But the deep trends continue. The government grows…and heads towards bankruptcy. Most developed nations are running huge deficits in their public accounts.
March 17th, 2010 | Bill Bonner | 27 comments | ContinuedMarket
Commentary on global share markets 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.
America, An Empire You Can Trust?
The trouble with being number one in military power is that you need to find a way to pay for it. Which brings to mind a recent book by Thomas F. Madden, Empires of Trust.
March 17th, 2010 | Bill Bonner | 1 comment | Continued
Federal Reserve to Withdraw its Support of U.S. Mortgage Market?
NAB has given us a preview of what we suspect the Federal Reserve is going to do. It’s our view that the Fed cannot realistically remove support from the mortgage market. Its announced intention to do so is merely cosmetic. It’s placating anxious holders of dollar-denominated assets.
March 17th, 2010 | Dan Denning | 8 comments | Continued
Inflation or Deflation?
The question of whether we are headed into an inflationary or deflationary environment is probably one of the most important, complex and difficult questions to answer right now.
March 16th, 2010 | Greg Canavan | 32 comments | Continued
Who Can Blame Consumers for Being More Ready to Spend Money?
The most recent figures show the consumer becoming a little freer with his money. But look beneath the surface and you find government statisticians juking and jiving with the numbers.
March 16th, 2010 | Bill Bonner | 1 comment | Continued
China’s Currency Manipulation is a Form of Economic Stimulus
China’s Wen Jiabao has told the Americans to stuff it, although not in so many words. At a two-hour news conference in which he warned that removing stimulus too early would lead to second dip in the global recssion, Wen also defended China’s currency manipulation.
March 16th, 2010 | Dan Denning | 8 comments | Continued
Bankers Found Ways to Hide Debt
Goldman Sachs did for Greece essentially what it had done for the subprime borrowers in the private sector – it helped them to go broke.
March 15th, 2010 | Bill Bonner | 2 comments | Continued
India Can Grow for Many Years
We were on our way to CNBC, where we were being interviewed. For some reason, your editor has achieved minor celebrity on the subcontinent.
March 15th, 2010 | Bill Bonner | 3 comments | Continued
As Supply of US Debt Goes Up, Quality of Dollars Declines
But what about the US federal government? No austerity at all. Just the opposite. The feds announced the biggest budget deficit ever – $221 billion for the month of February.
March 15th, 2010 | Bill Bonner | 0 comments | Continued
China Buys its Own Gold
As we wrote in a note this weekend, most analysts immediately took that to mean China would not be a buyer of the 191.3 metric tons of gold the International Monetary Fund announced it would sell on February 17th. And if China were out as a major buyer of gold on international markets, speculators reckon that the gold price is in for a fall.
March 15th, 2010 | Dan Denning | 0 comments | Continued