From the creators of The Daily Reckoning, I.O.U.S.A, Empire of Debt and The Daily Missive
From the creators of The Daily Reckoning, I.O.U.S.A, Empire of Debt and The Daily Missive
December 3, 2025 • Addison Wiggin
A conversation with John Robb, Grey Swan Contributor, on the war with Iran and geopolitical effects in the age of networked warfare.
March 20, 2026 • Addison Wiggin
Kevin Warsh is calling for a “Modern Treasury-Fed Accord” to shrink the Fed’s balance sheet and end its role as a market backstop.
March 19, 2026 • Addison Wiggin
March 18, 2026 • Addison Wiggin
March 23, 2026 • Addison Wiggin
Federal Reserve chairman nominee Kevin Warsh aims to slow the money before it spills over. Shrink the $6.6 trillion balance sheet. Stop using the Fed as a a preemptive bailout tool for bad decisions in Washington, D.C. and on Wall Street.
March 20, 2026 • Addison Wiggin
March 19, 2026 • Addison Wiggin
March 18, 2026 • Addison Wiggin
That earnings calls are buzzing with questions about AI is a good sign investors are trying to be realistic about the tech’s capabilities…
March 17, 2026 • Addison Wiggin
The market’s headline indexes have held their ground, relatively speaking, among all the Persian Gulf hand-wringing. But it’s worth a closer look at what’s causing this unique setup…
March 17, 2026 • Addison Wiggin
The problems in private credit aren’t going away – they’re compounding. For now, the market is more focused on Iran and oil than private credit. But the trouble compounds.
March 16, 2026 • Addison Wiggin
With the United States conducting what the Pentagon politely calls an “operation” against Iranian military infrastructure, markets have had every reason to be panicky. Instead, the past week delivered something subtler…
March 16, 2026 • Addison Wiggin
Gold has been consolidating after a powerful multiyear rally. Yet with America’s gold reserves equal to only about 3% of federal debt, the metal could still have significant upside ahead.
March 13, 2026 • Andrew Packer
The Federal Reserve can print money, but it can’t print oil. As energy prices surge and supply disruptions loom, the central bank may find itself with limited tools to fight inflation driven by real-world shortages.
March 13, 2026 • Andrew Packer
The plan to release 172 million barrels from the Strategic Petroleum Reserve would leave the U.S. with its smallest stockpile of emergency oil in more than four decades. And with tensions simmering globally, the shrinking reserve raises uncomfortable questions about how prepared the U.S. is for the next supply disruption…
March 12, 2026 • Addison Wiggin
The IEA is weighing the largest coordinated oil reserve release in its history, but global supply risks remain as tanker traffic through the Strait of Hormuz faces ongoing disruption…
March 12, 2026 • Andrew Packer
Headlines, a sluggish labor market, and persistent inflation are keeping the tone bearish, despite seasonal trends that usually turn bullish. But long-term investors can still find oversold opportunities if they buy strategically now…
March 12, 2026 • Andrew Packer
Roughly $72 billion of loans in the $1.8 trillion private credit market are already in default, and some estimates suggest that number could climb much higher. Now firms like BlackRock, Morgan Stanley and JPMorgan Chase are slowing redemptions as investors try to get out.
