Meanwhile, we learn – in the same paper – that “Rising obesity will cost the USA $344 billion.”
November 19th, 2009 | Bill Bonner | 7 comments | ContinuedAll Posts Tagged With: "bernanke"
Is It Really the End of the Dollar Carry Trade?
But as you’ll learn today, the bankers, the Fed, the media…the whole lot of them…have learned nothing from last year. The hangover was just beginning to set in, so everyone began drinking again heavily. And now the party is wild and out of control. Even the cops are drunk.
October 27th, 2009 | Dan Denning | 4 comments | Continued
Paying Off Debt is Like Dying…
Voters don’t like hearing about debt. Politicians don’t like talking about it. And economists don’t want to think about it.
October 19th, 2009 | Bill Bonner | 5 comments | Continued
Zombies at the Fed and the Treasury Department Try to Gnaw on Survivors’ Savings
The new movie – Zombieland – about a group of survivors in a world of zombies, was the biggest grossing film in America and Canada over the weekend. It must reflect the zeitgeist of the North American public…
October 6th, 2009 | Bill Bonner | 0 comments | Continued
Aren’t You the Least Bit Suspicious that Goldman is Talking Up the Banks?
Goldman Sachs has raised its rating on large banks to “attractive.” In related news, Neal Barofsky, the special inspector general for the Troubled Asset Relief Program has said that the Feds may have, er, not quite told the truth about the health of the banks receiving TARP funds. He didn’t use the word, lie though. How are these two items related? We’ll explain below.
October 6th, 2009 | Dan Denning | 4 comments | Continued
A Recovery of Some Kind in Global Trade
“Global trade rose at its fastest rate in more than five years in July,” The Financial Times reports, “suggesting the economic recovery is feeding through into commerce.”
September 30th, 2009 | Bill Bonner | 1 comment | Continued
US Federal Government Ran the Biggest Deficit in History
In theory, the US government could do the same. But, in fact, it never runs significant surpluses. There are too many people who want too much bread and too many circuses. And you don’t win votes by denying the voters…
September 30th, 2009 | Bill Bonner | 2 comments | Continued
Markets Rise While the Economy Sinks
The problem is that the global economy in general, and the US economy in particular, is operating on so much medication that it is difficult to conduct an appropriate examination of the patient at the current time.
September 21st, 2009 | Bill Bonner | 0 comments | Continued
Feds Can’t Cause a Genuine Recovery Simply by Throwing Money into Economy
Meanwhile, the feds are muddying the waters. They’re trying to fool the consumer…to trick him…to make him think that up is down and down is up. They want him to believe that the fat years are coming back…
September 17th, 2009 | Bill Bonner | 3 comments | Continued
Japanese Practically Gave Away Money to Anyone Who Would Borrow It
We wrote a book, Financial Reckoning Day with Addison Wiggin, in 2003. In it, we predicted that the United States would follow Japan into a long slump. We thought it would begin after the tech crash of 2000…
September 16th, 2009 | Bill Bonner | 0 comments | Continued