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 | ContinuedAll Posts Tagged With: "Bloomberg"
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
Building a National Economy Around the Housing Industry
Let’s also assume that the government cannot borrow its way to larger stimulus payments. With lower spending forecast for government, businesses, and households, you begin to wonder if Australia’s economy has a home grown engine, or if it will rely on something else, or someone else beyond the borders.
July 30th, 2009 | Dan Denning | 9 comments | Continued
Investors Teased and Tickled by Waves of Good News
And now comes the big American holiday – July 4th. Investors pack their suntan lotions and head off to the beach for Independence Day. With Jaws in a cage, they had judged it safe to go into the water. But then came Thursday’s news.
July 6th, 2009 | Bill Bonner | 0 comments | Continued
In 1930…as in 2009…the Average Fellow Thought the Crisis had Passed
“I see the publishers association has chosen a ’20s theme,” began the emcee. “What is wrong with you people? Don’t you know what came after the ’20s? The ’30s!”
It doesn’t seem like the ’30s…yet. Ask the man on the street and he will tell you what he’s heard on TV: the worst of the crisis is over.
Bernanke’s Stunning Plan
“This is a very powerful and aggressive move,” said the chief economist at Bank of New York Mellon Corp., speaking with Bloomberg Television. “One of the reasons I’ve been arguing we won’t have a depression is we’ve got a Fed chairman who understands the problem and is going to come with the right diagnosis and the right medicine.”
March 23rd, 2009 | Bill Bonner | 0 comments | Continued
Free Money
When the Spanish Galleons came back from the New World with cargoes of gold and silver coins, the Spaniards thought they’d hit the jackpot. All of a sudden, Iberia had plenty of money. Historians report that the Spanish neglected their fields and their manufactures; now they had easy money to spend. Prices rose quickly. Then, when the treasure ships stopped coming, the Spanish were broke. Spain – and Portugal too – went into a decline that lasted four centuries.
March 16th, 2009 | Bill Bonner | 2 comments | Continued
Dirty, Rotten Scoundrels
Besides, the gigolo gives value for money. A woman gets little thrill or merit from landing a Wall Street hustler; no matter how rich, he is almost always boorish and preoccupied. But the gigolo brings refinement and taste to a woman; he makes her feel exceptional because he is exceptional. To a woman of a certain age, his attentions are a welcome as bad lighting.
March 11th, 2009 | Bill Bonner | 0 comments | Continued
SOS: Suffocating On Spending
Now you know part of the reason that Congress has officially gone into Panic Mode, which was unofficially announced by Bloomberg.com reporting that “The stimulus package the U.S. Congress is completing would raise the government’s commitment to solving the financial crisis to $9.7 trillion.”
February 13th, 2009 | Mogambo Guru | 2 comments | Continued
Wounded Wolves on the Financial Prairie
I said out loud to the family, “This is interesting news! Bloomberg.com says, ‘The U.S. government’s borrowing needs will almost double to $2 trillion this fiscal year, prompting the Treasury to revive three-year notes and hold more frequent sales of 10- and 30-year debt, according to Goldman Sachs Group Inc.’”
November 11th, 2008 | Mogambo Guru | 1 comment | Continued