No Recovery Until 2045?…

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The economy is now at a perilous point of departure. There was no V-shaped recovery, and one should not be expected. There was a severe contraction in March–April 2020, followed by a recovery in July–September 2020. However, the recovery only made up part of the lost ground, not all of ...

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The Two U.S. Constitutions…

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Tomorrow the nation celebrates Constitution Day. Rather, tomorrow the calendar acknowledges Constitution Day. Few Americans realize the high day exists. Fewer yet will hoist a cheering toast in honor of the nation’s founding charter — the first written constitution in Earth’s history. Nor will your seditious editor celebrate Constitution Day. ...

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