The Daily Reckoning Recent Articles

The Awful Way Social Security Might Be “Saved”

Dave Gonigam

The US Social Security program is complete mess. The funds needed to pay these benefits are quickly drying up, and agreeable solutions are in short supply. But all is not lost... There actually IS a viable way to "save" Social Security. But as Dave Gonigam explains, you're probably not going to like it. Read on...


“How to Get Rich” is Not How You’d Expect

Chris Mayer

The first thing you might notice about the life of Felix Dennis is that he devoured crack cocaine during massive orgies with hookers at his mansion. Yet despite his penchant for sex and blow, he admitted, "making money is the one addiction I cannot shake." And thankfully, he wrote a book about it. Chris Mayer explains...


On Sale: A Precious Metals Play with a Reliable Dividend

Dan Amoss

Precious metals get a bad rap from most investors. But in the midst of so much central bank money creation, they still provide an excellent hedge against inflation. Dan Amoss relays one great investment idea in this sector with plenty of upside potential as precious metals look poised for a significant comeback. Read on...


What Back to School Bureaucracy Can Teach You About Markets

Chris Mayer

Public companies operate mostly for their own sake, representing the vested interests of their management teams. So much so that shareholders are often little more than an afterthought. As an investor, it's important for your to seek out those companies that have your interests at the forefront. Chris Mayer explains how to find them...


Mogambo GuruAs the Fed Prints Money, Buy Gold and Brace for Impact

Richard Daughty

Perpetual gold bug and perennial Father of the Year, The Mogambo Guru once again stops by the Daily Reckoning to espouse the supreme importance of buying gold as the Fed continues to print money with reckless abandon... even if that means his children will have crooked teeth for the rest of their lives. Read on...


Maestro“S&P 2000″ Is a Fed Manufactured Mirage

David Stockman

Why should stocks - which should reflect the nation's future business prospects - be reaching all-time highs when the U.S. is in a depression? One explanation is that something's helping the market along. Say, the Federal Reserve. Today, David Stockman explains why the whole stock market is a Fed-created mirage. Read on...


MaestroWith Disaster Imminent, Fed Unwilling to Stop Printing Money

David Stockman

With Janet Yellen more or less committed to keeping the money spigot open, you'd think Wall Street would be rejoicing. Yet, stocks are mostly a mixed bag right now. Oh well... No matter what stocks do, it appears the Fed and other central banks' folly will keep the Wall Street casino awash in free money for the foreseeable future. Read on...


Why You Shouldn’t Rely On Long-Term Market Trends

Chris Mayer

People assume that markets and financial instruments have some kind of long-term average they tend to flock toward. But in reality, a handful of wild swings in various directions often skew these averages to a point where the "long-term" is not at all reliable, let along predictable. Chris Mayer has more...


Addison WigginOne World, One Bank, One Currency

Addison Wiggin

After the 2008 financial crisis, little could be heard over the deafening cries of "mission accomplished." And while the Fed's massive QE program seemed to work, the question remains: for how long? Addison Wiggin explains why the next round of QE will fail miserably, paving the way for the IMF to step in with something called "special drawing rights." Read on...


VideoFloating Exchange Rates are Causing a “Race to the Bottom”

Kate Incontrera

Milton Friedman is roundly regarded as one of the great economists of the 20th century. But his view of the Bretton Woods system was all wrong. And the current mess of floating exchange rates proves that. Today, Lewis Lehrman explains how the current monetary system pits every country against each other in a financial "race to the bottom"...