
Dear Reader,Do you remember the question: what do you want to do when you grow up? Did you want to become a policeman, nurse or fireman perhaps? And then, as you grew older, maybe you turned to more mercenary sectors like banking, or legal services?There are some ...
Monetary Policy
You are on page 1 of 4Dear Reader,I’ve just been reading a rather disturbing article. It’s not disturbing in what it actually said - I agree with the piece. It’s just that it was published in the Daily Telegraph. And stories that could spread alarm amongst the public ...
Baltimore, Maryland Well, it’s a new world, after all... Maybe we were wrong. Maybe the mainstream economists are right. You know, up to now all they’ve been good at is explaining why the forecasts they made in the past didn’t work out. But maybe they’re right, ...
Dear Reader, Another exciting day on Wall Street. The Dow rose 131 points... and gold shot up $25 to a new record, $1043. Investors must be pondering the future. What will the future look like? No one knows. But investors thought they saw things they liked. For ...
Themes: market outlook, housing, inflation, monetary policy, asian markets
Waterford , Ireland
Tuesday, 15 July 2009
“ America is beginning to consider a new stimulus program,” said Irish television last night.
It was a rainy day in the Emerald ...
Themes: Government spending, consumer price levels London, England Monday, 29 June 2009 Not much action in the markets on Friday. The Dow was off 34 points. Oil slipped to $69. Bonds rose a bit. Gold and the dollar remained pretty much where they were. The ...
Rarely has the Daily Reckoning been criticized for understating trouble. But trouble keeps getting ahead of us. We can barely keep up with it. So often have we anticipated ‘disaster’ or ‘catastrophe’ that the words now fall like empty shells. We light the fuses; ...
Trading the news is just too easy these days... Simply take a view on a big economic announcement, say the Budget, and trade the relevant currency, say the pound, accordingly. Last week, traders believed the Budget’s borrowing and debt forecasts would be bad news ...
Paris, France Wednesday, 1 April 2009 Our phone rang yesterday. You know, the Hotline we set up to help Treasury Secretaries and Finance Ministers cope with the problems of the global financial meltdown... We picked it up... it was Tim Geithner! Imagine our ...
Granada, Spain Monday, 30 March 2009 The dollar’s days are numbered. We are beginning to feel sorry for it... as we do all lost causes. Trouble is we don’t know whether it’s a big number or a little number that marks the dollar’s last days. Last week, a decimal ...
Monetary Policy
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