Well, maybe not all buying is drying up, as silver market analyst, Ted Butler, reports that in the last 10 months, “some 150 million ounces of silver can easily be documented to have been bought by investors.
October 6th, 2009 | Mogambo Guru | 2 comments | ContinuedAll Posts Tagged With: "aig"
At a Time When We Are Drowning in Debt, We Are Also Out of Money
When a debtor is out of money, he has no ability to repay. And when a creditor has borrowers who are out of money, the creditor has no income. No earnings. No power to make better loans.
September 17th, 2009 | Bill Jenkins | 3 comments | Continued
Seems Everyone is Speculating on the Banks
“Public assistance enables the world’s largest 15 financial firms to return to the capitalization they had in September 2008,” the article continues. The largest of the largest, HSBC, is now judged to be worth $186 billion, according to the stock market.
September 2nd, 2009 | Bill Bonner | 2 comments | Continued
Begging the Question: Recovery to What?
Does it mean that American “consumers” (so-called) are awaited momentarily in the flat-screen TV sales parlors with their credit cards fanned-out like poker hands, ready for “action?” Not too likely with massive non-performance out in cardholder-land, and half the nation’s electronics inventory wending its way onto Craig’s List.
April 17th, 2009 | James Howard Kunstler | 29 comments | Continued
Traders Sell Bank Stocks Due to Goldman Sachs Surprise
What we wonder is why Goldman needed to be made whole at all if its exposure to AIG was hedged? And why did Goldman get paid US$14 billion for its securities when the market value was around $8 billion?
April 15th, 2009 | Dan Denning | 36 comments | Continued
Jim Cramer Says The Depression is Over
But as far as we can tell, the rally is still underway. The G20 meeting is widely seen as a triumph. The money is flowing. People think we’ve seen the bottom.
April 8th, 2009 | Bill Bonner | 3 comments | Continued
The Law of Supply and Demand is Not Dependant Upon Congress
For us, it applies heavily to the advances of government into the field of business. It only makes sense: the occupants of the White House and the Capitol have done such a good job with their budgets over the years, they just want to help everyone else (over the cliff, that is).
April 2nd, 2009 | The Daily Reckoning | 1 comment | Continued
Cars Could be Designed by Congress
Yes, dear reader…here at The Daily Reckoning, we feel positively blessed. We are getting to see things we never thought we’d see: crash, depression, socialism, nationalizations…things that we’d read about in the history books.
April 2nd, 2009 | Bill Bonner | 1 comment | Continued
America’s Debt Woes
Mr. Timothy Geithner was the man who was on watch when the ship ran aground. His job, as head of the Federal Reserve Bank of New York, was to keep an eye on Wall Street. Now, he’s come forward with a new $1 trillion plan to get the boat back on the water.
March 30th, 2009 | Bill Bonner | 5 comments | Continued
Investors and Their Lost Money
Our guess is that the blood will flow…but later. It’s still fairly early in the correction. Investors have lost money – lots of it. Homeowners have lost their homes. Working stiffs and Wall Street sharpies have both lost their jobs. But the violence-prone yahoos still expect something for nothing. The bailout plans will work, they believe. The government will step in and save them.
March 30th, 2009 | Bill Bonner | 4 comments | Continued
Feds Begin Buying U.S. Treasuries Bonds
Do you remember how it works, dear reader? When you buy a U.S. Treasury bond, you pay for it with real money – or, at least as real as dollars get. Money changes hands. No net increase in the money supply. But when the Fed buys a Treasury bond it creates the money to buy it…and thus the money supply increases.
March 26th, 2009 | Bill Bonner | 2 comments | Continued
Free Market Capitalism, The God That Failed
Free market capitalism is the “god that failed,” writes Martin Wolf. Thus does Financial Times lead off a feeble chorus of lament in its “Future of Capitalism” series. What do we do now? is the question. Can capitalism be tamed? Can it be harnessed? “Yes we can!” says America’s president.
March 23rd, 2009 | Bill Bonner | 9 comments | Continued
Bernanke’s Stunning Plan
“This is a very powerful and aggressive move,” said the chief economist at Bank of New York Mellon Corp., speaking with Bloomberg Television. “One of the reasons I’ve been arguing we won’t have a depression is we’ve got a Fed chairman who understands the problem and is going to come with the right diagnosis and the right medicine.”
March 23rd, 2009 | Bill Bonner | 0 comments | Continued
Feds to Buy Government Debt
Yes, dear reader, when Richard Nixon cut the link between the dollar and gold, the world has been using a money system that is, to put it in its best light, experimental. The last experiments of this sort – on anything like this scale – were conducted in the 18th century. The Banque Generale was set up by that rogue, John Law, to buy up the debt of France – of which there was plenty.
March 20th, 2009 | Bill Bonner | 0 comments | Continued
What Did the Feds Think When They Gave AIG Money?
One member of Congress – Senator Grassley – retreated from his call for AIG executives to commit suicide. It would be all right with him if they just showed a little contrition, he says now.
But all over the world – and especially in Washington DC – the mobs are out in the streets with liquor on their breath and ropes in their hands.
March 19th, 2009 | Bill Bonner | 3 comments | Continued
