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DailyReckoningWallStreetBlips Member since Sept. 2, 2009 |
dailyreckoning.com - 5 days ago
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dailyreckoning.com —
“This is the apocalypse now,” read a one-line
e-mail sent to us in the very early hours...
of Thanksgiving Day. The author was Peter Cooper, our contact in Dubai… so much for the usual quiet holiday weekend.
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The Dububble Pops
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DailyReckoning
posted 5 days agoposted this
DailyReckoning
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dailyreckoning.com - 11 days ago
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dailyreckoning.com —
Whatever else may be going on, there’s a
real bull market in gold. It’s a bull market...
that began ten years ago. If you’d bought stocks then, you’d have about what you have now…less inflation. If you’d bought gold…you have about 4 times what you had then.
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The Golden Years
dailyreckoning.com - 16 days ago
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dailyreckoning.com —
“If we keep on adding to the debt,
even in the midst of this recovery, at some...
point, people could lose confidence in the U.S. economy,” President Obama told reporters in China yesterday
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Tables Turn on the US Fiscal Agenda
dailyreckoning.com - 19 days ago
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dailyreckoning.com —
“With President Obama embarking on his first official
visit to China this week,” Dan Amoss explains, “the...
issue of the dollar/renminbi peg is at the forefront of concern. As the U.S. dollar index weakens, so does the exchange rate of the Chinese renminbi versus floating currencies like the euro ...
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China vs. Obama
dailyreckoning.com - 22 days ago
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dailyreckoning.com —
Gorbachev told the Soviet people the truth: “We
can’t go on like this,” he said in 1986....
Three years later, on November 9th, 1989, the test was over.
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Ostalgie: The Haunting Fear that Others are Diddling the ...
dailyreckoning.com - 24 days ago
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dailyreckoning.com —
Most people find it both galling and absurd
to see the bankers getting $10 million bonuses while...
there is 10% unemployment. Here at The Daily Reckoning, it’s just a matter of curiosity.
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Continuing Deflation in the “Real Economy”
dailyreckoning.com - 26 days ago
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dailyreckoning.com —
When two of the world’s biggest newspapers write
big Sunday pieces on one of your favorite investments,...
is it time to cash out?
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Contrarian Alert
dailyreckoning.com - 30 days ago
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dailyreckoning.com —
With interest rates remaining at near zero levels
here in the US, I thought it to be...
appropriate to pull out this new nickname for Big Ben… “Zimbabwe Ben”…
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Rates to Remain Near Zero
dailyreckoning.com - 11/4/2009
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dailyreckoning.com —
Back in September, the IMF announced it was
selling a boatload of its gold reserves in order...
to finance its global interventions. We thought China might be a big (if not the only) buyer of the 400 tons for sale, and that any leakage of the transaction could make a big wave in the dollar and gold ...
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Behind India’s Big Gold Buy
dailyreckoning.com - 11/3/2009
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dailyreckoning.com —
Tesco Corp. (TESO:nasdaq) looks like a very cheap
stock to me. This oilfield services company is not...
merely cheap in relation to its long-term growth prospects, but it is also VERY cheap in relation to recent takeover prices in the sector.
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Tesco is a “Buy”
dailyreckoning.com - 11/3/2009
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dailyreckoning.com —
Wow, here’s some mud in the bear market’s
eye: Warren Buffett just made the biggest acquisition in...
Berkshire Hathaway history. In his words, “an all-in wager on the economic future of the US.”
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Why Buffett’s Betting Big
dailyreckoning.com - 10/26/2009
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dailyreckoning.com —
“He who goes a-borrowing, goes a-sorrowing.”The quote comes
from Ben Franklin. But it was recalled to us...
neither by America’s president, nor Britain’s Prime Minister. Instead, the Telegraph in London reported it from the mouth of Cheng Siwei, a “top member of the Communist hierarchy.”
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Macro for Dummies
dailyreckoning.com - 10/16/2009
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dailyreckoning.com —
Voters don’t like hearing about debt. Politicians don’t
like talking about it. And economists don’t want to...
think about it. And in a kind of collective suicide pact, they have all agreed not to worry about it. But debt is at the center of the world’s financial troubles.
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Bad Debt
dailyreckoning.com - 10/14/2009
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dailyreckoning.com —
What a day it was in the currency
markets on Tuesday! The rout on the dollar continued,...
and was broad-based with gains in every currency we trade. The commodity-based currencies led the pack, as the weaker dollar fueled a big run-up in raw material prices. Reports out of both Asia and Europe ...
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US Borrow and Spend Policies Continue
dailyreckoning.com - 10/13/2009
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dailyreckoning.com —
Yesterday was an official ‘bank holiday’ but apparently
most of the WorldMarkets customers were unaware, as our...
phones were surprisingly busy. Trading in the currency markets was substantially lighter than usual, and with no data releases in the US, the dollar drifted sideways throughout the ...
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The Benefits of Reserve Diversification
