The Daily Reckoning

This post “It’s the Economy, Stupid!” appeared first on Daily Reckoning.

The trade war may be damaging China even more than official numbers indicate…

The post “It’s the Economy, Stupid!” appeared first on Daily Reckoning.

This post Who Has the Trade War Hurt More: U.S. or China? appeared first on Daily Reckoning.

Yesterday we hazarded a defense of free trade. Here was the rock of our argument: A free man — even an American — enjoys the right to purchase his wares at the lowest price he can obtain them. That is, we stood upon “that right which man has to purchase his sustenance where he can […]

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This post The Nationalist Case for Free Trade? appeared first on Daily Reckoning.

Is there a nationalist case for free trade? That is the question we tackle today, as our thoughts turn to trade… United States and Chinese trade officials are presently huddled at Washington. Talks had also been scheduled for Friday. Markets took fright yesterday when it appeared China’s negotiators would back away this evening. But this […]

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This post America’s Forgotten Depression of 1920–21 appeared first on Daily Reckoning.

The year is 1921… America is less than three years removed from triumph on the Western Front. The twenties are set to roar… and the Jazz Age is in swing. Warren Gamaliel Harding sits at the presidential desk. And the nation is sunk in depression… U.S. industrial production plunged 31% between 1920 and 1921. Stock […]

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This post Impeach Everybody appeared first on Daily Reckoning.

The president is absorbing a severe battering. From his left, Democrats seek to bayonet him out of office. They insist his sins against American democracy are of the mortal, impeachable variety. From his right, the war hawks and bugle blowers rage against him. They claim he has handed Turkey a permission slip to gobble northern […]

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This post This Is Your Brain on Stock Market appeared first on Daily Reckoning.

“It’s impossible to act rationally. It’s impossible to get rid of the cognitive biases”…

The post This Is Your Brain on Stock Market appeared first on Daily Reckoning.

This post Time to Chuck Conventional Financial Advice appeared first on Daily Reckoning.

Exposing the “save to be a millionaire” myth…

The post Time to Chuck Conventional Financial Advice appeared first on Daily Reckoning.

This post No. 1 Proven Way to Keep Your Money appeared first on Daily Reckoning.

Dear Reader, Pop quiz: When you receive a paycheck, who do you pay first? If you’re like most Americans, you’re probably paying everyone else first — your rent/mortgage, groceries, utilities, car payment, insurance, etc. Once you’re done paying all those bills, you stick whatever you have left (if anything) into savings — that’s the classic […]

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This post The Four Dynamics of Bubbles appeared first on Daily Reckoning.

Editor’s note: Central banks have inflated bubble after bubble. Today, Daily Reckoning contributor Charles Hugh Smith shows you the three stages of bubbles – with a fourth for good measure. He also addresses how long the show can go on. Dear Reader, Financial bubbles manifest three dynamics: The one we’re most familiar with is simple […]

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This post The Key to Fixing Two Broken Paradigms appeared first on Daily Reckoning.

How the “Cryptocosm” can restore American capitalism and prosperity…

The post The Key to Fixing Two Broken Paradigms appeared first on Daily Reckoning.