Happy New Year!
Our first and most important resolution for 2011 is a simple one: to keep Reckoning. Normal services will resume on Wednesday, January 5th. In the meantime, we thought we’d do something a little different.
The beginning of a New Year is a good time to reflect on the months that just passed us by…and wonder how they will affect the months ahead. The following selection of musings from Dan Denning and Bill Bonner highlight a year of lies and larceny, ludicrous tax proposals and loan debacles… and leaks (of both oil and diplomatic intelligence)…
Enjoy and see you in 2011!
Dan’s Forecasts and Strategies for 2010
Dan Denning, January 6th, 2010
“Stocks up and then down?” CHECK. “US Dollar down against the Aussie?” CHECK. “A slow but steady slide toward an existential crisis for the Nation State as a competent, solvent institution for the 21st century?” We’ll say CHECK to that one too. But what did Dan get wrong?
Bill’s Trade of the Decade
Dan Denning, January 7th, 2010
Last decade it was sell stocks, buy gold. It’s still early days… there are nine years to go… but how did Bill Bonners new Trade of the Decade fare in 2010?
The Day the Oil Stopped Flowing
Dan Denning, July 16th, 2010
And on the 85th day, after vomiting 184 million gallons of oil into the Gulf of Mexico, British Petroleum finally capped the oil well drilled by the Deepwater Horizon drilling rig under one mile of water. Should you have joined the contrarians and bought BP shares?
“Complete, full-bore China collapse” in 2011?
Dan Denning, May 21st, 2010
Dan Skypes with Capital and Crisis’ Chris Mayer – at the Grand Hyatt in Beijing at the time – and gets his worst case scenario for China. It has grave implications for Australian investors. You find part one here.
Foreclosuregate – Get Ready for the Coming Total Destruction of the U.S. Mortgage Market
Dan Denning, October 13th, 2010
What happens when borrowers lie on their loan applications…the mortgage originators makes loans without any documentation of work or income…the securitiser packages these faulty loans and sells them to investors…the ratings agency says these bad debt investments are just fine to buy…the insurance companies sell default insurance by the bucket-load… and the government happily presides over the whole debacle? We didn’t find out in 2010. Chances are we will in 2011…
A Rally in a Bull Costume
Bill Bonner, March 11th, 2010
“This rally has gone on for so long most people think it is not a rally at all, but a new bull market. Worldwide, it has taken equities up some 73%… making it one of the greatest rallies ever. What are we to think? Are we alone in thinking it’s still a trap? What happened to the problems that led to the crisis of ’07-’09?” Both Bill and Admiral Akbar were right. It WAS a trap.
Nasty Dan Makes Reader Sad
Dan Denning, February 17th, 2010
“He’s a geopolitical Shinboner with a modem and he’s not afraid to use it.”
Dan Denning, December 15th, 2010
Forget the diplomatic cables. Boring. Dan uncovers a much more astounding revelation surrounding Wikileaks founder Julian Assange here.
“It’s time to save every possible penny. 2011 is going to be worse than 2008 – a lot worse.”
Bill Bonner, December 1st, 2010
A colleague of Bill warns: “The problems of 2008 haven’t gone away. We’ve just borrowed a lot more money to make people think everything would be okay. As the veneer wears off, there’s going to be a real panic; and this time it will be worse, because there’s zero trust and confidence left in the government or the bankers. Here’s what I’d do if I were in your shoes…“
Night of the Living Zombie Bureaucratic Socialists
Dan Denning, June 22nd, 2010
An army of wealth-stealing Zombies from the government are now on the march. They walk amongst us in broad daylight. And their ludicrous proposals to impose super taxes on every industry and to bludgeon free people into unthinking submission are starting to become a real threat to personal freedom and your ability to achieve financial independence. Dan tries to come up with some rules for defeating these zombies here.
It’s a Parity Party. And Everyone’s Invited.
Dan Denning, 21st, 2010
First the Aussie dollar reached parity with the U.S. dollar. Then it reached a new high against the Euro? Is double parity possible in 2011? Come to think of it, is there a currency that isn’t invited to this Aussie parity party? Find out here.
Gold is Not a Perfect Way of Measuring Wealth, Just the Best Way
Bill Bonner, February 22nd 2010
Gold is inert. Lifeless. Incorruptible. But inherently shiftless. It never gets out of bed in the morning. It has never earned a penny in its entire life. Gold won’t make you rich. But it could very well stop you going poor in 2011.
Markets and Money Year in Review