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 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 7, 2026 • Addison Wiggin

April 7, 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 6, 2026 • Addison Wiggin

April 3, 2026 • Addison Wiggin
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 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…
March 30, 2026 • Addison Wiggin
Already trading historically sideways through January and February, the markets are now pricing a prolonged spike in energy and natural resources and the uncertainty of war in real time.

March 30, 2026 • Addison Wiggin
When conflict escalates, capital must choose sides. That’s why Hormuz isn’t just a chokepoint — it’s a confidence test for the global system.

March 27, 2026 • Addison Wiggin
The Trump “pain index” just hit extremes, and history says something has to give. The system is under strain — and every asset is reacting…

March 27, 2026 • Addison Wiggin
With geopolitical tension and election uncertainty building, concentration risk is no longer theoretical — it’s active…

March 26, 2026 • Addison Wiggin
Markets aren’t reacting to headlines — they’re reacting to chokepoints, where energy, debt and geopolitics collide in real time…