Daily Reckoning

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  • If You Like Eating Out: Read Me

    If You Like Eating Out: Read Me

    This post If You Like Eating Out: Read Me appeared first on Daily Reckoning. Dear Rich Lifer, When it comes to saving money, a category many people cut out right away is dining out. This makes sense – restaurant meals can be pricey, and when you add on tax and tips, they can break the budget quickly. Luckily, if you use a little forethought, there are lots of ways you can save money and still indulge in a meal out now and then. Here are a few of our favorites: BYOB An easy money saving tip is to drink water instead of pricey soft drinks or alcohol, but sometimes you just want to enjoy a tasty beverage with your meal. Sodas can cost $4-5 apiece, though, and beer and wine is much more per serving. Instead of spending $8 each for a glass of house wine and a decent beer, look for local restaurants that will let you bring your own. Yelp and Google reviews will usually mention if a restaurant allows you to bring your own, and while some places might charge a small corkage fee, it’s nominal compared to the price of buying a bottle from the restaurant …Read More »
  • The Most Wonderful Time of the Year? Not So Fast…

    The Most Wonderful Time of the Year? Not So Fast…

    This post The Most Wonderful Time of the Year? Not So Fast… appeared first on Daily Reckoning. Dear Rich Lifer, The holiday season is often hailed as “the most wonderful time of the year”. For most that is true! Filling your days with hot cocoa, classic movies, and the smell of pine trees, baking cookies, or logs burning on the fire, along with the company of friends and family to warm your heart can be festive indeed. But for some, especially those further north, the long, dark winter months can be dreadful, regardless of the joy surrounding them, if you suffer from Seasonal Affective Disorder. If you’ve never heard of Seasonal Affective Disorder, it’s a medical condition that affects the lives of millions of Americans. Seasonal Affective Disorder, more commonly known as S.A.D, or seasonal depression, is defined as a form of depression that is directly related to the change in seasons. Bouts of Seasonal Affective Disorder begin and end at around the same points in time every year (meaning for most that symptoms begin in the late fall, and continue into the winter months, ending in spring). What Causes S.A.D.? S.A.D. occurs for a variety of reasons, one of …Read More »
  • Trade Wars Just Getting Started

    Trade Wars Just Getting Started

    This post Trade Wars Just Getting Started appeared first on Daily Reckoning. Markets are eagerly awaiting the conclusion of the so-called “phase one” trade deal between the U.S. and China. Both parties are trying to reach a mini-deal involving simple tariff reductions and a truce on new tariffs along with Chinese purchases of pork and soybeans from the U.S. The likely success or failure of the mini-deal has been a main driver of stock market action for the past year. When the deal looks likely, markets rally. When the deal looks shaky, markets fall. A deal is still possible. But investors should be prepared for a shocking fall in stock market valuations if it does not. Markets have fully discounted a successful phase one, so there’s not much upside if it happens. On the other hand, if phase one falls apart stock markets will hit an air pocket and fall 5% or more in a matter of days. But even if the phase one deal goes through, it does not end the trade wars. Unresolved issues include tariffs, subsidies, theft of intellectual property, forced transfer of technology, closed markets, unfair competition, cyber-espionage and more. Most of the issues will not …Read More »
  • Wall Street Falls for the Ruse

    Wall Street Falls for the Ruse

    This post Wall Street Falls for the Ruse appeared first on Daily Reckoning. The president has spoken… A China trade accord can jolly well wait until next year’s election is done, he announced yesterday. While the president spoke, the United States House of Representatives legislated… China is allegedly roughhousing its Uighur (wee-gr) Muslim minority. The House has passed legislation that denounces the inhumanity… and sanctions certain Chinese officials for their villainous participation. Beijing is unamused — toweringly unamused. Swift retaliation it has promised if the Uighur Intervention and Global Humanitarian Unified Response Act of 2019 assumes force of law. In brief, neither party presently negotiates from goodwill. Meantime, the Dec. 15 deadline draws near. On that date fresh tariffs enter effect — absent a resolution. Given the mutual asperity presently prevailing… a resolution is far from certain. Is it any wonder the stock market turned in losses three consecutive sessions? Thus today was the ideal occasion for a lovely trade rumor… a gorgeous sprig of catnip to excite, vivify and invigorate the animal spirits. Global Times editor Hu Xijin, late yesterday: I predict there is a high probability that President Trump or a senior U.S. official will openly say in …Read More »
  • Turn Your Trash into Cash

    Turn Your Trash into Cash

    This post Turn Your Trash into Cash appeared first on Daily Reckoning. Dear Rich Lifer, eBay is an interesting place. If you’ve ever been working on a project and needed some odds and ends, the chance of you finding someone selling what you’re looking for on eBay is pretty good. I’ve bought all kinds of things from eBay over the years and it’s saved me a ton of money. From used tools to furniture, vinyl records to gift cards, you name it. Even downright weird things, like empty egg cartons for DIY soundproofing, I’ve been lucky enough to find sellers. What this means is that you could also be selling these things too. For example, what do you do with used toilet paper rolls? If you’re like most people, you throw them away. But, you could collect them and resell the rolls on eBay for a few bucks. There’s a surprising number of weird things people will buy online. So before you declutter your house this holiday season, check online to see if someone might be interested in buying what you’re throwing away. Here’s a list of 10 things you probably didn’t know you could sell on eBay for decent …Read More »