Mr. Greenspan defended his legacy. He was right 70% of the time, he said. The other 30% of the time he was wrong.
April 12th, 2010 | Bill Bonner | 1 comment | ContinuedAll Posts Tagged With: "bernanke"
Why is 5,000 a Key Psychological Level?
By the way, is that phrase “key psychological levels” just a load of horse pucky used by analysts and commentators to try and explain things they don’t understand?
April 8th, 2010 | Dan Denning | 2 comments | Continued
Talk of Chinese Property Investors Bidding Up Australian Property Prices
Having our flagship resources industry rely on foreign credit and politically driven Chinese demand is unstable enough. Now our house prices rely on them as well!
April 4th, 2010 | Nickolai Hubble | 9 comments | Continued
Why Else Would Anyone Lend the Feds Money or Back their Health Care Bill?
Yes, we’re expected to believe that the bad news bears – Bernanke, Summers, Geithner et al – have now won the World Series…by not only preventing a depression…
March 31st, 2010 | Bill Bonner | 2 comments | Continued
Chermany vs. Gremerica
The big exporters – China and Germany, who Martin Wolf calls “Chermany” – ran big trade surpluses. The big spenders – notably Greece and the US, who we will call Gremerica – ran large trade deficits.
March 29th, 2010 | Bill Bonner | 2 comments | Continued
Australians More Interested in Investing in Property than on Stock Market
You’ll pardon the sense of inevitability in today’s Daily Reckoning. After all it’s raining. But even so, with over $1 billion in Melbourne property clearing auctions this week (at a clearance rate of 86%) it definitely feels like Australians have found a way to hasten their own financial day of reckoning. Of course not everyone agrees.
March 29th, 2010 | Dan Denning | 45 comments | Continued
Shadow Banking System: A Murky World of Credit, Securitisation and Derivatives
Most of these are interest rate and credit derivatives. As we learned in the last two years, the big risk here is to institutions which owe and own these obligations amongst one another. In our view, the degree of interconnectedness among these obligations (they still aren’t unwound) still makes the entire global financial system vulnerable…
March 10th, 2010 | Dan Denning | 14 comments | Continued
Bernanke Calls U.S. Economic Recovery “Nascent”
But remember, the central bankers telling us that America’s recovery is “nascent” and that Australia will benefit for many years from a “very big” investment boom in the resources industry are the same blokes who did not give you a single warning about what was coming in 2007 and 2008. Why is that?
February 25th, 2010 | Dan Denning | 18 comments | Continued
Occurences Within Economy Consistent With a Depression
“How can you keep talking about a depression,” asks a Dear Reader, “when the economy is clearly recovering just as it should be.”
February 24th, 2010 | Bill Bonner | 10 comments | Continued
Ponzi Scheme
Let’s face it, the government-bond market in the West is a gigantic Ponzi scheme. Most governments in the ‘developed’ world are drowning in debt, they are running mind-boggling budget deficits and printing money…
February 19th, 2010 | Puru Saxena | 3 comments | Continued
Will Bailing Out the Greeks Really Make American Businesses More Profitable?
Bailing out the Greeks is a big mistake. But it’s a mistake everyone seems to want to make. There’s probably a Latin dictum for this sort of thing.
February 15th, 2010 | Bill Bonner | 0 comments | Continued
Is the American Government the Place to Park Your Money During Dangerous Times?
Whenever markets tank, the American dollar and its government’s bonds seem to surge. Daily Reckoning readers know we consider this to be absurd.
February 13th, 2010 | Nickolai Hubble | 1 comment | Continued
Man Still a Slave to Human Nature
“What about the poor people in hospitals and old-age homes?” asked our mother…88 years old. “People can’t get in to work. Who looks after them?”
“Well, it’s probably time for a little culling,” we joked. “Nature has to assert herself from time to time.”
February 12th, 2010 | Bill Bonner | 1 comment | Continued
Modern World Economy is Built on a Foundation of Unsound Money
Now just because Ben Bernanke and the global cabal of counterfeiters don’t want something to happen doesn’t mean it won’t happen anyway. The deflating of the reflated asset bubble is going to happen sooner or later. The world’s massive inverse pyramid of debt is supported by a very small asset base.
February 5th, 2010 | Dan Denning | 18 comments | Continued
Obama Plans to Raise Taxes on the Rich and Businesses
Let’s see. We’ll make some guesstimates. There are about 100 million families in the US. Of those, about half are net taxpayers. And the top 10% are said to own half the wealth in the US and already pay 66% of its total taxes. Looks like they’re going to get whacked again. Each of the ‘rich’ families will pay nearly $200,000 more in taxes.
February 4th, 2010 | Bill Bonner | 13 comments | Continued
