Global Market Commentary, Analysis and Investments
Breaking news: Our New Trade of the Decade Is Off!
Well, half of it…temporarily.
“This is what we got dead wrong,� Rob Parenteau candidly admitted on the top floor of the Fairmont Hotel Vancouver last night, where we gathered for the second annual meeting of the Richebacher Society.
[Read more...]When we revealed our new Trade of the Decade in The Daily Reckoning earlier this year, the reaction we got from a lot of readers could be summed up in one word: “Huh?” Almost no one quarreled with the first part of our trade, “Sell US Treasurys.” But almost no one agreed with the second half, “Buy Japanese stocks.”
[Read more...]Part II of our speech in Las Vegas, in which we explain why the US will go broke:
What does it mean when the financial intelligentsia seems to have no idea what is going on? It means they’ve got the wrong idea about the way things work…and probably no incentive to have the right one.
[Read more...]From a speech given in Las Vegas on Saturday:
On my recent trip to India, the financial press was very eager to hear what I had to say.
They invited me on to their television shows. They interviewed me for magazines and newspapers. The local paper ran a full-page interview and sent out an artist to do a sketch of me.
[Read more...]We asked. You answered.
We asked you, the Daily Reckoning readers, to submit your ideas for the “Trade of the Decade.” You responded with a flood of excellent responses. We regret that we cannot publish them all.
Yesterday, we presented some of your submissions. Today, we present a few more. So without further ado, here’s goes:
[Read more...]A few days ago, we introduced the first-ever “Daily Reckoning Group Research Project” in which we asked you, The Daily Reckoning faithful, to submit your selections for the Trade of the Decade.
Specifically, we asked:
1) Identify just one specific asset, commodity, stock market sector, currency, mutual fund, ETF etc. to buy and hold for the next 10 years. Please provide a symbol, if possible. But please do not provide the name or symbol of an individual company. (We are seeking to identify attractive asset classes, not specific companies.)
[Read more...]The Dow Jones Industrial Average bounced 45 points yesterday – lifting the index to a new 18-month high of 10,895. This achievement punctuates a dazzling one-year rally that has lifted the Dow more than 70% from its lows.
During the early days of this epic rally, bullish investors had both low valuations and an improving economic trend on their side. The price-to-earnings ratio of the S&P 500 index was about 40% below its five-year average. While at the same time, the worst of the credit crisis had seemed to have passed.
[Read more...]In the January 4th edition of The Daily Reckoning, Bill Bonner offered his new Trade of the Decade: Sell long-dated Treasury bonds, buy deep-value Japanese stocks. Your California editor agrees wholeheartedly with the first half of this trade, but has a different suggestion for the second half…and he shared these views in a recent presentation to the Investment University Conference in San Diego, California, which occurred on St. Patrick’s Day.
[Read more...]No, the headline is not a paid promotion for The Daily Reckoning’s new and current Trade of the Decade… but it sure sounds like one. Author of “The Black Swan,” Nassim Nicholas Taleb, reflecting upon the fiscal and monetary policies in the US, sees it as a “no brainer” that “every single human being should have that trade.”
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Bill Bonner on Deflation, U.S. Treasury Bonds and the Trade of the Decade
Welcome to the DR Video Series. A few times a month, we will post interviews, video shorts and insights from today’s top minds. As a Daily Reckoning reader, you’ll have first crack at these exclusive videos — we’ll let you know each time one is posted.
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