Hey… That rascal, Alan Greenspan, is back in the newspapers. And this time he has something sensible to say.
January 6th, 2012 | Bill Bonner | 7 comments | ContinuedAll Posts Tagged With: "Alan Greenspan"
Greenspan and His Fed Were Wrong 90% of the Time
Mr. Greenspan defended his legacy. He was right 70% of the time, he said. The other 30% of the time he was wrong.
April 12th, 2010 | Bill Bonner | 1 comment | Continued
RBA Governor Glenn Stevens Reveals Intention to Raise Interest Rates to Normal Levels
When the man who sets interest rates tells you that you’re rising, it would be wise to at least hear him out. Whether you take him at his word is up to you. But if you’re making financial plans – say, like you’re going to buy a house and are trying to figure out if you can stand a few extra points rise in the interest rate – the man has told you what is going to happen.
March 30th, 2010 | Dan Denning | 48 comments | Continued
Federal Reserve Increases Rate at Which Banks Can Borrow From It
In a debt drugged, liquidity obsessed world, a change in interest rates can go from affecting profitability to affecting solvency very quickly. And it’s not just the banks that are high on cheap credit.
February 27th, 2010 | Nickolai Hubble | 0 comments | Continued
The Descent of Money
The first modern competition between gold and paper money ended like the pre-modern ones. Gold won. Herewith, a short summary:
February 1st, 2010 | Bill Bonner | 8 comments | Continued
You Can Lead Investors to Liquidity but You Can’t Make Them Buy Stocks
Our version of this Christmas story is that a long-term bear market began in 2000. This was the fall-out from the dot.com boom and the end of an 18-year bull market in stocks that had begun in 1982. Left to its own devices, the market would have declined to more reasonable valuations and companies would have sorted out real ways to grow earnings.
December 14th, 2009 | Dan Denning | 2 comments | Continued
Federal Government is Sabotaging a Genuine Recovery
“Great time for US consumers, America is on sale,” says an item at YahooFinance. The “discounts are unbelievable,” adds a blogger known as Frugal Rhode Island Momma.
October 12th, 2009 | Bill Bonner | 0 comments | Continued
Financial Markets Have Clearly Rallied
If it’s true that markets lead economies, markets are telling us that things are going to get much better. The FTSE index of emerging markets is up 99% from its March lows. The S&P 500 is up nearly 60%. And gold itself is up 25%, with much of that move coming in the last few weeks.
September 21st, 2009 | Dan Denning | 10 comments | Continued
Debt and Deficits Do Matter
We are told that for example debt doesn’t matter because if a company takes out a certain level of debt, say a very low level of say 10% debt to equity, that’s irrelevant to the company’s value because the person buying shares in that company can take out 90% debt to equity ratio.
September 9th, 2009 | Dan Denning | 2 comments | Continued
Financial World Has Every Reason to Encourage Government Stimulus
Besides, the limits on executive compensation are window-dressing for public (voter) consumption. With bonuses limited by statute, we reckon more compensation for the financial industry will move back to stock option grants. That means for the financial industry to preserve its privileged status, stock prices have to move higher.
September 8th, 2009 | Dan Denning | 6 comments | Continued
Paul Krugman Advised the Bank of Japan to Purposely Cause Inflation
So I told him, “I like it fine, except I wanted lobster! Rich, flakey lobster to dip into real melted butter so wickedly delicious that you can actually hear your arteries hardening from just looking at it; but I can’t order lobster because inflation in prices…
August 18th, 2009 | Mogambo Guru | 4 comments | Continued
Why Weren’t Economists On Top of This Thing?
Even Alan Greenspan admitted he had “found a flaw” in his own thinking. We will have to imagine the giggles from the back of the room – if anyone had been awake. It was as if Stalin had confessed to being rude to his mother…
August 10th, 2009 | Bill Bonner | 4 comments | Continued
Does Bernanke Really Not Understand His Fate?
Mr. Bernanke defended himself and the Fed against suggestions that he was too eager to aid large financial institutions last fall and winter, while sacrificing the interests of small businesses and everyday American citizens.
July 31st, 2009 | Byron King | 13 comments | Continued
The Public Still Buys Stocks but the Love is Gone
According to the Australian Share Ownership Study by the ASX, overall share ownership among Australians dropped to 6.7 million in 2008, or just 41%. That was down from 46% ownership near the top of the market in 2006. According to Chris Zappone in The Age, “The study shows risk-wary investors saying they “they preferred blue-chip shares” amid falling confidence in the overall market.”
June 29th, 2009 | Dan Denning | 3 comments | Continued
Choking on Debt in the Unfolding Anglo-Saxon Bond Crisis
“You will always be a child of two worlds, and fully capable of deciding your own destiny,” Spock’s father Sarek tells him in the latest Star Trek movie. Which brings us to Australia’s place in this emerging new world order. Which place will it be? De-industrialised deadbeat debtor or something else?
May 27th, 2009 | Dan Denning | 1 comment | Continued
