Remember, housing is a consumer item, not an investment. It needs to be affordable. That is, the average fellow has to be able to buy the average house - and pay for it…
August 29th, 2008 | Bill Bonner | 0 comments | ContinuedArchive for Bill Bonner
Best-selling investment author Bill Bonner is the founder and president of Agora Publishing, one of the world's most successful consumer newsletter companies. Owner of both Fleet Street Publications and MoneyWeek magazine in the UK, he is also author of the free daily e-mail The Daily Reckoning.
Housing Mistakes Embarrass the Rich
People bought houses they couldn’t really afford to own in places they couldn’t afford to live. And cars they couldn’t afford to run. Those mistakes need to be undone.
August 28th, 2008 | Bill Bonner | 0 comments | Continued
Gold’s Time May Be Up
People buy gold to protect themselves from inflation. But inflation isn’t going to increase in a recession. You’d be better off in cash until this thing turns around…
August 28th, 2008 | Bill Bonner | 0 comments | Continued
Is Dubai the Bubble It’s Made Out to be?
Dubai’s lifestyle makes the average American look like a prudent, energy-conscious, environmentally-friendly health nut! 60% of the average Emirates’ total income is spent on consumer goods - Gucci totes, designer abayas and million-dollar number plates.
August 28th, 2008 | Bill Bonner | 0 comments | Continued
Illegal Gold Mining
“We’re sent out in teams of 5 to 10…we parachute down to the jungle clearings…then we run them off. Usually, they take off when they see us. Then, we set fire to everything. We destroy their shacks and their machines.”
August 28th, 2008 | Bill Bonner | 0 comments | Continued
A Correction is Unavoidable
The question for us, here at The Daily Reckoning, is: what kind of correction it will be? Will higher prices reduce the value of the dollar…
August 27th, 2008 | Bill Bonner | 0 comments | Continued
Jules Begins His Last Year of School in Boston
We took Jules to the train station this morning. He’s beginning his last year at school in Boston…
August 27th, 2008 | Bill Bonner | 1 comment | Continued
Housing Prices Have Been Cut in Half in Merced, California
Poor Merced; The New York Times calls it a disaster. Housing prices have been cut in half. Three out of four of the houses listed for sale are foreclosures…
August 26th, 2008 | Bill Bonner | 2 comments | Continued
I.O.U.S.A. the Movie Opens in 358 Theatres Across the Nation
It is not merely a documentary film…it is also an expression of hope for our species. The question at hand - the real theme of this monumental drama - is whether a group of people can change the course of history…
August 25th, 2008 | Bill Bonner | 2 comments | Continued
GM Gives Up the Oscars
GM is said to be giving up its sponsorship of the Oscars for obvious reasons - it’s running out of money. And shopping malls are finding it harder to bring in customers…
August 22nd, 2008 | Bill Bonner | 1 comment | Continued