Daily Reckoning

Since 1999, The Daily Reckoning has been dedicated to independent financial forecasting. We analyze global events and market trends, offering informed predictions about their future direction. Our goal is to provide you with insights on how to safeguard your investments and capitalize on opportunities that are often missed by traditional media.

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Harvard Men - The Daily Reckoning

2 weeks ago | dailyreckoning.com | Bill Bonner

Writing from Youghal, Ireland“In every disaster throughout American history, there always seems to be a man from Harvard in the middle of it.”—Thomas SowellPete Navarro is in the news. He is believed to be the ‘architect’ of Trump’s tariff policies. Fox:White House trade advisor Peter Navarro said Monday that an offer by Vietnam to eliminate tariffs on U.S. imports would not be enough for the administration to lift its new levies announced last week. “Let’s take Vietnam.
Sea of Red - The Daily Reckoning

3 weeks ago | dailyreckoning.com | Bill Bonner

Most Holy Spirit, who didst broodupon the chaos dark and rude,and bid its angry tumult cease,and give, for wild confusion, peace:O hear us when we cry to theefor those in peril on the sea. —Traditional HymnBon Voyage!A man in a wheelchair, pushed by his gray-haired wife, rolled into the dining hall. Already, there were hundreds of people, similarly aged, having dinner. The staff — almost all from the Philippines, rushed from one table to another.
The Dumbest Investment in the World - Daily Reckoning

3 weeks ago | dailyreckoning.com | Bill Bonner

‘One thing I like about Argentina. They cook with salt. That’s it.’— Robert DuvallWell, you never know, do you? Recall that the Argentines introduced a “century bond’ in 2017. At the time, we were not alone in considering it the ‘dumbest investment in the world.’Who would lend the Argentines money for 100 years, we wondered? Statistically, the odds were that Argentina would default seven times before the bond matured.
Trump and the Fate of the Dollar - Daily Reckoning

4 weeks ago | dailyreckoning.com | James Rickards

What is the Mar-a-Lago Accord? And what would a Mar-a-Lago Accord mean for the value of the U.S. dollar? We begin our analysis with the name itself. Mar-a-Lago Accord is an echo of the three major international currency accords since the original Bretton Woods Agreements reached in 1944. Accords Through The YearsThe first was the Smithsonian Agreement in December 1971.
Total (Trade) War - The Daily Reckoning

1 month ago | dailyreckoning.com | Adam Sharp

Countries are shifting into trade war mode. Investors must do the same.
The Target on Tesla’s Back - Daily Reckoning

1 month ago | dailyreckoning.com | James Rickards

Is your Tesla making you a target? We’ve written in the past about certain dangers associated with Tesla cars and the Tesla Cybertruck that are in addition to the driving hazards common to all automobiles. These include fires caused by the spontaneous combustion of powerful batteries. There have been many cases (usually well-publicized) of a Tesla seemingly burnt to a crisp due to an unaccounted-for battery fire.
The Fed’s Backdoor QE - Daily Reckoning

1 month ago | dailyreckoning.com | James Rickards

On Monday, we offered readers the following forecast of what would happen at the FOMC meeting this week:On Wednesday, the Fed will continue its pause in interest rate cuts. That decision will leave the federal funds target unchanged at 4.50%. The Fed’s current rate lowering cycle began with a 0.50% rate cut on September 18, 2024, followed by additional rate cuts of 0.25% each on November 7 and December 18, 2024. The pause in cutting rates began at the Federal Reserve meeting on January 29, 2025.
Will the Fed Ride to the Rescue? - Daily Reckoning

1 month ago | dailyreckoning.com | James Rickards

The stock market has topped out and is headed down. The Dow Jones Industrial Average peaked at 45,014 on December 4, 2024, and was at 41,911 by March 10, 2025, down 3,101 points or 6.9% in just over three months. The S&P 500 Index peaked at 6,130 on February 18, 2025, and was at 5,614 on March 10, 2025, down 516 points or 8.4% in less than one month.
A Lot More Ruin - The Daily Reckoning

1 month ago | dailyreckoning.com | Bill Bonner

Of greatest interest to us among Donald Trump’s long list was his promise to balance the budget. “And in the near future, I want to do what has not been done in 24 years: balance the federal budget…We are going to balance it.”Many are the minor issues, imbecilities and annoyances of modern American government. But a $36 trillion debt is something else. If we don’t stop the smoke; we’ll see the flames later. Mr. Trump can deport all the rapists and murderers he wants.
The Democrats’ Shameful Display - Daily Reckoning

1 month ago | dailyreckoning.com | James Rickards

On Tuesday, Speaker of the House Mike Johnson presided over President Trump’s address to a joint session of Congress. He was seated on the podium next to Vice President JD Vance, acting in his capacity as president of the U.S. Senate. President Trump stood in front of them facing the cameras and the world. This is the kind of environment he thrives in.