I hope you’re getting accustomed to the markets falling in the past few weeks. It seems like there’s nowhere to hide. Read on

‘Eternal Father strong to save
‘Whose arms hath bound the restless wave
‘Who bids the mighty ocean deep
‘Its own appointed limits keep
‘Oh hear us when we cry to Thee
‘For those in peril on the sea’ Read on

Good news: Economists have finally admitted how clueless they really are. One wrote a book about it called Narrative Economics. I haven’t read it yet, but I’m going to give Robert J Schiller a hard time anyway. Largely because the very successful economist, who I admire greatly, won’t give two hoots. Read on

In my previous edition of The Daily Reckoning Australia, I listed a variety of techniques to optimise efficiency. Read on

Another 50-basis point hike in the cash rate and the market in Melbourne and Sydney is ice-cold. Read on

We left Ireland yesterday. The airport was packed. Where are they all going, we wondered. Old, young…fat, slim…we didn’t think COVID had left so many alive. Read on