“Quantitative Easing” it is called. As a refresher for readers with real lives and better things to do, QE is how central banks describe what is essentially an act of counterfeiting. They buy bonds with money created – electronically – specifically for that purpose.
May 25th, 2009 | Bill Bonner | 6 comments | ContinuedAll Posts Tagged With: "Bubble Epoch"
China Makes Recession Recovery
As predicted, the world markets are enjoying a bounce. People who had no idea there was anything wrong with the world financial system two years ago, now say the problem has been fixed.
Who fixed it? The people who had no idea what was wrong with it, of course.
May 6th, 2009 | Bill Bonner | 2 comments | Continued
Economy Not As Bad As Expected
The world is NOT going to Hell in a handcart. After a long time spent in the handcart, it is finally getting out and standing on its two feet. Americans are beginning to save again. The Chinese are beginning to look for other places to sell their gadgets and paraphernalia.
April 3rd, 2009 | Bill Bonner | 1 comment | Continued
Capitalism Has to Do its Work
Our phone rang yesterday. You know, the hotline we set up to help Treasury Secretaries and Finance Ministers cope with the problems of the global financial meltdown?
We picked it up…it was Tim Geithner!
April 2nd, 2009 | Bill Bonner | 0 comments | Continued