Gold Stocks Today » Addison Wiggin

“America Has Become a Piñata…”

Addison Wiggin — Mon, 07 May 2012 20:27:19 +0000

“America’s national government has moved way beyond a political spoils system,” wrote Charles Goyette in his book The Dollar Meltdown. “A spoils system leaves the host alive so that a politician’s occasional ne’er-do-well brother-in-law can be put on the payroll.” In contrast, Goyette suggested, “America has become a piñata: Everybody gets a crack at it. [...]

“America Has Become a Piñata…” originally appeared in the Daily Reckoning. The Daily Reckoning, published by Agora Financial provides over 400,000 global readers economic news, market analysis, and contrarian investment ideas. Recently Agora Financial released a video titled "What Causes Gas Price to Increase?".

“America Has Become a Piñata…”

Addison Wiggin — Mon, 07 May 2012 20:27:19 +0000

Serial Bubble Blowers

Addison Wiggin — Sat, 05 May 2012 16:00:59 +0000

The shrinking dollar is a modern problem. The U.S. dollar has been shrinking since the inception of the Federal Reserve — the very crew assigned the task of maintaining its value. Of late, the decline is accelerating at an alarming rate. For many Americans, the suggestion that the dollar is losing value is unthinkable — [...]

Serial Bubble Blowers originally appeared in the Daily Reckoning. The Daily Reckoning, published by Agora Financial provides over 400,000 global readers economic news, market analysis, and contrarian investment ideas. Recently Agora Financial released a video titled "What Causes Gas Price to Increase?".

Serial Bubble Blowers

Addison Wiggin — Sat, 05 May 2012 16:00:59 +0000

Shades of the ’08 Financial Crisis?

Addison Wiggin — Thu, 12 Apr 2012 20:29:49 +0000

“Even I wouldn’t make a loan to me at this point,” says Annette Alejandro. Ms. Alejandro recently emerged from bankruptcy, her car was repossessed last year and she has no job. But her mailbox is stuffed with offers for credit cards and car loans. We begin today’s episode with “deja vu”-induced vertigo this morning. Three [...]

Shades of the ’08 Financial Crisis? originally appeared in the Daily Reckoning. The Daily Reckoning, published by Agora Financial provides over 400,000 global readers economic news, market analysis, and contrarian investment ideas. Recently Agora Financial released a video titled "What is Fracking?".

The Permanent Portfolio Revisited

Addison Wiggin — Wed, 04 Apr 2012 21:10:08 +0000

Volatility tends to correlate with risk, but not always with return. Skydiving delivers more heart-stopping thrills than chess, but it also produces more heart-stopping disasters. Driving a Formula 1 race car produces a lot more million-dollar paydays than sitting in a La-Z-Boy. But no one ever crashed their La-Z-Boy into a wall and burst into [...]

The Permanent Portfolio Revisited originally appeared in the Daily Reckoning. The Daily Reckoning, published by Agora Financial provides over 400,000 global readers economic news, market analysis, and contrarian investment ideas. Recently Agora Financial released a video titled "What is Fracking?".

New Taxes from a Desperate Government

Addison Wiggin — Tue, 03 Apr 2012 20:34:04 +0000

The state of New Jersey wants to tax the value of unused gift cards. We’ll let that sink in for a bit. [a bit] “The state will soon begin requiring gift card sellers to obtain ZIP codes from buyers so it can claim the value of cards not redeemed after two years,” according to an [...]

New Taxes from a Desperate Government originally appeared in the Daily Reckoning. The Daily Reckoning, published by Agora Financial provides over 400,000 global readers economic news, market analysis, and contrarian investment ideas. Recently Agora Financial released a video titled "What is Fracking?".

Warren Buffett Scorns Gold. Bad Move!

Addison Wiggin — Fri, 30 Mar 2012 20:21:14 +0000

Warren Buffett doesn’t like gold. In this year’s annual letter to Berkshire Hathaway shareholders, Warren Buffett scorned gold as an asset that is “forever unproductive.” And he’s right about that… But investors don’t buy gold because they hope it will produce something. They buy gold because they know that no one can produce it. Therefore, [...]

Warren Buffett Scorns Gold. Bad Move! originally appeared in the Daily Reckoning. The Daily Reckoning, published by Agora Financial provides over 400,000 global readers economic news, market analysis, and contrarian investment ideas. Recently Agora Financial released a video titled "What is Fracking?".

Counting on Millennial Homeownership

Addison Wiggin — Tue, 27 Mar 2012 21:14:43 +0000

The report that got us started on this tangent this morning: Home prices in 20 U.S. metro areas are now as low as they were nine years ago, according to the just released Case-Shiller Home Price Index. In other words, housing prices are back where they were when the space shuttle Columbia blew up and [...]

Counting on Millennial Homeownership originally appeared in the Daily Reckoning. The Daily Reckoning, published by Agora Financial provides over 400,000 global readers economic news, market analysis, and contrarian investment ideas.

The Orszag Fiscal Crisis Plan

Addison Wiggin — Wed, 14 Mar 2012 20:17:02 +0000

We have good news and bad news today: The White House has a secret plan to deal with a fiscal crisis. The plan’s existence is revealed in a book called The Escape Artists: How Obama’s Team Fumbled the Recovery. “In May 2009,” writes journalist Noam Scheiber, “the president asked [White House budget director Peter Orszag] [...]

The Orszag Fiscal Crisis Plan originally appeared in the Daily Reckoning. The Daily Reckoning, published by Agora Financial provides over 400,000 global readers economic news, market analysis, and contrarian investment ideas.