It’s hard to believe that more than ten years have gone by since we began writing The Daily Reckoning out of a Paris office back in July of 1999?
Since then, a lot has changed. We have seen the dot com boom and bust… a massive expansion of credit…real estate mania and meltdown?and epic highs and lows in the markets.
Nothing about the past ten years has been boring. And we have been there throughout, trying to help readers make some sense out of our global economy. And hopefully providing a few laughs along the way.
In short, we pen The Daily Reckoning each day — for free — to show you how to live well in uncertain times. We aim to make each article the most entertaining 15-minute read of your day.
Video By Peter Coyne Posted August 27, 2015
The editor of Grant’s Interest Rate Observer on the stock market’s recent turmoil…
New By Greg Guenthner Posted August 28, 2015
I think $10 has been the trendy new “shocker” price for oil for the past 8 or 9 months now. But guess what? It ain’t happenin’ anytime soon. Don’t get me wrong—I don’t think crude’s shooting back toward $100 by the weekend—or even this time next year. But I do think oil’s been due for a classic oversold bounce for some time now.
By Greg Guenthner Posted August 27, 2015
“Since 1946, there have been 31 instances of a 10% drop. But a 10% drop doesn’t necessarily lead to a 20% one (which denotes a bear market) — in fact, in just 12 of those 31 instances did a bear market eventually ensue,” MarketWatch reminds us. “If anything, the reason the current drop seems bigger is that it comes after a 47-month period without a 10% correction — the third longest such span in market history.”