The Daily Reckoning
A Turning Tide
Questionable policy initiative in Japan: encouraging bureaucrats to procreate...paying $2 million for a dump...
*** When will America's house party be broken up?...the mess Greenspan will leave be...
Low-Cut Dresses and Ugly Ducklings
If all of your friends jumped off the bridge...real estate continues to cause people to do the oddest things...
*** The original sin...flooding the world with money and labor...bending over backwa...
More Than a Conundrum
Moving money from one pocket to the next...America's lust for wealth...
*** You can't guarantee success...magical, mystery money...
*** There's a skunk in the woodpile...a serious addiction to mo...
A Recipe for Disaster
Greenspan explains the interest rate conundrum...money would literally grow on trees if the Fed had its way...
*** You have to earn it before you can spend it...who will replace the maestro?
*** ...
Hollow Dummies
The patriotic duty to consume...the wheels of the U.S. empire are getting a bit rusty...
*** Imperial hallucinations...who's going to throw Greenspan a life preserver?
*** There will be no joy in...