First, Americans made a colossal mistake in the ’90s and the ’00s. They partied…they spent…they borrowed…running up huge debts in the private sector.
November 23rd, 2009 | Bill Bonner | 10 comments | ContinuedAll Posts Tagged With: "americans"
Americans Aren’t Borrowing Or Buying
This is the story we’ve been telling here at The Daily Reckoning for two years. Americans have to cut back. They are out of time and out of money.
October 13th, 2009 | Bill Bonner | 1 comment | Continued
Cheapest Place in the World to Live is the US
Housing is cheap in the United States. In Texas and Arkansas, housing is probably the best bargain on the planet. Food prices are going up; still food in the US is much cheaper than it is in Europe.
September 22nd, 2009 | Bill Bonner | 21 comments | Continued
The Codependent Relationship Between China and the United States
Each enabled each other’s excess. China added mightily to the world’s supply – far more than was actually needed. America, meanwhile, did heroic work on the demand side.
August 24th, 2009 | Bill Bonner | 7 comments | Continued
Country Has Moved Towards More Government Intervention in Economy
In 1986, 40% of Americans thought government regulated the economy too much. Now, 40% think it doesn’t regulate enough.
June 4th, 2009 | Bill Bonner | 1 comment | Continued
Americans are Paying Record Prices for Energy and Food
When the United States got squeezed by high energy prices, Americans decided to squeeze energy out of their own food crops…
July 8th, 2008 | Bill Bonner | 1 comment | Continued
Americans Celebrate Independence Day but Have Never Been More Dependent
Most Americans are enjoying their picnics and fireworks today. But here at The Daily Reckoning headquarters in Europe, we recognize no national holidays and only take a break when we can’t get an Internet signal.
July 7th, 2008 | Bill Bonner | 1 comment | Continued
John Button & America’s Australia
We’d never heard of former Labor politician John Button until we learned he’d died earlier this week. We found a great article written by Button the February 2007 edition of “The Monthly” magazine. The article was called “America’s Australia,” and referred to a 1942 book called “Instructions for American Servicemen in Australia.” The book tried to help American soldiers in Australia (there were 1 million of them in 1942, compared to seven million Aussies) understand more about their local hosts.
April 11th, 2008 | Dan Denning | 2 comments | Continued
Should an American Keep His Money in Gold, Euro or the Dollar?
So where should an American keep his money? This was a much easier question when gold was under $500 and the dollar was worth more than the euro. Of the three, the dollar was the last place you wanted to be.
March 28th, 2008 | Bill Bonner | 5 comments | Continued
What’s Going on with Consumer Spending? We have a Few Theories
And what’s going on with retail sales? If consumers really were feeling the squeeze we think they ought to be feeling, they’d start spending less money right away. But the evidence is mixed. Some numbers show a big drop in consumer spending… others show consumers still opening their wallets.
February 19th, 2008 | Bill Bonner | 1 comment | Continued
