Ben Bernanke was put up for another term as head of the Federal Reserve. And the Obama administration said the downturn was a little worse than it had thought, so it’s estimate for the 2010 budget deficit had to be updated – increased by 19%…
August 27th, 2009 | Bill Bonner | 0 comments | ContinuedAll Posts Tagged With: "Agora Financial"
Deception of the Bull and the Bear Markets
Which makes us think that the rally is probably NOT over. It’s too soon to hammer the bulls. Not enough of them yet. This market should rise more…in order to draw in more suckers.
April 9th, 2009 | Bill Bonner | 0 comments | Continued
Federal Reserve Has Destroyed the Economy
Neil Irwin at the Washington Post reported, with that subtle-yet-unmistakable hint of panic, “The Federal Reserve yesterday escalated its massive campaign to stabilize the economy, saying it would flood the financial system with an additional $1.2 trillion.”
March 31st, 2009 | Mogambo Guru | 8 comments | Continued
Greenspan and His Demented Federal Reserve Chairmanship
He is reported to have said, “Given the decoupling of monetary policy from long-term mortgage rates, accelerating the path of monetary tightening that the Fed pursued in 2004-2005 could not have prevented the housing bubble.” Hahahaha!
March 24th, 2009 | Mogambo Guru | 1 comment | Continued
Gold and Silver!
“Oh, you haven’t gotten around to buying any gold or silver yet? Let me quote Rudyard Kipling, from his poem ‘Gunga Din.’ You need to ‘put some juldee in it.’ Quick! Go and get some precious metals! Don’t make me say I told you so, because I will.
March 10th, 2009 | Bill Bonner | 1 comment | Continued