The world’s markets have begun a major correction. The world’s governments - led by the United States - are determined to stop it. They want people to spend like there was no tomorrow. But people are acting like every day is tomorrow. Instead of spending, they are beginning to save…
January 9th, 2009 | Bill Bonner | 4 comments | ContinuedAll Posts Tagged With: "bailout"
The Planet’s First Worldwide Bailout
Yes, it’s the planet’s first Worldwide Depression. And the planet’s first Worldwide Bailout. Now the meek are inheriting the world. The downtrodden are getting up off the ground…
December 12th, 2008 | Bill Bonner | 0 comments | Continued
After the Bailout of Wall Street, Everybody Wants Cash
The automakers are at the head of the line. Auto sales fell 6% worldwide in the 3rd quarter. GM says its North American sales were worse - off 18.9% from last year…
October 31st, 2008 | Bill Bonner | 1 comment | Continued
A Bailout Bill for the Fed Should be Interesting
The pols have finished Christmas treeing the bailout bill. The House of Representatives passed it in an historic vote Friday. Here at The Daily Reckoning…we stand back…aghast…agog…
October 6th, 2008 | Bill Bonner | 1 comment | Continued
The Battle Against a Bailout is a Lost Cause
The party line is that the world needs a bailout. Everyone says so. And now the Senate, in its magisterial wisdom, has vowed to get back on the case until it comes up with something…
October 2nd, 2008 | Bill Bonner | 0 comments | Continued
The Bailout is Approve So Now It’s Time to Buy Gold
Investors are sure getting their share of information overload. In just two months, the economic landscape in America has markedly changed. It will change in the rest of the world, too. And not for the better, despite the pleasantly surprising news that the U.S. House of Representatives actually rejected the $700 billion bailout - the Treasury’s latest harebrained idea. Maybe it demonstrates there is a limit to how much the American people will tolerate…
October 2nd, 2008 | Ed Bugos | 0 comments | Continued
Bailout Rejected by the House
The House voted down the $700 billion bailout. Investors were downcast. They had hoped for an easy, quick rescue. The Dow fell 777 points - its worse day ever…
October 1st, 2008 | Bill Bonner | 2 comments | Continued
Parasites and Chiselers Who Benefit from the Bailout
Who will bear the ultimate cost of bailing out Wall Street. No one knows the answer. And no one seems to feel bothered by it – even though the cost will rise to about $2,000 per family…
September 26th, 2008 | Bill Bonner | 3 comments | Continued
The Bailout Debate Rages On
As we said, the debate over the bailout keeps on truckin’…yesterday, members of the Senate Banking Committee who are incredulous about the effects of the enormous bailout drilled Paulson and Bernanke for 5 hours…
September 25th, 2008 | Bill Bonner | 3 comments | Continued
Freddie, Fannie Bailouts Leave American Taxpayers Footing the Bill
You can call it a bailout, you can call it a safety net or you can call it a rescue package,’ the paper quoted a research director at Argus Research, ‘but the bottom line is the American taxpayer is left footing the bill…
September 10th, 2008 | Bill Bonner | 4 comments | Continued