“The big deal is that we’re going broke,” we explained. “Until very recently debts of this magnitude were always associated with war. From time to time countries went broke. But they almost always did so because of emergency expenses driven by war. In other words, they were spending money for what looked like a very good reason – self preservation.
July 2nd, 2010 | Bill Bonner | 2 comments | ContinuedAll Posts Tagged With: "broke"
Even Unemployed Have Stake in Bull Run of Stock Markets
My skin went clammy and cold when I read that over 140,000 people suddenly disappeared from the “continuing claims” rolls of those receiving unemployment checks at the same time as we see rising unemployment.
August 25th, 2009 | Mogambo Guru | 2 comments | Continued
