Daily Reckoning feed

By Charles Hugh Smith This post The Next Financial Crisis Is Right on Schedule (2019) appeared first on Daily Reckoning. After 10 years of unprecedented goosing, some of the real economy is finally overheating: costs are heating up, unemployment is at historic lows, small business optimism is high, and so on — all classic indicators […]

By Brian Maher This post The Biggest Casualty of the Financial Crisis appeared first on Daily Reckoning. Today we acknowledge a grim anniversary… Lehman Bros. shuttered its doors 10 years ago this very day… and the Great Financial Crisis was underway. A decade on, America is still shoveling its way out. The stock market has

By Brian Maher This post Is Trump’s Tax Cut “Paying for Itself”? appeared first on Daily Reckoning. There is absolutely nothing wrong with America’s finances that a miracle couldn’t fix… as the great man said. We learn this week that 2018’s budget deficit currently rises Himalayan-high to $895 billion — a 39% increase over last

By Zach Scheidt This post Every Parent’s Worst Nightmare… And How It Relates To Your Bank Account appeared first on Daily Reckoning. My teenage daughter had a minor collision on her way to work yesterday. She’s totally fine. Everything is alright. She was in a rush because her little sister took too much time getting

By James Rickards This post Don’t Miss the Signs of Another Slow-Motion Meltdown appeared first on Daily Reckoning. If you’ve ever lived through a life-threatening emergency — whether a car crash, train wreck or a steep fall (hopefully not) — you have noticed that time seems to slow down. You witness your personal jeopardy in

By Brian Maher This post The Rate Hike That Will Trigger a Bear Market appeared first on Daily Reckoning. The Federal Reserve will almost certainly raise its benchmark rate in under two weeks — for the eighth occasion since December 2015. For a market dizzied by the helium of low interest rates, rising rates are

By Jody Chudley This post SHOCKER: Buffett Bets On Asia… Confirms Our Trend appeared first on Daily Reckoning. In early August, I wrote about how one of the best hedge fund managers of the past twenty years has put a staggering 40 percent of his fund into stocks in India. That isn’t just a bold

By Zach Scheidt This post Wake Up A Millionaire… Over And Over Again… appeared first on Daily Reckoning. “Get in the car kids, we’re celebrating!” I had to laugh at the different responses from my kids. The little ones jumped out of bed and flew down the stairs. They didn’t know what was up, but

By Brian Maher This post WARNING: 75% Chance of Bear Market appeared first on Daily Reckoning. A raging hurricane — Florence — menaces the East Coast. Landfall is expected Thursday… by which time it may attain the fury of a Category 4 tempest. Meantime, a different type of menace drifts into view… One prominent market

By James Rickards This post The Fed’s Lost Opportunity to Return to Normal appeared first on Daily Reckoning. Current Fed policy will push the U.S. economy to the brink of recession, possibly by later this year. When that happens, the Fed will have to reverse course and ease monetary policy. Meanwhile, the economic cheerleaders recite