Meanwhile, the news two days ago was that homebuilding took a dive in October. Work began on 11% fewer houses than the month before.
November 20th, 2009 | Bill Bonner | 1 comment | ContinuedThe Americas
Commentary on American economics, politics and society by your Daily Reckoning editors in Melbourne, Australia. Still haven’t subscribed to the Daily Reckoning? What are you waiting for… sign up here, it’s free!
A chronological listing of articles is below.
49 Million People Went Hungry at Some Point in 2008
Meanwhile, we learn – in the same paper – that “Rising obesity will cost the USA $344 billion.”
November 19th, 2009 | Bill Bonner | 7 comments | Continued
US Economists Think China Should Raise the Value of Yuan
China is today’s big story. Throughout the world’s media there is much buzz and blather about the “romance”…the “historic relationship”…between the two titans.
November 19th, 2009 | Bill Bonner | 0 comments | Continued
China Will Rule the Business World While America Finds Itself Heavily in Debt
The 19th century belonged to Britain, the 20th century belonged to America and in the 21st century, China will rule the business world. Whether you like it or not, this transition is already underway…
November 18th, 2009 | Puru Saxena | 10 comments | Continued
US Has Highest Unemployment Rate of All Major Economies
You give them more money, say, in unemployment assistance. Or, you give them a tax credit when they buy a new house. Or, you give companies a big tax break.
November 17th, 2009 | Bill Bonner | 3 comments | Continued
Big Drops in Stock Prices Are Always Followed by Bounces
A bounce of 50% of what was lost is not unusual. That’s what happened after the Crash of ‘29, for example. So, there’s nothing exceptional about what we’re seeing on Wall Street.
November 17th, 2009 | Bill Bonner | 1 comment | Continued
Should Foreigners Invest in Argentina?
“Much of the world is going through a downswing of the credit cycle. Argentina doesn’t have and didn’t have much credit. So it will be spared the big problems. But it sells farm produce to the rest of the world.
November 16th, 2009 | Bill Bonner | 0 comments | Continued
Obama Urged to Fix Airline Industry
On the surface of it, the idea is absurd. What does Obama know about airplanes? Who would want to fly in an airplane with Obama in the pilot seat?
November 16th, 2009 | Bill Bonner | 0 comments | Continued
US Economy and its Political System Has Become More Rigid and Costly
One thing Americans take for granted is that they will always be the richest, most successful people on earth. They think that because that is what they have always known.
November 16th, 2009 | Bill Bonner | 2 comments | Continued
Major Premise That Government Economists Can Improve Workings of a Free Economy
That leads people to believe that the feds have pulled off a save…they’ve now got the economy well along on the road to recovery…the recovery is getting stronger as time goes by…
November 12th, 2009 | Bill Bonner | 5 comments | Continued