The Daily Reckoning
The Daily Reckoning's Latest Articles | 150
The Unexpected Winner of the U.S. War in Iraq: Turkey
The winner of the U.S. war in Iraq looks like it will be Turkey. Ironic, because Turkey opposed the war. Nonetheless, a story in the Financial Times resonated with... Read »
China’s Housing Slaves
You’ve seen the ghost cities before. They stretch across the outskirts of dozens of major urban areas, criss-crossed by empty highways. The rows of modern skyscraper... Read »
Rates Up, Gold Down
Yes, the real rate of interest matters to gold. But not as much as its direction… Wall Street and the City are coming to decide that gold is a sell. Because interest... Read »
Gold’s Selling Pressure
Late last year, gold investments were flying high… December marked a new record in gold holdings by popular exchange-traded funds. Spot gold hovered around $1,700.... Read »
Investors Rush to Safety
Just a few weeks ago, the financial media’s obsession with all-time highs was impossible to ignore. Now, just one week into a corrective move, the stories have... Read »
Gold: Look Out Below
I’ll cut right to the chase… Gold is set to drop to $1,550. The spot price briefly dipped below $1,640 early yesterday, posting new five-week lows. It rallied... Read »
Gold Continues to Go Nowhere Fast
I haven’t been too keen on gold recently. When the shiny yellow metal finally broke higher back in September, I really thought it was headed for $2,000. But after... Read »
One Real Estate Indicator is Yelling, “Buy”
I just locked down a 2.875% interest rate, fixed for the 15-year term of the mortgage. No points. With rates like these, I find myself rethinking the idea that I... Read »
The Student Loan Time Bomb
A hidden time bomb ticks away inside the government budget: Within a handful of years, US taxpayers will be on the hook for over $100 billion in student loan defaults. Just... Read »
Germany Tip-Toes Toward a Euro Exit
The stock market will not remain in its current tranquil state. Investors will soon be roused from their blissful trance. This trance traces its origins back to... Read »






