As I write this, there is great uncertainty over the economy in the West, in the United States and Europe, and the credit crunch, debt levels and falling house prices are causing anxiety and even panic in some.
James Dale Davidson’s book, The Great Reckoning, foretells a depression, and the authors give a 15 step programme [...]
Sometimes we wonder what it takes to get rich, but Davidson & Mogg suggest it’s not some big secret in avoiding being poor in the Western World. Just finish school, get a job, and keep the kids to a minimum.
The odds in favor of escaping poverty in the postwar United States were 200:1 for anyone [...]
Bill Bonner of the Daily Reckoning writes:
It is May Day in Europe. It is a holiday for almost everyone. But here at The Daily Reckoning ’s mobile headquarters, we keep reckoning day in and day out.
And what we reckon today is that two extraordinary things happened yesterday – related to one another and equally absurd.
Yesterday, [...]