Wall Street suffered its first reversal in eight days yesterday. The Dow dropped a modest 7 points. For its part, gold rose $1.30 and the dollar fell. More importantly, the latest news is that inflation rates continue to fall. Producer prices went down 0.8% in the last two months – and the rate of decline is accelerating. It won’t be long before the US is in outright deflation – just like Japan.
July 19th, 2010 | Bill Bonner | 1 comment | ContinuedAll Posts Tagged With: "The Americas"
Moving On Out
Against a backdrop of heated immigration disputes along its border states, America this week learned that a small but growing number of her citizens are choosing to renounce their citizenship in order to pursue a freer life abroad.
May 3rd, 2010 | Joel Bowman | 2 comments | Continued
To Peg, Or Not To Peg?
When a 10-ton elephant plods through a village of grass huts, the big question on everyone’s mind is: which way is he going to turn next? With China, that fundamental question translates to guessing when Beijing will make changes to the value of the yuan.
April 27th, 2010 | Peter Schiff | 0 comments | Continued
Chermany vs. Gremerica
The big exporters – China and Germany, who Martin Wolf calls “Chermany” – ran big trade surpluses. The big spenders – notably Greece and the US, who we will call Gremerica – ran large trade deficits.
March 29th, 2010 | Bill Bonner | 2 comments | Continued
America Presents Unsettling Parallels With the Disintegration of Rome
Mighty powers like America and Rome grow so big and sprawling that they become impossible to manage.
February 9th, 2010 | David Walker | 15 comments | Continued
Cleaning Up America’s Fiscal Policy
During the first eight years of their lives, we have learned, the nation’s financial hole grew by 176 percent to $56.4 trillion. And the number is not standing still…
February 2nd, 2010 | David Walker | 1 comment | Continued
Children Growing Up in a Different World
Not so with our children. They inherit a different world. America was the world’s leading nation in the ’50s and ’60s. And it was growing in power and wealth – rapidly. We grew up with it.
October 26th, 2009 | Bill Bonner | 6 comments | Continued
America Loves the Word “Recovery”
All this goes to show is how completely the people in charge of things in the United States have lost their minds. They seem to think this mass exercise in pretend will resurrect the great march to the Wal-Marts, to the new car showrooms, and the cul-de-sac model houses…
August 28th, 2009 | James Howard Kunstler | 2 comments | Continued
America’s Decline as a Great Empire
“I think future historians will put the beginning of America’s decline as a great empire in the year 2003, when the U.S. invaded Iraq,” said a French historian at dinner last night…
July 14th, 2008 | Bill Bonner | 3 comments | Continued
For Four Generations, America Has Been the World’s Alpha Nation
Primitive people imagine that they are to blame for whatever goes wrong – floods…earthquakes…volcanic eruptions; they appease the gods by tossing nubile virgins into volcanoes and building huge monuments of granite in their honor. Modern people imagine that they are to thank for whatever goes right. Did they not write the Treaty of Versailles…
May 19th, 2008 | Bill Bonner | 2 comments | Continued
What Should You Do With Your Money Now? Find Out What the World Wants Most of Right Now
Today we are feeling positive… helpful… almost earnest. We offer some buy-side advice.
February 22nd, 2008 | Bill Bonner | 0 comments | Continued
Those Who Toil in Finance are Unhappy
Subprime mortgages, liar’s loans, private equity finance, Chinese stocks, residential housing, SIVs, CDOs – they all needed more and more leverage, more and more finance, just to stay even.
February 18th, 2008 | Bill Bonner | 0 comments | Continued
