Daily Reckoning feed

By Nomi Prins This post 4 Pillars of Debt in Danger of Collapse appeared first on Daily Reckoning. Last month I was in a series of high-level meetings with members of Congress and the Senate in Washington. While there’s been major news about the Supreme Court, my discussions were on something that both sides of […]

By Kyle Smith This post Learn How to Earn… and Actually Keep Your Earnings appeared first on Daily Reckoning. In the U.S. we are obsessed with football—the American kind. Every year, each of the 32 professional teams perform a draft where they pick the best player from college teams across the country and pay them

By Brian Maher This post The Real Reason the Market’s Crashing appeared first on Daily Reckoning. 832 points the Dow Jones lost yesterday — its third-largest point drop in history. The S&P and Nasdaq were also knocked flat. Markets peeped out of their foxholes this morning, apprehensively… like battle-shocked troops after an artillery siege. Down

By Robert Kiyosaki This post Why the Middle Class Is Screwed appeared first on Daily Reckoning. Last December, Congress passed the largest U.S. tax system overhaul in more than 30 years—a $1.5 trillion tax cut, but America’s middle class will see less than a quarter of the savings under the legislation. In 2018, middle-income households—those

By Zach Scheidt This post INSIDE: The Holiday Shopping List That Pays YOU! appeared first on Daily Reckoning. If there’s one thing I hate more than shopping, it’s last minute shopping. Last year, I did most of the holiday shopping for the family online. So I thought I had all my ducks in a row.

By Robert Kiyosaki This post Buy a Fancy Car and Get Richer at the Same Time appeared first on Daily Reckoning. Everyone loves to buy nice things. Those that say they don’t… well, they’re liars who “can’t afford” to do so. From infancy, before we can even talk, we’re wired to chase shiny things. We’re

By James Rickards This post The Bull Market in Bonds Still Has Legs appeared first on Daily Reckoning. Is the thirty-seven year bull market in U.S. Treasury notes dead? Yields to maturity on 10-year U.S. Treasury notes are now at their highest level since April 2011. The current yield to maturity is 3.21%, a significant

By Robert Kiyosaki This post Why Amazon’s $15 an Hour Won’t Save America appeared first on Daily Reckoning. The first federal minimum wage took effect 80 years ago this month: it was 25 cents. Today, adjusted for inflation, it would be worth $4.19. The Fair Labor Standards Act was passed by President Franklin D. Roosevelt.

By Nilus Mattive This post 3 Things to Watch with College Savings Plans appeared first on Daily Reckoning. I want to talk to you about 529 plans, which are the most popular way for people to save for college expenses. So let’s do that today… A 529 plan is a tax-advantaged savings plan designed to

By Charles Hugh Smith This post When Does This Travesty of a Mockery of a Sham Finally End? appeared first on Daily Reckoning. Credit bubbles are not engines of sustainable employment, they are only engines of malinvestment and wealth destruction on a grand scale. We all know the Status Quo’s response to the global financial