
Baltimore, MarylandGot money?You may find it hard to hold on to. People with money are caught in a vice. On the one side is the de-leveraging economy. On the other is the government. The depression squeezes everything – asset prices, businesses, earnings. And ...
Taxation
You are on page 1 of 9It’s grey, cold and snowy in Paris this morning. We were supposed to be on our way to warm India, but a change in visa procedures caught us off-guard. Our passage to India will have to wait until next month. And so we turn to our Daily Reckoning, as we do every ...
Themes: economy, politicians, uk market, us market “Politics is about what works,” said Hillary Clinton. At least, we think it was Hillary Clinton. Someone said it. Someone who is an imbecile. Politics is not about what works, it’s about what you can get away ...
More ways Obama plans to reduce America's dependence on oil
Profit from Clean Tech’s revivalBarrack Obama’s decision to overturn the policy of the Bush years and approve stem cell research is great news for stem cell scientists. It’s also symptomatic of ...
On BBC’s Dragons’ Den programme, entrepreneurs have just one, brief, ten-minute chance to persuade the four dragons (successful business people and potential investors) to invest in their businesses. And then, if a dragon is interested, comes the tricky ...
For most of the last decade the government has trumpeted its economic record. Growth was steady. Prices were stable. Employment was rising. But there was a big problem. At first, the government thought it had solved it. In fact, all it did was bury the problem ...
"C'mon you guys and dolls," writes a reader. "This new letter and format sucks." Ouch! My correspondent wasn’t finished either, going on to add: "This world is slinking into a neurotic depression fast enough without you adding your bit, try and resist." I’d ...
Freedom!
It’s taken us almost half the year, but we’re finally free! Free from the shackles of state oppression!
No, I haven’t turned into a student communist. If you’re wondering what I’m talking about, today is Tax Freedom Day — the day when the average ...
Garry White’s in a fightin’ mood today. Just check out this quote from today’s Smart Commodities:
"Blair didn’t have the balls to make essential decisions that would have secured our energy future".
Or how about this one:
"When the government actually did ...
The credit crunch has hit the middle classes. That’s the apocalyptic news Britain woke up to this morning.
"Our services, with the credit crunch, are being overwhelmed by a whole new breed of debtor: middle class people" says Jamie Elliott of Transact, a ...
Taxation
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