Archive for Addison Wiggin
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.
5 Minute Forecast September 18th, 2008
ANOTHER guv’ment bailout… details on the U.S.’ steady march to socialism, and how much it’s costing you…So why AIG and not Lehman?… An options trader’s look into today’s market… and his catalyst for a market rebound… Housing starts plummet to 17-year low… so why are mortgage apps soaring?… Think the U.S. has it bad? Two other nations getting slammed by the global slowdown…The latest bull market emerges in London… floating dead animals
How to Sell the Dollar
In 2004, then Treasury Secretary John Snow was traipsing about the globe trying to “talk the dollar down.” Why? In a word: debt. At the time, our debt stood at $7 trillion, with interest payments in fiscal 2003 totaling $318 billion. But now the U.S. national debt stands above $9 trillion, with interest payments in fiscal 2007 adding $1.4 billion a day.
A Dollar Crash Will Have Disastrous Implications for Global Financial Markets
The dollar’s slump is of great and immediate concern because, while the dollar has been slipping only gradually in the recent past, the rate of decline has picked up momentum.
Pathological Consumption
Most people can relate to the realities of how jobs and profits shift, and why. The idea that higher-wage manufacturing jobs are being lost and replaced by lower-wage retail jobs, for example, is a reality that working people understand. They get it.
How to Sell the Dollar, Part II
Seeking to spur the economy to growth, the Fed and the Treasury have been actively devaluing the dollar.
How to Sell the Dollar, Part I
In 2004, then Treasury Secretary John Snow was traipsing about the globe trying to “talk the dollar down.” Why? In a word: debt.
Three Scenarios That Could Cause a Sudden Drop in the U.S. Dollar’s Value
Foreign countries drop their U.S. dollar reserves. We depend on foreign investment in our currency to bolster its value or, at least, to slow down its fall. When that thinly held balance changes, our dollar loses its spending power.
BoA’s Big Disappointment, Shanghai Bear Market, U.S Food Rationing, Europe Hates the Dollar, and More!
Another multibillion-dollar write-down hits the Street. China gets chopped in two… Shanghai Composite erases 2007 gains. Rice at another record high… U.N. warns of coming “silent famine,” food rationing hits U.S. soil. Euro near $1.60… global finance chiefs grow tired of the declining dollar.
Employment Stats Point to Recession, Heads Rollin’ on Wall Street, Financials Outlook, Universal Healthcare and More!
Two rarely reported employment trends point to imminent recession. Heads roll on the Street…how the latest firings are pushing the globe to tech bust-level pain. Citigroup’s latest mega write-down. Grains continue their record rise. European, Asian travelers weigh in as readers rage over universal health care.
How Subprime Will Hurt Your Kids, Byron King on $115 Oil, Food Crisis Getting Serious, $2 Mil Camels, and More!
The latest victims of the subprime meltdown…your kids. Highlights of the Fed’s latest Beige Book. Gas, oil, food…fresh all-time highs. Merrill Lynch disappoints…another economic think tank says credit crisis barely halfway finished.
Latest News
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- How to Play the Sovereign Wealth Fund Property Boom9:26am CDT
- Early Indicators: Europe Acts to Rescue Banks… Stocks Up…9:19am CDT
- Nouriel Roubini: Markets Will Fall Another 20%5:55pm CDT
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- J. Cristoph Amberger Says Buy Ford, Alon, GE, GM and GM Now11:00am CDT
- Get Ready for a Big Bear Market Bounce10:31am CDT
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- Why the Dow’s 40% Nosedive May Turn Into a Safe Landing10:01am CDT
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