Of course, as long as stocks went up, the new capitalists didn’t mind or notice that the financial industry took advantage of them. They completely misunderstood what they had gotten into.
May 5th, 2009 | Bill Bonner | 0 comments | ContinuedAll Posts Tagged With: "automakers"
Give Liquidation a Chance!
If our hotline rings and Mr. Obama is on the phone, we know what advice we will give: Let the banks fail. Let them go broke. Let them be liquidated. Then, the surviving banks could buy up the decent assets and emerge stronger than ever…
February 26th, 2009 | Bill Bonner | 3 comments | Continued
Obama’s Bailout: Too Little, Too Late?
The combination of falling earnings and falling P/Es does to stock prices approximately what the Romans did to Carthage in the third Punic War. That’s why we have our Crash Alert flag flying. Stock prices delenda est. Typically, depressions come with bear markets. And bear markets come with bounces and rallies. We expected an O! Bama! bounce after the election. We got one…but much less than we expected. Stocks only rallied about 15%…
February 19th, 2009 | Bill Bonner | 0 comments | Continued
Buy Gold
Stocks down, Gold up, Jobs down, Bankruptcies up, Rally over? Don’t think so… Bubbles finished? Nope, one to go… Buy gold…
December 11th, 2008 | Bill Bonner | 4 comments | Continued
