The problem is not just the current debt levels of these nations, because the deficits in all the countries are rising. Tax revenues are collapsing at the same time…
February 24th, 2010 | Egon von Greyerz | 2 comments | ContinuedAll Posts Tagged With: "bankruptcy"
Feds are Getting Plenty of Taxpayer Support
Not only are the feds taking up a bigger percentage of GDP, they’re also becoming bossier. During the Bush years the federal register recorded 7,000 more pages of new rules.
February 16th, 2010 | Bill Bonner | 1 comment | Continued
Greek Banks Playing the Carry Trade and Investing in Government Bonds
Another day, another country looks to be heading towards bankruptcy.
Greece was last night downgraded by ratings agency Fitch from A- to BBB+ and was placed on negative credit watch. That means there could be more downgrades to come.
The Greek budget deficit is currently 12% of GDP.
December 9th, 2009 | Murray Dawes | 3 comments | Continued
The Government Bureaucrats of East Germany Exist in the United States of America Today
In 1949, the Soviets and the Allies divided Germany into two parts. One part followed a traditional capitalistic path to reconstruction. The other part took the socialist road.
November 10th, 2009 | Bill Bonner | 0 comments | Continued
Gold Price Should Continue Going Up as the Dollar Accelerates its Terminal Decline
But first, just a reminder about the gold conference in Canberra November 2nd through 5th in Canberra. You can read about it here. Space is limited, so if you’re keen to go, you’d better move fast. Your editor will be there too, for the first time, and is looking forward to a world-class line up of speakers on gold as money and gold investments.
October 2nd, 2009 | Dan Denning | 6 comments | Continued
Gold Doesn’t Always Need Inflation to Rise
If the feds succeed at inspiring growth without also causing higher levels of inflation, gold will be a bad place for your money – relative to stocks.
September 28th, 2009 | Bill Bonner | 5 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
If Americans Do Not Return to Work, There Is No Recovery
We have rallied based on one of the largest and most concerted propaganda campaigns ever waged, supported by government stimulus. But no government can stimulate forever…
August 7th, 2009 | Bill Jenkins | 0 comments | Continued
The Business Bankruptcies and the Personal Bankruptcies
Yesterday’s issue of USA Today featured a report that said small businesses are going broke faster than expected. Small businesses are supposed to be the survivors. Like mammals in the Ice Age, they replace the dinosaurs.
July 3rd, 2009 | Bill Bonner | 1 comment | Continued
Good Luck with Money
There was a story about one lottery winner in the press here in London last week. He had won millions of pounds. Feeling lucky, he invested in a number of enterprises suggested by friends, relatives and total strangers – all failed. He married a much younger woman – who later left him…
June 30th, 2009 | Bill Bonner | 6 comments | Continued
