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 15, 2026 • Addison Wiggin
As Treasury Secretary Scott Bessent pitches tax relief, stocks are rallying as if redistribution itself were a form of stimulus.

April 14, 2026 • Andrew Packer

April 13, 2026 • Addison Wiggin

April 16, 2026 • Addison Wiggin
We’re seeing thin volume and little market breadth mark amid yesterday’s historic highs for the S&P 500 Index and Nasdaq Composite…

April 15, 2026 • Addison Wiggin

April 14, 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
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 10, 2026 • Addison Wiggin
Recession risk isn’t hypothetical anymore. In fact, history shows it’s creeping toward levels last seen before major economic breakdowns…
April 9, 2026 • Addison Wiggin
As evidenced today, even a fragile ceasefire can make a huge impact. The danger isn’t the uptrend — it’s assuming the hard part is over…
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.