Hillary Saves Capitalism!

This post Hillary Saves Capitalism! appeared first on Daily Reckoning. VANCOUVER, Canada – What would the world do without well-intentioned, earnest, and intelligent public servants like Hillary Clinton? … [Read More...]

Does “Creative Destruction” Include the State?

This post Does “Creative Destruction” Include the State? appeared first on Daily Reckoning. When do we get to exercise democracy and fire every factotum, apparatchik, toady and lackey in the state who has abused his/her authority? … [Read More...]

Here’s How to Avoid the Newest Chinese Torture…

This post Here’s How to Avoid the Newest Chinese Torture… appeared first on Daily Reckoning. The Chinese are implementing a new form of torture… … [Read More...]

Focusing On The Wrong Thing

This post Focusing On The Wrong Thing appeared first on Daily Reckoning. The major U.S. stock indexes got slammed hard at the start of trading this morning — but as we write, the damage looks less severe. … [Read More...]

Understanding Risk and How To Deal With It

This post Understanding Risk and How To Deal With It appeared first on Daily Reckoning. There is often misunderstanding among the general public when it comes to probability and risk. … [Read More...]

BrainPort V100 Can Help the Blind See

This post BrainPort V100 Can Help the Blind See appeared first on Daily Reckoning. The FDA has just approved a remarkable aid for people who are completely blind. It is a sensor placed on the tongue that reinterprets visual signals from a camera mounted in eyeglasses. Although the BrainPort V100 is a bit clunky — there are the dark glasses to wear with a thick wire that leads to something like a lollipop in the mouth, all connected to a controller about the size of a smartphone — the unit … [Read More...]

Blame the Fed for the Commodities Slump

This post Blame the Fed for the Commodities Slump appeared first on Daily Reckoning. VANCOUVER, Canada – When we left you at the end of last week the world was falling apart. … [Read More...]

When Authorities “Own” the Market, The System Breaks Down

This post When Authorities “Own” the Market, The System Breaks Down appeared first on Daily Reckoning. Central planning assest purchases aimed at propping up prices destroy the essential price discovery needed by private investors. … [Read More...]

Here’s Why You’re Not Beating the Market

This post Here’s Why You’re Not Beating the Market appeared first on Daily Reckoning. Feel like the market’s always beating you? … [Read More...]

Look to Q4 2015 for a Trading Rally in Gold

This post Look to Q4 2015 for a Trading Rally in Gold appeared first on Daily Reckoning. Editor’s Note: Rick Rule, CEO of Sprott U.S. Holdings, joined CNBC on Tuesday to give his opinion on when you might see a trading rally in gold, and why. It’s good context for the theme of this week’s email edition of the Daily Reckoning. Our humble correspondents are en route to Vancouver this week to report on and present at the 2015 Sprott Natural Resources Symposium. You can listen to … [Read More...]

$1.5 Quadrillion Derivatives Time Bomb

When investing becomes gambling, bad endings follow. The next credit crunch could make 2008-09 look mild by comparison. Bank of International Settlements(BIS) data show around $700 trillion in global derivatives. Along with credit default swaps and other exotic instruments, the total notional derivatives value is about $1.5 quadrillion - about 20% more than in 2008, beyond what anyone can conceive, let alone control if unexpected turmoil strikes. … [Read More...]

10 Stock Market Sectors Most Vulnerable to Cyberattacks

Anthony Summers writes: Target (NYSE: TGT). Home Depot (NYSE: HD). Apple (Nasdaq: AAPL). EBay (Nasdaq: EBAY). Bank of America (NYSE: BAC). These are just a few names on the growing list of companies that have experienced major data breaches in recent years. Both the public and private sectors are seeking better ways to confront cyberthreats as they become more common. … [Read More...]

Immigrants Aren’t the Only Ones Who Shouldn’t Be Voting

Ryan McMaken writes: Much of the current immigration debate in the United States centers around the issue of “amnesty,” which is a vague term that may mean anything from “we won’t deport you” to “let’s fast-track you to citizenship and voting rights.” From a laissez-faire perspective, the deportation aspect of amnesty — an increase in federal inaction — is one thing. The extension of voting privileges, though, is something else … [Read More...]

Central Banks and Our Dysfunctional Gold Markets

Marcia Christoff-Kurapovna writes: Many investors still view gold as a safe-haven investment, but there remains much confusion regarding the extent to which the gold market is vulnerable to manipulation through short-term rigged market trades, and long-arm central bank interventions. First, it remains unclear whether or not much of the gold that is being sold as shares and in certificates actually exists. Second, paper gold can theoretically be printed into infinity just like regular currency … [Read More...]

You’re “Dumb” if You Rely on EIA Numbers

This post You’re “Dumb” if You Rely on EIA Numbers appeared first on Daily Reckoning. I had to read it twice because I thought I must be seeing things. … [Read More...]