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Most Recent Daily Reckoning Articles
Facebook Fallout: A Lesson in How Wall Street Really Works
How do you like those wimpy, whiney investors? They lose money in Facebook. Do they take their losses like men? Nope. They rush to sue everybody! The investment banks who were midwifes to the birth of FB into the public markets weren’t playing fair, they say. They gave their best clients more and better info…Read more…
Borrow-As-You-Go Politics
Today, let’s take a look at the “logic” of the American Empire and what you can expect in the year(s) ahead… regardless of whether a donkey or an elephant squats in the Oval Office come Jan. 20, 2013. “Great empires, such as the Roman and British, were extractive,” the economist Paul Craig Roberts observed recently.…Read more…
Euro Declines as Greece and Germany Play “Chicken”
Hey…this is fun! The European Roller Derby. Smash! Crash! Crunch! Whack! Fenders banged up. Radiators steaming. Tires flattened. Whee! But here’s the most exciting scene in the whole show. Greece and Germany are playing chicken! Greece presses down the accelerator and heads for Germany. “If you force us out of the euro, all of Europe…Read more…
