The Daily Reckoning

Into the “Tractor Beam” of Zero Rates

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“The economy will fall within the inescapable “tractor beam” of zero rates”… The Fed can’t raise interest rates. But lowering them will do little…

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A “License to Buy Everything”

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The Dow Jones crosses 27,000 for the first time ever… The one stock that could crash the stock market… “The likely trigger for a market shock will be a ‘no-see-em’”…

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Was the American Revolution a Mistake?

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In the Declaration of Independence, Thomas Jefferson makes the most “misleading political assessment uttered by any leader in the history of the United States”…  “The proponents of independence invoked British tyranny in North America. There was no British tyranny, and surely not in North America”… The Boston Tea Party was a protest against… lower tea prices?…

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Three Steps to Save America from Collapse

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Our monetary system is broken. It’s given us low growth, a shrinking job force, inequality beyond what a healthy economy would produce, inefficiency, and the unnatural growth of finance as a portion of the economy. Our aging Federal Reserve System starves both small businesses and Silicon Valley of the capital needed to grow jobs and […]

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