Other Recent Articles
The Dow Gives Up the Post-ZIRP (Zero interest rate policy) Gains
Yesterday, the Dow lost another 219 points - it has given up almost all the post-ZIRP gains. You remember ZIRP? Zero interest rate policy. Read on…
22Dec2008 | Bill Bonner | 4 comments | Continued
Obama’s New Stimulus Program
Obama is talking about a new stimulus program of more than $850 billion. The last major stimulus program was $700. So far, only half that money has been skimmed. Read on…
22Dec2008 | Bill Bonner | 0 comments | Continued
Deleveraging Will Give Us a Bout of ’30s-Style Deflation
Deleveraging will (and is) giving us a bout of ’30s-style deflation. But, yes, the feds are coming to the rescue - like an exterminating angel…
22Dec2008 | Bill Bonner | 0 comments | Continued
Bernie Madoff is a Giant in His Field
Bernie Madoff is a giant in his field. He out-ponzied Charles Ponzi. He out-princed Chuck Prince. He could have taught the Egyptians how to build pyramids. In the history of high-stakes grifting, he outdid them all. A Robin Hood with Alzheimer’s; he stole from the rich. If he’d only remembered to give to the poor he’d be a hero! Read on…
22Dec2008 | Bill Bonner | 7 comments | Continued
Oil Prices Fall 77%
You’d also think that the 77% fall in oil prices from their all-time high would be unmitigated good news for consumers and the economy…
22Dec2008 | Dan Denning | 0 comments | Continued
Real Estate Brokers: The Latest Victims of the Housing Crunch
What are real estate brokers driving these days? Well, based on a very small sample of two brokers seen at an ‘open for inspection’ last weekend, they are driving a six-year old Holden Commodore and three-year old Holden Astra. Read on…
20Dec2008 | Kris Sayce | 7 comments | Continued
The Fed Will Cut Rates Today
What can the feds do? They’ve cut rates…they’ve bailed out…they’ve lent…they’ve bought…they’ve sent out checks. Altogether, the bill for all this stimulation is stretching up to $9 trillion. Read on…
17Dec2008 | Bill Bonner | 11 comments | Continued
Alan Greenspan’s “Smallish” Injections
One argument advanced in the attempted exoneration of Greenspan is that he didn’t really pump that much money into the credit markets. For example, popular blogger Megan McArdle writes, “Both right wing Austrians and many liberals have a common theory of how all this happened: Alan Greenspan dunnit. The mechanisms by which he accomplished his foul task are different in the two cases, of course. Read on…
17Dec2008 | The Daily Reckoning | 3 comments | Continued
Lower Bond Yields by Any Means Necessary
The benefits of merely mentioning the strategy started showing up right away. Yields were down and prices were up as traders loaded into U.S. bonds. All aboard the Fed’s Bond Yield Express! Destination Zero! You can see below that the current yield curve is more of an on-ramp. And the only reason it looks moderately curvy is the scale on the y-axis. Read on…
17Dec2008 | Dan Denning | 0 comments | Continued
Sell the Dollar
The ground is giving way beneath our feet: Sell the dollar…Sell Treasuries. People still stand their ground…they do not panic. Read on…
16Dec2008 | Bill Bonner | 6 comments | Continued