The Daily Reckoning Recent Articles

Can Money Printing Cause Deflation?

Marc Faber

"There has been an issue that has preoccupied my mind for a long time," writes Dr. Marc Faber. "In economics, it is generally accepted that if the quantity of money and credit is increased, prices will rise… However, since economics is so complex… I question whether the expansion of central banks' balance sheets and policies of zero interest rates could have a deflationary impact…" The good doctor wrestles with the question, in today's essay...


Cuba’s Berlin Wall Moment

Peter Coyne

Our forecast that Cuba would be open and integrated within 5-10 years is on track after yesterday's big announcement. Ahead of schedule, even. Click here to see how some investors have profited and what the island's likely future is...


A Strong Dollar’s Not All That Bad

James Rickards

On the eve of the FOMC’s meeting announcement, our CIA financial strategist suggests, “To beggar thy neighbor or not… that is the question.” Read on to find out why having a strong dollar is good for you, but not so good for the Fed...


Same Currency War, New Battle Phase

James Rickards

The current global currency war started in 2010. Our own Jim Rickards published his book, Currency Wars, soon after that. One of the points that he made in the book is that the world is not always in a currency war. But when we are, they can last for a very long time. They can last for 5, 10, or 15 years, sometimes longer. Read on to learn the latest battle phase of the current currency war...


The Contagion of Energy Junk Bonds Spreads to Wall Street

Wolf Richter

Oil swooned again on Wednesday, with the benchmark West Texas Intermediate closing at $60.94. And on Thursday, WTI dropped below $60, currently trading at $59.18. It’s down 43% since June. Wolf Richter explains how falling price of oil bust contagion is spreading to Wall Street and the banks.


Welcome to the New Depression

James Rickards

The United States is living through an economic depression that began in 2007. It’s part of a larger global depression, the first since the 1930s. This New Depression will continue indefinitely unless policy changes are made in the years ahead. Here's what you need to know and look for to understand how long it might last...


The Oil & Gas Bloodbath Extends to Junk Bonds and Leveraged Loans

Wolf Richter

The price of oil has plunged nearly 40% since June to $65.63, and junk bonds in the US energy sector are getting hammered, after a phenomenal boom that peaked this year. Wolf Richter surveys the oil and gas junk bond and leveraged loan market -- to show you the extent of the bloodshed thus far and that yet to come...


Lessons from The Forgotten Depression

Chris Mayer

“I read The Forgotten Depression over last weekend” writes our own Chris Mayer. “There are at least a couple of things you can count on with a book by Jim Grant. It will be well written. And it will be well researched. This book is both of those things.” Read on four anecdotes from the book and Chris’ insight on drawing lessons from history...