Addison Wiggin is the editorial director and publisher of The Daily Reckoning, and executive publisher of Agora Financial. He is also one of the executive producers and writers of I.O.U.S.A. a feature length documentary film nominated for the Grand Jury Prize at the 2008 Sundance Film Festival.
China has overtaken the U.S. in yet another category of global influence this morning. This time it’s Brazil. China is now Brazil’s No. 1 trading partner, snapping a nearly 80-year tradition of Brazil depending primarily on exports to America.
Economy got you down? Never fear, Ben Bernanke’s here…Why bear market rally might still have room to run… 1 in 5 homeowners “underwater”… 2 data points suggest the worst is yet to come…As stocks climb, dollar falls… one currency that will continue to outperform the greenback…Chris Mayer on China’s fuel of the future: “It may surprise you”…
Stocks break-even for 2009… 2 charts detail the strange path to “profitability”… Chris Mayer on Buffett, Berkshire and the latest shareholder’s meeting…Dan Amoss with a sector begging to be shorted…Our in-house bankruptcy adviser on the fate of Chrysler…Plus, a rare Overtime Briefing… investing in the “swine flu”
A.F. analysts clash… can the niche retailer survive the credit crunch?…Crisis begets steadfast citizens… Americans move about the country at lowest rate in 47 years…A long-term outlook on the American stock market…The latest sector to catch Chris Mayer’s attention…U.K. launches historic spending spree, hikes taxes to 50%..
China calls dollar into question… why the red nation wants a new “international reserve currency”… Stocks boom… what happened the last time the Dow jumped 18% in 10 days…A smart way to solve the housing crisis… that will never survive Washington… Plus, signs of the times: UAE buys chunk of Mercedes-Benz, and a quiet change at AIG
More tough news for U.S. jobs… what you need to know in today’s BLS employment report…Dow setting records left and right… two historic looks at just how lousy 2009 has been…Chris Mayer on the next megatrend… far bigger than the current crisis…Chuck Butler explores “a strange thing happening in currencies”…Plus, a reader exposes our “simple-minded,” “right-wing babbling” for what it is… at last…
While American stocks stumble, Shanghai soars… why Chinese equities are bucking the global trend… More data disasters… ADP jobs report, auto sales register scary declines…Tired of shaking down U.S. taxpayers, GM aims abroad… EU begged for Detroit dollars…Obama, Bernanke talk up Uncle Sam’s book… Eric Fry on how rampant inflation still seems inevitable…Chuck Butler takes a stab at the $10 trillion question: “How long will this dollar strength last?”
Citi sets a record… how it could signal a market bottom by June…Dan Amoss on a “rescue” program that might work as advertised — and even touch off a stock rally… Buffett dispenses more pearls of wisdom… highlights of his annual letter to shareholders… Byron King on the energy crisis the government must solve… soon… U.S. still doesn’t have it that bad… the new Iron Curtain forming in the EU
Taibbi goes on air and talks about Goldman article [video] BNN
New evidence on the foreclosure crisis WSJ
Michael Lewis on Wall Street reckoning day Wall St and Tech
Rich Harvard, poor Harvard Vanity Fair
Rogue broker blamed for oil spike FT
Banks own the US government Guardian
Banks’ bogus bonuses The Big Money
NYSE halts transparency ZeroHedge
Britain’s Queen may run out of money by 2012 CNBC
Our globe trotting politicians NYT