Every year around this time, it seems as if people are oddly compelled to remark on the passage of time. Specifically, they mention how surprised they are to see the year coming to a close, and marvel at how it is they didn’t see it coming. “I can’t believe it’s December already!” or “How is the year almost over?” are common enough statements you’re likely to hear in the weeks and months leading up to the next calendar year.
And rightly so. At least in this calendar year, amid all the talk of debt bubbles, elections and fiscal cliffs, it has been supremely easy to let time slip by unnoticed. And that’s the danger, when we let our guard down… And time is free to make fools of us… And our mistakes are doomed to be repeated. So any opportunity for sincere reflection, no matter the impetus, is something we think everyone should seize.
So, in that spirit, we will continue with our Daily Reckoning Best of 2012 Series. In today’s installment, we extend our theme of contemplative reflection, with an insightful piece from our Managing Editor, Joel Bowman, on the unfortunate state of the State, and the plight — and subsequent flight — of one of its most enterprising citizens. And we follow that with a commencement address from our Editor-in-Chief, Bill Bonner — one that no one would be invited to give, but that every graduate should be made to hear. You can find them each right here:
Run, Saverin! Run!
To the Class of 2012
for The Daily Reckoning
Greg Kadajski is the Associate Editor of The Daily Reckoning. He holds a BS from Towson University where he studied both English and Filmmaking. Since joining Agora Financial in 2006, he's been very closely involved in the overall production of The Daily Reckoning - reading, editing and occasionally contributing to the wide variety of material that appears in its pages. He lives in Baltimore, Maryland.
The stock market is a manipulative machine. It will twist your mind--and your wallet if you aren't' careful. That's why it's so important to have trading rules. Your rules will keep you from following your guts down the wrong path. They'll maintain your sanity. And get this, knucklehead: If you're doing it right, your set of rules will lead you to consistent profits.
Doctors have suggested that popping a vitamin supplement everyday isn’t doing you much good. But a recent study now suggests a clear connection between a lack of vitamin D and depression and schizophrenia. Stephen Petranek has more on the results of their findings, and a suggestion on how you can up your vitamin D levels.
Dr. Marc Faber on laughing... and laughing specifically at Janet Yellen...
A money illusion sounds like something a prestidigitator performs by pulling $100 bills from a hat shown to be empty moments before. In fact, money illusion is a longstanding concept in economics that has enormous significance for you if you’re a saver, investor or entrepreneur. Jim Rickards explains...
Oil may be down, but Matt’s friend Henry sees opportunities in shale nonetheless. Why? Because, with shale oil and gas companies struggling to raise and maintain drilling capital, it’s an investors’ market. And Matt’s friend Henry shows how readers can get more bang for their buck now than when oil was high…
The idea of transplanting the human brain seems like an idea out of a science fiction novel. Yet with modern advancements in medicine, we are rapidly approaching a day when this idea could become reality. Stephen Petranek has more on the ethical and moral questions behind this controversial idea, and wants to hear your thoughts on the matter.
We also don’t need $100 oil to see big gains trading energy. We're not looking at long-term fundamentals. But it does help that many of the energy names that had been absolutely crushed since the fall are starting to look a whole lot healthier.