By Patrick Stout This post TECH ALERT: Big Bucks From “Blood Valley” appeared first on Daily Reckoning. The Montreux Casino was going up in flames. And along with it went the recording studio which a famous rock band had booked for a free session the next day. The members of the band watched in horror […]
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By James Rickards This post Free-Riding Investors Set up Markets for a Major Collapse appeared first on Daily Reckoning. Free riding is one of the oldest problems in economics and in society in general. Simply put, free riding describes a situation where one party takes the benefits of an economic condition without contributing anything to
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By Brian Maher This post The Tripwire on the Next “Black Monday” appeared first on Daily Reckoning. “Black Monday” — Oct. 19, 1987 — remains the bloodiest one-day carnage in market history. 508 points the Dow Jones plunged that hell-sent day — an impossible 22%. A similar stock market event today would translate to a
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By Brian Maher This post What Now? appeared first on Daily Reckoning. The long, dark night of the soul has ended… and joy is once again upon the land. Up 251 points yesterday, the Dow Jones set its first record high since February’s “correction.” The usual rah-rah men were in full blast. Even the president
By Timothy Sykes This post How to “Crash-proof” Your Portfolio appeared first on Daily Reckoning. When I first wrote my best-selling book, An American Hedge Fund, several “financial experts” told me straight up that I was crazy. They didn’t think average retail investors and traders would understand my niche strategy that, I’ll admit, was definitely
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By Brian Maher This post The Middle Class Retirement Nightmare appeared first on Daily Reckoning. Today we bear dire news… Millions of Americans may have to delay retirement for years — if not permanently. Like a squirrel facing a long winter with a lean stash of acorns… 80% of American workers have under one year’s
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By Jody Chudley This post [Just In] CEO Bets $50 Million On His Own Company! appeared first on Daily Reckoning. Now here is a CEO that I could invest alongside… His name is David Weinreb, and he is the top dog at real estate development firm Howard Hughes Corporation (HHC). Howard Hughes is in the
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By Nomi Prins This post 10 Years Later, a Debt Crisis Is Building Again appeared first on Daily Reckoning. Though it seems like only yesterday, it’s been a decade since my former employer, Lehman Brothers went bankrupt, and in the process, helped instigate a massive global financial crisis. That collapse catapulted the Federal Reserve on
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By Brian Maher This post “Who Killed the Deficit Hawks?” appeared first on Daily Reckoning. Guns. Butter. Bread. Circuses. And debt. These the American people were treated to in heaping doses yesterday… The United States Senate voted 93-7 in favor of a generous $854 billion spending bill. An “unprecedented government spending spree” is how one
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By Zach Scheidt This post HOUSING ALERT: Florence To Topple Home Prices! appeared first on Daily Reckoning. If your home were to be destroyed, where would you live? That’s the question that too many families are grappling with today following the devastation of Hurricane Florence. Homes in Wilmington, Columbia, Charleston and Myrtle Beach have been
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