Sunday, August 14, 2016

US Hyperinflation?

October 20, 2009 by · Leave a Comment 

The Daily Reckoning The finance ministers of the Eurozone met yesterday and they’ve tried to stem the euro’s (EUR) rise… But they’ll need more than words to get the job done! And so we begin a new day… Front and center this morning, the currencies – which had given background overnight to the dollar – [...]

Gold at $2,000 Becomes Inflation-Adjusted Bullseye for ‘80 High

October 19, 2009 by · Leave a Comment 

By Pham-Duy Nguyen Oct. 19 (Bloomberg) — Gold’s rally to a record means prices are still 53 percent below the 1980 inflation-adjusted peak. While gold rose 19 percent this year to $1,072 an ounce on Oct. 14, consumer prices almost tripled in the past three decades, eroding the metal’s value. Bullion hasn’t kept pace with [...]

A Deflation Story

October 10, 2009 by · Leave a Comment 

The Daily Reckoning “It was at Rome, on the 15th of October, 1764, as I sat musing amidst the ruins of the Capitol, while the barefooted friars were singing vespers in the Temple of Jupiter, that the idea of writing the decline and fall of the city first started to my mind.” – Edward Gibbon [...]

Is the Dollar Being Removed from Oil Trades?

October 6, 2009 by · Leave a Comment 

The Daily Reckoning Today we’re already seeing a HUGE currency rally versus the dollar, on the news that the Reserve Bank of Australia (RBA) opted to go ahead and hike rates now, rather than wait for November’s meeting… Which I thought they would do! WOW! The first hike has opened Pandora’s Box of interest rate [...]

September Job Losses Soar

October 5, 2009 by · Leave a Comment 

The Daily Reckoning Well… Friday’s Jobs Jamboree disappointed as I had the feeling it would, with 263,000 jobs lost in September. The unemployment rate also rose to 9.8%… Now we all know that when all the people who are truly unemployed are counted, the unemployment rate goes to 16%, but the Bureau of Labor Statistics [...]

Commodity Currencies Rebound Versus the Dollar

September 30, 2009 by · Leave a Comment 

The Daily Reckoning Well… Instead of a “turn around Tuesday”, we’re seeing a whiplash Wednesday! And for once the Big Dog (euro) (EUR) didn’t lead the other little dogs (currencies) off the porch to chase the dollar down the street! No… This time it was the currencies of Australia (AUD) and New Zealand (NZD) that [...]

Inflation is Our Future

September 30, 2009 by · Leave a Comment 

The Daily Reckoning On one hand, the deflationists are claiming that given the extremely high debt levels in the West, further inflation is impossible. On the other side of the argument, many proponents of inflation are calling for Zimbabwe style hyperinflation. In this business, everyone is entitled to their opinion; however it is my contention [...]

Unemployment Propaganda tries to “justify” High Unemployment

September 30, 2009 by · Leave a Comment 

In totalitarian regimes, the propaganda-machine (i.e. the media) is a vital tool in pacifying the population – since the populations of such societies are denied the “release valve” of ridding themselves of an unpopular government through elections. I have pointed out in a number of commentaries that the United States “two-party democracy” has, in fact [...]

What Causes a Depression?

September 29, 2009 by · Leave a Comment 

The Daily Reckoning It is a gray morning here in London. We sit in the building with the golden balls, look out the window, and wonder… …how does it all work? We’re doing some serious thinking this week. What is it that actually causes a depression? A stock market collapse? Or too much debt? How [...]

The New Gold Buyer

September 29, 2009 by · Leave a Comment 

The Daily Reckoning “Gold is rising because the post-Breton Woods exchange rate system doesn’t work,” Eric Roseman, our colleague over at the Commodity Trend Alert, matter-of-factly declares. “More than ever, governments are piling up debts, as a result of bailing-out their respective banking systems. There is a price to pay for this profligate spending. And [...]

Next Page »