If the economy really is heating up, mightn’t it melt all that money and credit frozen by the depression?
February 2nd, 2010 | Bill Bonner | 0 comments | ContinuedAll Posts Tagged With: "bernanke"
The Descent of Money
The first modern competition between gold and paper money ended like the pre-modern ones. Gold won. Herewith, a short summary:
February 1st, 2010 | Bill Bonner | 8 comments | Continued
Debt Problem Has Not Gone Away
Banks have recapitalised, making up for some of their losses from 2008 and 2009. But you still have a financial system addicted to debt and leverage. Investors have bought into the recovery story, though, and taken a punt on shares at just the time they ought to be reducing their allocation to shares (in our estimate). Why?
January 29th, 2010 | Dan Denning | 12 comments | Continued
Unemployment Still Rising Because Feds are Trying to ‘Do Something About It’
In this regard, we refer to three different phenomena. They are inter- related…they all show the same thing: an economy going downhill.
January 27th, 2010 | Bill Bonner | 0 comments | Continued
Fed Made More Money than Goldman Sachs
How did it make so much money? The papers report that it cleverly bought up debt that no one wanted…Wall Street’s mistakes.
January 14th, 2010 | Bill Bonner | 0 comments | Continued
The Biggest Financial Deception of the Decade
Enron? Bear Stearns? Bernie Madoff? They’re all big stories about big losses and have hurt a lot of employees and investors. But none come close to getting my vote for the decade’s most dastardly deception…
January 13th, 2010 | Jeff Clark | 4 comments | Continued
Are Stock Market Investors Really Such Optimists?
Or, is the federal government manipulating stock prices? It is spending trillions of dollars to give people the impression that things are getting back to normal.
January 13th, 2010 | Bill Bonner | 1 comment | Continued
Mainstream Economists Congratulate Themselves
There must be some dark corner of Hell warming up for modern, mainstream economists. They helped bring on the worst bubble ever…with their theories of efficient markets and modern portfolio management.
January 11th, 2010 | Bill Bonner | 0 comments | Continued
Power Begets Gold, then Gold Begets Power
As near as we can tell, gold is fairly priced. It will buy about as much as it would have bought 500 years ago…or 2,000 years ago, for that matter.
December 23rd, 2009 | Bill Bonner | 1 comment | Continued
Supposed to Believe Investors Can Avoid Calamities of Past by Studying Previous Market Cycles
That is how some of us were able to foresee the dotcom blow-up in ’00…and later, the blow-up in the financial sector in ’08.
December 21st, 2009 | Bill Bonner | 2 comments | Continued
An Investor Could Have Made a Lot of Money in the ’30s
The year 1933 was one of the best years ever. Of course, the investor was well advised to take his gains off the table. Prices slipped in ’34…bounced…and then fell apart.
December 18th, 2009 | Bill Bonner | 0 comments | Continued
Consumer Price Inflation is What Everyone is Counting On
The debts of the past need to be reckoned with. Borrowers are doing the best they can. They pay when they’ve got the money. They default when they don’t.
December 17th, 2009 | Bill Bonner | 1 comment | Continued
Sustainability of U.S. Deficits Reason Why Investors Own Some Gold
“If the world goes to hell like you say, you can’t eat gold. You can’t sleep on it, although you could sleep with it I suppose. How useful is it really going to be as a medium of exchange or a store of value if economic activity grinds to a halt?”
“I don’t know. I’m not Nostradamus…
December 17th, 2009 | Dan Denning | 38 comments | Continued
Everyone is Getting Tough on Bankers
Good ol’ Paul Volcker is giving them hell. He told a group of bankers that the only innovation they came up with that actually added value was the automatic teller machine.
December 16th, 2009 | Bill Bonner | 2 comments | Continued
Volcker, the Last Central Banker in America to Have Any Real Integrity
He saw what needed to be done and he did it. He hiked up rates and brought consumer price inflation under control.
December 14th, 2009 | Bill Bonner | 4 comments | Continued
