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A Crisis in Worthwhile Opinions of Capitalism

Bill Bonner — Fri, 03 Feb 2012 22:00:58 +0000

The Financial Times has continued its series on ‘Capitalism in Crisis’ much longer than we expected. Longer than seems decent, actually. The crisis will be over before the series ends. Each of the Davos-list celebrities to write on the subject basically ‘talks his own book.’ The politicians tell us that they can fix what is [...]

A Crisis in Worthwhile Opinions of Capitalism 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.

Banking on Your Phone

Patrick Cox — Fri, 03 Feb 2012 21:05:58 +0000

America has lagged behind much of the world in terms of digital wallets. Elsewhere, people routinely use phones instead of credit cards. There are several reasons for this. Partly, it is because North America saw mobile phones so early. When other regions finally rolled out mobile phones, infrastructures were more modern. The larger reason, however, [...]

Banking on Your Phone 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.

My Favorite Way to Own Silver

Byron King — Fri, 03 Feb 2012 20:11:13 +0000

My favorite way to own silver is the Sprott Physical Silver Trust (NYSE:PSLV). This is a product of the Eric Sprott group, of Toronto. Units of this trust were trading well above $20 a few months ago. But today, even after silver’s January rally, the units are trading below $15. That’s a 25% decline, which [...]

My Favorite Way to Own Silver 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.

Buying Gold in Uncertain Times

Bill Bonner — Fri, 03 Feb 2012 19:10:48 +0000

Dow down slightly yesterday. Oil falling further below $100. And gold still going up. What is most interesting is the movement in the price of gold. It seems to be heading up again — almost no matter what else is happening. So, let’s look at what might be going on… If investors sensed a recovery…they [...]

Buying Gold in Uncertain Times 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.

How Piracy Works Against an Unnatural Monopoly

Joel Bowman — Thu, 02 Feb 2012 22:41:57 +0000

What the market giveth, the state rises to taketh away. One of the more striking features of this whole modern spectacle must surely be the stark contrast between the state and the free markets that exist stubbornly, gloriously, in spite of its best efforts. Wherever evidence presents itself, it appears to do so with the [...]

How Piracy Works Against an Unnatural Monopoly 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.

Thomas Friedman and the End of “Average”

Bill Bonner — Thu, 02 Feb 2012 22:00:30 +0000

We got a chuckle out of Thomas Friedman. Maybe he would be good as a brick mason. Or maybe a baker. Shame he got caught up in journalism. He has no talent for it. In a recent column he tells us that “Average is over.” Typically, it makes no sense. What Friedman seems to mean [...]

Thomas Friedman and the End of “Average” 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 Speak-Easy Economy

Jeffrey Tucker — Thu, 02 Feb 2012 21:30:45 +0000

There’s a Mexican restaurant I like (I’m not saying where it is) that seems to thrive in good times and bad. It never has a shortage of servers, cooks and people to bus the tables, even when there are only a few customer cars out front. Actually, it is hard to tell the workers from [...]

The Speak-Easy Economy 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.

Investment Alternatives in a No-Growth Market

Bill Bonner — Thu, 02 Feb 2012 18:08:34 +0000

Baltimore…best bet for investors? We drove back into town on Sunday night. People moped around in front of bars. Groups walked uptown from the stadium, their shoulders down, the chins dragging. The city was dark…and unhappy. There was no joy in Baltimore on Sunday night. Baltimore is a sports town. The Ravens — the only [...]

Investment Alternatives in a No-Growth Market 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.

Lost in Translation: An Important Note for International Reckoners

Joel Bowman — Wed, 01 Feb 2012 22:09:48 +0000

First up, a quick public service announcement for our International Reckoners: If you’re planning a vacation to the United States of America in the foreseeable future, you would do well to refrain from employing any confusing colloquialisms in your social media updates prior to departure. For Australians, that means no “cracking onto” members of the [...]

Lost in Translation: An Important Note for International Reckoners 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.

Zombiefied Drug Trade

Bill Bonner — Wed, 01 Feb 2012 20:00:01 +0000

We had lunch with an old friend last week. We hadn’t seen him since our school days in the ’60s. He told us the following story. “It’s amazing. I’ve lived there all my life. But I’m a little different, I guess. My brothers are doctors and lawyers. I did them a favor by being the [...]

Zombiefied Drug Trade 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.