daily-reckoning

Remember When… the US Deficit Was “Only” $82.7 Billion?

Welcome to the Daily Reckoning’s “Remember When” series. Each day we turn back the clock and take a look at our musings from five and ten years ago to the day.Not only will you be shocked at just how quickly time passes (yes, 2005 was a decade ago), but you can see what we predicted correctly, what we missed the […]

Why China's Stock Market Faces Potential Dangers of Illegal Trading

Infamous trader Nick Leeson has a word of warning for China’s equity markets. His message is loud and clear. Improve regulations and transparency, or risk losing billions at the hands of rogue traders.Back in 1995, Leeson was a trader for Barings Bank in Singapore.Things took a turn for the worst when Leeson began to lose money. He attempted to hide […]