Is this a little correction in the long upward climb of stock prices? Is it a pause in humanity’s march to perfection? Or is it a resumption of the bear market that began 2 years ago?
February 1st, 2010 | Bill Bonner | 1 comment | ContinuedAll Posts Tagged With: "banking crisis"
Where Do the Feds Get Any Money?
They have to borrow it…or print it. There’s a big difference between federal borrowing and private borrowing. When the private sector borrows the risk is that people won’t be able to pay back their loans.
September 9th, 2009 | Bill Bonner | 11 comments | Continued
American Banking System is a Branch of the Federal Government
You probably know the old Chinese curse, “May you live in interesting times.” I heard it first 30 years ago from an economics professor – my mentor, in fact. He was lecturing about the problems Austrian economic models predict when banking is controlled by government.
July 8th, 2009 | Patrick Cox | 1 comment | Continued
The Permanent Portfolio
Today’s Daily Reckoning begins with an outsider’s look at the Australian banking sector. Then we’ll take a Prime Ministerial look. And finally, a Gallic technical trader’s look. All three perspectives suggest that Australia’s banking sector is a lot less insulated from the global crisis than its advocates have suggested. But don’t take our word for it…
January 21st, 2009 | Dan Denning | 17 comments | Continued
The Coming Oil Back Draft
During the big run up to $150, national oil companies were cash cows. But it now appears that little of the oil bounty was reinvested in new production or even maintenance of existing production. So what do we have now? We have a situation here. A situation where the falling oil price is leading a big reduction in oil production. This will match, for a while reduced demand for oil. But we also think it’s baiting the trap for a huge blowback in oil prices. And the spark for that could be geopolitical…
January 19th, 2009 | Dan Denning | 1 comment | Continued
No Great Depression but Still Plenty of Depressing Financial Statistics
There ain’t no Great Depression. But that doesn’t mean that there aren’t a great many depressing financial statistics…and a great many financial decisions in need of correction…and a great number of people who will wish they had done things differently. But yesterday, stock market investors seemed to think the worst that could be seen had been seen; it was time to bid up stocks again.
April 3rd, 2008 | Bill Bonner | 4 comments | Continued
The True Cost of This Crisis
How to keep your head when all about you are losing theirs? “Steer clear of the new gold rush,” urges Jason Zweig, a senior columnist at Money Magazine. “Aw, just lend! Lend! LEND!” screams the Federal Reserve. Sporting its usual crystal-meth grimace, it’s stumping up $200 billion in Treasury bills for desperate New York brokers to kick-start the world’s capital markets. And now they can use flakey mortgage-backed bonds as collateral.
March 13th, 2008 | Adrian Ash | 0 comments | Continued
This Week Marked the Six-Month Anniversary of the Fed’s First Cut to US Interest Rates During the Current World Banking Crisis
This week marked the six-month anniversary of the Fed’s first cut to US interest rates during the current world banking crisis. And it’s been fun, fun, fun ever since for hard asset investors…
February 25th, 2008 | Adrian Ash | 1 comment | Continued