They’re allowing a handful of economists – who failed the critical test; not one of them noticed the market tsunami coming last autumn – to direct the flow of trillions worth of savings. They’ve already put at risk more than $12 trillion.
June 29th, 2009 | Bill Bonner | 1 comment | ContinuedAll Posts Tagged With: "bubble era"
Investors lose $10 trillion worldwide
The masks are coming off. It’s the end of the party, now we get to see what people really look like. Yesterday, the Dow lost another 203 points. Investors are down 44% so far this year. Worldwide, they’ve lost $10 trillion this month – far worse than the crash of ’29.
October 29th, 2008 | Bill Bonner | 1 comment | Continued
