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Posts by: Addison Wiggin

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Addison Wiggin

Addison Wiggin is the executive publisher of Agora Financial, LLC, a fiercely independent economic forecasting and financial research firm. He’s the creator and editorial director of Agora Financial’s daily 5 Min. Forecast and editorial director of The Daily Reckoning. Wiggin is the founder of Agora Entertainment, executive producer and co-writer of I.O.U.S.A., which was nominated for the Grand Jury Prize at the 2008 Sundance Film Festival, the 2009 Critics Choice Award for Best Documentary Feature, and was also shortlisted for a 2009 Academy Award. He is the author of the companion book of the film I.O.U.S.A.and his second edition of The Demise of the Dollar… and Why it’s Even Better for Your Investments was just fully revised and updated. Addison also co-authored international bestsellers Financial Reckoning Day and Empire of Debt with Bill Bonner.

  1. Daily Reckoning

    Golden Shell Games July 22, 2010

    That’s right, gold. You know, the ultimate money. Or Gold: The Once and Future Money, as our friend Nathan Lewis titled his 2007 book, for which we were privileged to write the foreword. Hey, Wall Street can take a $250 million sewer project in Alabama and turn it into an insurmountable debt 20 times as …Read more…


  2. Daily Reckoning

    Risks in the Municipal Bond Market: Follow the Signs July 15, 2010

    Demand was so intense for $900 million of bonds issued yesterday by the state of Illinois, it drove yields 15 basis points below expectations. Yes, we know. This is the same state that’s about $5 billion behind on its bills and whose pension system is in the worst shape of any state in the union. …Read more…


  3. Daily Reckoning

    US Debt Rating Downgraded (Sort Of) July 13, 2010

    Breaking news: As we’ve been forecasting for some time, the US has been stripped of its AAA credit rating. So have Britain, France and Germany… The great reckoning has begun… Let your crash flag fly! Wait a second…this one’s a fake. Like an iPod nano purchased at the Pearl Market in Beijing, this credit rating …Read more…


  4. Daily Reckoning

    Commercial Real Estate Continues its Drag on the Economy July 6, 2010

    In April 2007, we issued a report headlined The Second Wave of the Housing Tsunami: 2007-2011 in which we suggested commercial real estate was likely to be the second shoe to drop in what was already an unnerving collapse in the residential housing market. Some of the more speculative plays we issued in the report …Read more…


  5. Daily Reckoning

    The Assault on Enterprise July 2, 2010

    We’re less than three weeks away from the start of the Agora Financial Investment Symposium in Vancouver. And it appears our choice of a theme for this year – Assault on Enterprise: How to Invest in an Age of Rising Taxes, Wall Street Crooks and Government Boondoggles – is more apt than ever. It’s not …Read more…


  6. Daily Reckoning

    Double-Dip Recession a Fashionable Discussion Piece July 1, 2010

    To make money investing, you have to be ahead of the crowd…or at least looking for the story no one is telling. That was a tough task this morning. Suddenly, discussing the unthinkable – a double-dip recession and a retest of the March 2009 lows – is in vogue. Even readers are bored with the …Read more…


  7. Daily Reckoning

    Deflation, Inflation and Why Paul Krugman Fears Austerity June 28, 2010

    This is very disconcerting, fellow forecaster. Paul Krugman is making sense… up to a point. “We are now, I fear, in the early stages of a third depression,” the Nobel laureate wrote in a NY Times Op-Ed yesterday, dipping his toes into a pool we’ve been sloshing around in for some time. “It will probably …Read more…