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

















April 10, 2026 • Addison Wiggin
With energy prices on the rise, it’s fair to wonder if the Iran excursion is anything other than a distraction on the road to the golden age…

April 9, 2026 • Addison Wiggin

April 8, 2026 • Addison Wiggin

April 13, 2026 • Addison Wiggin
Markets are shrugging off Iran noise and leaning back into AI, but a divide between hardware and software is beginning to emerge…

April 10, 2026 • Addison Wiggin

April 9, 2026 • Addison Wiggin
April 8, 2026 • Addison Wiggin
Despite dramatic rhetoric, stocks stayed flat — until a ceasefire confirmed what traders suspected all along: escalation wasn’t the endgame.
April 7, 2026 • Addison Wiggin
Money has never landed evenly. From Cantillon to today, those closest to the source still get rich first. And everyone else pays later…
April 7, 2026 • Addison Wiggin
Small businesses are driving much of the recent hiring, suggesting a late-cycle catch-up even as overall labor demand begins to soften…
April 6, 2026 • Addison Wiggin
Inflation is proving more persistent than expected, as the Strait of Hormuz remains the center of global attention amid the ongoing Iran war.
April 6, 2026 • Addison Wiggin
For over a decade, global financial markets depended on the “yen carry trade.” Now, soaring Japanese bond yields threaten global liquidity…
April 3, 2026 • Addison Wiggin
Gold is an ideal hedge for protection against government foolishness and market volatility. Except… when it isn’t, like we’re seeing today.

April 2, 2026 • Addison Wiggin
Politicians talk. Markets often discount any potential follow-through or just ignore them altogether. But Trump isn’t like other politicians.

April 2, 2026 • Andrew Packer
With private credit infecting the entire financial system, the contagion is proving as hard to “contain” as subprime mortgages in 2007…

March 31, 2026 • Addison Wiggin
Fix the system, and it snaps under pressure. Free it, and it adapts. The Federal Reserve is about to make that choice in real time…

March 31, 2026 • Andrew Packer
Markets may be correcting, but earnings haven’t blinked yet. And right now, that’s the only thing holding this together…