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 13, 2026 • Addison Wiggin
The rapidly advancing AI boom is overshadowing military commitments to secure the infrastructure this revolutionary technology depends on…

April 10, 2026 • Addison Wiggin

April 9, 2026 • Addison Wiggin

April 14, 2026 • Addison Wiggin
The stage is set for either the greatest transfer of wealth in history or its greatest destruction as consumer spending trends downward…

April 13, 2026 • Addison Wiggin

April 10, 2026 • Addison Wiggin
April 9, 2026 • Addison Wiggin
So far in 2026, a whopping $8 trillion in U.S. debt is due to “roll over” at shorter durations, and higher yields…
April 8, 2026 • Addison Wiggin
The war is over — at least if you believe the internet. Victory laps are already being taken, but no one with actual authority got the memo…
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…