The press attributed this week’s rise in gold to benign causes. The end of the world seems to have been postponed – indefinitely. Bloomberg reported that a clear majority of those polled thought the world economy was recovering.
September 14th, 2009 | Bill Bonner | 1 comment | ContinuedAll Posts Tagged With: "bernanke"
US Economy Still on Runway as Recovery Won’t Fly
A majority of those polled by Bloomberg think things are great; 61% said they thought they economy had taken off and was flying high. Stocks are up. Commodities are up…
September 10th, 2009 | Bill Bonner | 3 comments | Continued
Ben Bernanke is No Hero
Yesterday, most of the news and commentaries concerned either the death of Edward Kennedy or the life of Ben Bernanke. We do not speak ill of dead, not here at The Daily Reckoning. So, we will speak ill of the living.
August 28th, 2009 | Bill Bonner | 4 comments | Continued
Fed’s Balance Sheet Increases As Much As $2 Trillion
Ben Bernanke was put up for another term as head of the Federal Reserve. And the Obama administration said the downturn was a little worse than it had thought, so it’s estimate for the 2010 budget deficit had to be updated – increased by 19%…
August 27th, 2009 | Bill Bonner | 0 comments | Continued
Is Inflation Necessary for Recovery and Growth in the United States?
It was French economist Jacques Rueff who revealed the scam more than half a century ago. The whole idea of Keynesian stimulus, he explained, was to cause inflation…which would reduce the real price of labor. In a modern democracy, politics prevents wages from falling.
August 3rd, 2009 | Bill Bonner | 0 comments | Continued
World Economy Faces Hyperinflation or Deflation?
What is more likely is that over the coming months, we will get another deflationary scare. Any sell-off in the markets later this year will be met by an even larger stimulus from the policymakers and this will ultimately result in high inflation.
July 9th, 2009 | Puru Saxena | 4 comments | Continued
Crash, Depression, Hyperinflation – the Triple Crown of Financial Catastrophes
It is remarkable enough that we have been able to witness a genuine market crash. The crash of ‘87 barely counts. It sent prices down as much as a third all around the world. But it was a very short-lived affair. Bread put in the oven at the beginning of it was still doughy when it was over. Then, it kept rising for the next 20 years.
June 11th, 2009 | Bill Bonner | 0 comments | Continued
Dumb Money Eyes Stock Market While Smart Money Watches Economy
The dumb money is fairly easy to spot. It’s the money that always shows up late to the party, wearing yesterday’s fashions. It watches TV and thinks the reality shows show reality…it thinks Ben Bernanke is a great economist…that the SEC protects investors from fraud and misrepresentation…
June 10th, 2009 | Bill Bonner | 0 comments | Continued
Geithner’s Trip to China Was, At Best, a Draw
His goal was to bluff and bamboozle the world’s investors – notably China – into believing that the US had its finances under control. Once we’re out of this mess, he told China’s top man, we’re going straight.
June 5th, 2009 | Bill Bonner | 0 comments | Continued
Fed Will “Monetize the Debt”
Meanwhile, the US Treasury is borrowing hundreds of billions’ of dollars in order to close the gap between what the US spends and what it receives in taxes. Even if the Chinese are willing to fund that borrowing in the very short term, it just pushes forward the inevitable day…
May 29th, 2009 | Bill Bonner | 3 comments | Continued