Whiskey & Gunpowder
This post A Tsunami Warning Has Been Issued appeared first on Daily Reckoning. A tsunami often takes its victims unawares… a liquid mountain rising sheer from a glass sea… suddenly… barreling ashore. The coastal areas are promptly scenes of astonishing apocalypse. In 2021… the skies have been azure, the breezes have been kind, the seas have dozed....
This post The Greatest Policy Blunder Ever appeared first on Daily Reckoning. Since the outbreak of the pandemic, the “respectable” media has pushed the theory that the virus came from a wet market in Wuhan, China. Any talk that it might have come from a bioweapons lab in Wuhan was dismissed as a conspiracy theory. But the Bulletin of Atomic Scientists,...
This post The Biggest Jobs “Miss” Ever appeared first on Daily Reckoning. Our bottomless disfaith in experts is validated yet again… These wiseacres informed us April would turn in over one million fresh jobs. How many fresh jobs did April turn in? 266,000 — wrong by a factor approaching four — the miss of all misses. “This is a big miss that changes...
This post Inflation — or Deflation? appeared first on Daily Reckoning. I see the same question in forums, threads, articles and emails: what can I do to protect myself and my family from whatever lies ahead? Given the uncertainties and extremes that are so evident, recognizing risk is a useful first step, a recognition that is very much out of fashion....
This post Gold Is Right appeared first on Daily Reckoning. Is the gold skid over? There are encouraging signs that the answer is yes. And, that’s great news for patient gold investors (especially those who bought the lows, as I recommended to my subscribers a few weeks ago). First, some facts. Gold hit an all-time high of $2,069 per ounce on August...
This post Janet Yellen Panics the Market appeared first on Daily Reckoning. Like a squall out of a clear sky… Janet Yellen sent investors under the awnings Tuesday: “It may be that interest rates will have to rise somewhat to make sure that our economy doesn’t overheat.” In reminder: Falling rates generally equal rising stocks. Rising rates generally...
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