Daily Reckoning feed

By Jody Chudley This post Poor Infrastructure Costs Permian Producers $22.09/Barrel appeared first on Daily Reckoning. The ability of the American oil producers to grow production continues to amaze. Shale oil production in the Permian Basin keeps surging higher. Unfortunately, the inability of American oil producers to plan for this production growth also continues to […]

By James Rickards This post Trouble Brewing in Emerging Markets appeared first on Daily Reckoning. Emerging markets, EMs, have had an amazing run over the past two years. Moving in lock step with U.S. stock markets, the leading EM stock ETF has produced gains of over 50% since early 2016. But just as U.S. stocks

By Brian Maher This post An Urgent Warning for the Fed appeared first on Daily Reckoning. The Federal Reserve is unwinding its balance sheet. At the same time, the Treasury is issuing gorgeous amounts of debt to pay for the Trump tax cuts. Are the two policies — seemingly disconnected — combining to create a

By Zach Scheidt This post Small Stocks Are Set For BIG Gains appeared first on Daily Reckoning. Stocks are making another set of new highs this week much to the delight of investors across the country. What’s that? You thought the market was still in a correction? You must be looking at the wrong chart…

By James Rickards This post A Recession Is Coming… And the Fed Can’t Stop It appeared first on Daily Reckoning. Is the Fed ready for the next recession? The answer is no. Extensive research shows that it takes between 300 and 500 basis points of interest rate cuts by the Fed to pull the U.S.

By Brian Maher This post Uh-oh: Unemployment Falls Below 4% appeared first on Daily Reckoning. Bad news frightens us — but good news terrifies us. The May jobs report came out Friday. It revealed the unemployment rate has sunk to a booming 3.8%. For only the second occasion since 1969… the unemployment rate has slipped

By James Rickards This post The Federal Reserve Dilemma: No Good Choices appeared first on Daily Reckoning. Beginning in December 2015, Janet Yellen put the Fed on a path to raise interest rates 0.25% every March, June, September and December, a tempo of 1% per year through 2019, until the Fed “normalizes” interest rates around

By Brian Maher This post A Bold Prediction Comes True appeared first on Daily Reckoning. Two weeks ago yesterday we dared the wrathful gods… and tempted fate with a rare prediction. From The Daily Reckoning, dated 17 May: May 31 is the date of the next drop… We do not forecast a cataclysm — but

By Jacob Johnson This post What History Teaches About Interest Rates appeared first on Daily Reckoning. “At no point in the history of the world has the interest on money been so low as it is now.” Who can dispute the good Sen. Henry M. Teller of Colorado? For lo eight years, the Federal Reserve

By Brian Maher This post Just How Low Are Today’s Interest Rates? appeared first on Daily Reckoning. “How is your wife?” someone supposedly asked Winston Churchill. The reply, oozing Churchillian wit from every pore: Compared to what? Today’s interest rates are low. But today we consider the “real” question: Interest rates are low… compared to