Mobs, Messiahs and Markets

We would be there, too. But yet again, the invitation committee seems to have lost our address. Instead, Donald J Trump will have to represent us. Maybe he'll break the evil spell. Maybe not. Citadel of globalism. In the Financial Times is a photo of a smiling Christine Lagarde. The former French finance ...

Marshal Michel Ney, one of France's greatest soldiers, was executed by his own people…who later put up a statue of him in Paris. General Robert E Lee was revered by both sides in the War Between the States; statues were later erected on both banks, north and south, of the Potomac. Now they are ...

The big news today is that the Dow has hit a new record of over 25,000. We'll get to that in a minute…we're still looking over our shoulders at last year's performance. Let's see, the top-performing US stock market sector last year was technology. An investment in the top 100 NASDAQ stocks went up 34%.

Not only did he save us a lot of money…but he also helped us better understand how government actually works. What 'The Donald' understood better than the professional politicians was that democratic politics is basically a form of entertainment. It's a sordid part of show biz — all hocus ...

In all the excitement surrounding the passing of the GOP tax bill, we almost missed it. But on Tuesday, as stocks rose to a record high in anticipation of a huge payoff to corporate America, bonds fell. The yield on the 10-year Treasury note (which rises as the bond price falls) rose to 2.39%. That's up from a ...

How 'bout that bitcoin! It went up another $2,000 last night. Does it go down, too? We think we know the answer. But let's look at more familiar ESPs. This week, we've been focusing on Extremely Simple Patterns, or ESPs. What's an ESP? When you ask your wife if she's gained weight, for example, she may ...

With his friend and colleague Addison Wiggin, he co-founded The Daily Reckoning in 1999, and together they co-wrote the New York Times best-selling books Financial Reckoning Day and Empire of Debt. His other works include Mobs, Messiahs and Markets (with Lila Rajiva), Dice Have No Memory, and ...

With his friend and colleague Addison Wiggin, he co-founded The Daily Reckoning in 1999, and together they co-wrote the New York Times best-selling books Financial Reckoning Day and Empire of Debt. His other works include Mobs, Messiahs and Markets (with Lila Rajiva), Dice Have No Memory, and ...

I have a confession to make. Twice while reading the book Mobs, Messiahs, and Markets: Surviving the Public Spectacle in Finance and Politics, by William Bonner and Lila Rajiva, I felt a compelling need to refer to the first few pages and refresh my memory on when the book was published. For your ...