Reports

This post Final Nail in the Coffin appeared first on Daily Reckoning. The stock market was down today, but it’s still trading at record highs. The mainstream financial media will tell you it’s because the market is anticipating a robust recovery as the economy continues to reopen and vaccination numbers ...

There is a whiff of unease in the air. Beneath the cheery veneer of free money for almost everyone, growing inequality and polarization are rapidly consuming what’s left of common ground in America. Though there are many systemic differences between China and the U.S., humans in every nation are all ...

MMT is the most potentially damaging economic doctrine I have ever encountered, with the exception of communism. Let’s begin with the idea that the Fed and Treasury should be merged in practice so that the Fed will monetize any amount of spending or borrowing the Treasury wants. The reason markets ...

If we misdiagnose the disease, our treatment won’t work. We’re all familiar with medical misdiagnoses, which lead to procedures and prescriptions that can’t possibly fix the patient’s illness because the source has been missed or misinterpreted. Medical diagnoses are often tricky, as many general symptoms can arise from a variety ...

“I don’t know what the [expletive] I’m doing.” Here you have the confession of a stock trader. A stock trader with three days’ experience. “I just know I’m making money,” — perhaps $300 per day, he gloated. Analyst Jason Zweig best tells this fellow’s tale: You could have made good ...

Mr. Brian Deese, reigning National Economic Council Director: “Government must be a powerful force for good in the lives of Americans.” Mr. Ron Reagan, 40th United States president: “The nine most terrifying words in the English language are: I’m from the Government, and I’m here to help.” Today we bolt ...

Mr. Biden is an old man in a hurry… There he is… atop his galloping steed, whip in his hand, glory in his eyes — and history on his mind. Axios: President Biden recently held an undisclosed East Room session with historians that included discussion of how big is too ...

Archegos was not a household name until about two weeks ago when it made headlines all over the world. Archegos Capital Management is a family office controlled by Bill Hwang, a former hedge fund trader. Family offices can be conservative in their investment approach, but they can also be as ...

With so much news about an economic reopening, a border crisis, massive government spending and exploding deficits, it’s easy to overlook the ongoing war on cash. That’s a mistake because it has serious implications not only for your money, but for your privacy and personal freedom, as you’ll see today. ...

Gold has taken a hit this year, no doubt about it. Since peaking over $1,950 in early January, the price of gold has fallen to $1,725 today. But not all is doom and gloom. Some perspective is needed. If we go back to the beginning of the current bull market ...