“There’s no money in cattle now. So my father sold our ranch over in Angustura. We’re buying a big farm in Bolivia. It’s about 7,500 acres. Very rich. And with lots of water…
April 11th, 2008 | Bill Bonner | 1 comment | ContinuedEurope
Commentary on European 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.
The Market is Willing to Lend to Icelandic Banks Again
We mentioned Icelandic bonds the other day. They’re an intriguing investment because yields are exceptionally high. Obviously, wherever you get high rewards, it is a good idea to look around to find out why; there’s bound to be a reason.
April 7th, 2008 | Bill Bonner | 1 comment | Continued
Madame Sarkozy is Like No First Lady France Has Ever Seen
Women represent half the human population. As poets, we are fascinated by them. As philosophers we are intrigued. And as economists, we cannot ignore them. Mr. Sarkozy’s wife is a woman, but not just any woman; she seems to us to be a kind of überfemale. Almost unnaturally gifted, talented, beautiful and corrupt…
April 4th, 2008 | Bill Bonner | 2 comments | Continued
Cristina Fernandez de Kirchner Alienates Farmers
At the heart of the matter is a new tax - up to 49% - on soy exports. Argentina is a farming nation. And soy prices are so high, the farmers planted every available acre, hoping to score big on international grain markets. And now the government has stepped in to take half their money…
April 4th, 2008 | Bill Bonner | 4 comments | Continued
Labour Government Rejected Amendment to Lisbon Treaty Which Called for a Referendum
The parliamentary ratification took no notice of public opinion. The Labour Government rejected an amendment to the Lisbon Treaty Bill which would have called for a referendum. The Government’s majority in the House of Commons was 63, on a vote of 311 to 248.
March 7th, 2008 | William Rees-Mogg | 3 comments | Continued
As the Price of Subprime Debt Plummeted, so Did the Reputation of an Entire Profession
With the steady decline of the financial industry, the public perception of those who deal with money is turning negative. The rich are under attack. But as Bill Bonner points out, maybe putting up with the rich is not such a bad idea. Read on…
March 3rd, 2008 | Bill Bonner | 0 comments | Continued
Gazprom, the State-Controlled Natural Gas Monopoly
The Russian government is pushing a plan to invest $1 trillion, roughly the size of its entire GDP, in modernizing its infrastructure over the next 10 years. It’s likely that some of this money will find its way to Gazprom, the state-controlled natural gas monopoly. Some suspect Vladimir Putin’s stake in the future of Gazprom extends well beyond his relationship with chairman Medvedev.
February 27th, 2008 | Dan Amoss | 0 comments | Continued
Europe is About to Suffer an Outbreak of Obamamania
There has been an extraordinary shift in the age group which dominates political life, in Europe as well as the United States. Those of us who are older than the baby boomers, saw them take over from our generation and now see our children’s generation taking over from them.
February 25th, 2008 | William Rees-Mogg | 6 comments | Continued
London is a Remarkable City for Tax Avoidance
We took the train out to Luton Airport this morning. Standing on the platform at London Bridge Station we watched the early morning trains come in. Out of them came the working classes, people who wear jeans and watch caps and start work early on construction sites, in restaurants and hotels, and in the few [...]
February 22nd, 2008 | Bill Bonner | 2 comments | Continued
From Chivalry Came the Idea of Romantic Love and St. Valentine’s Day
The first of the Merovingian kings of France, such as it was at the time, was Clovis - a barbarian. Clovis won the Battle of Soissons in 486 and the famous Vase of Soissons, a holy vessel from the church, fell into his hands.
February 15th, 2008 | Bill Bonner | 1 comment | Continued