“Gold is saying something,” writes Bloomberg columnist Mark Gilbert. What’s it saying? Nobody knows. Well, at least nobody who works at The Daily Reckoning. We listen. We hear. But we still don’t know what the hell gold is talking about. The yellow metal is speaking in riddles.
September 27th, 2010 | Bill Bonner | 25 comments | ContinuedAll Posts Tagged With: "bubble"
Why Central Bankers should keep you up at night
Another day, another elegantly crafted article assuring you that the central planners have it all under control. This time it’s Ian Verrender at Business Day explaining how central banks can now save our economy from another 2008 style crash. (The one they caused.) He concludes it won’t work…
September 24th, 2010 | Nickolai Hubble | 0 comments | Continued
Recession Officially Over… Someone Tell the Unemployed
Officially, the recession is behind us. That’s the good news. Officially, it ended in June of ’09. The bad news is – so what? Recession or no recession, people are having a hard time finding jobs and making ends meet. The US economy continues rumbling and trundling along.
September 24th, 2010 | Bill Bonner | 0 comments | Continued
Why Spending on Infrastructure Won’t Lead to Prosperity
It’s an argument we see and hear all the time in Australia – “Spend on roads, spend on ports to reduce bottlenecks, spend on schools,” and so on. Well, if you want to see the longer term impact of infrastructure spending and how it isn’t the golden egg laying goose, just take a look at America today.
September 23rd, 2010 | Kris Sayce | 26 comments | Continued
Rising Debt and the Great Market Waiting Game
In practice, free information turned out to be worth no more than people paid for it…and the dot.com revolution blew up in January 2000…leaving only a handful of survivors (who have done very well, thank you.) In our view, the stock market has been in a bear trend ever since…
September 15th, 2010 | Bill Bonner | 25 comments | Continued
SSDD
It’s the same story, different day (SSDD). That is, nothing much has been revealed overnight to cause us to change our view that you’re investing in the midst of a long-term depression. Most of the positive GDP data coming out globally is backward looking. It doesn’t tell you much about the future. It is worth noting that a story in yesterday’s Financial Review showed that prices for coking coal have followed iron ore and coal prices down.
September 3rd, 2010 | Dan Denning | 135 comments | Continued
Bonds vs. Tech Stocks for Bubble Supremacy
The Wall Street Journal carries an article entitled “The Great American Bond Bubble.” The authors worry that bonds have gotten themselves into a bubble similar to tech stocks in 1999. You’ll recall that back then investors were so sure new technology would pay off that they were prepared to pay astronomical prices for dizzy tech companies.
August 20th, 2010 | Bill Bonner | 0 comments | Continued
Vandalism vs Keynesianism
With short-term real interest rates on U.S. government bonds effectively negative, we’ve wondered lately why so many people complain that gold doesn’t have a yield (either). But it’s true. It doesn’t. It just sits there looking pretty and yellow and heavy – preserving value and capital better than other kinds of money in which you can choose to denominate your wealth.
June 28th, 2010 | Dan Denning | 8 comments | Continued
Is China Undervalued Right Now?
During the past few years, China has become an increasingly compelling destination for investment capital. But with the recent weakness in the Chinese stock market – and serious cracks showing in the façade of China’s economy – does it make sense to invest in China right now?
June 15th, 2010 | Chris Mayer | 23 comments | Continued
All Quiet on the Fronts
One thing to keep your eye on is the G-20 finance ministers in Busan, South Korea this weekend. They will get together and agree to do nothing urgent. The one thing they will definitely NOT be doing is raising interest rates. They are too creeped out about a sovereign debt crisis in Europe leading to another liquidity crisis, according to Bloomberg.
June 4th, 2010 | Dan Denning | 11 comments | Continued
China is Outpacing Europe and the US but its Economy is a Bubble
Will it blow up? Again, most likely, yes. In fact, it seems to be blowing up right now. After leading the world in the bounce phase, it now may be leading the world in a return of the Great Correction.
May 19th, 2010 | Bill Bonner | 72 comments | Continued
The Tax Window of Opportunity
Historical income tax rates reveal grim days ahead for US taxpayers. The federal income tax began innocently enough, in 1913, by imposing a 7 percent levy on the top bracket…
April 19th, 2010 | Vedran Vuk | 0 comments | Continued
Reader Mail on Property
Having lived through the collapse of the Irish property market & returning to Australia after 14 years in Europe I am alarmed that the same blinkered approach to housing and the obsession with home ownership & the use of the asset to purchase consumer items that I saw there is being repeated here.
April 14th, 2010 | Dan Denning | 50 comments | Continued
China Defiance of Global Recession is a Super Bubble
About a decade ago, the Chinese government chose a policy of growth at any cost. China’s leaders considered strong GDP growth essential for political survival and national stability.
April 1st, 2010 | Vitaliy N. Katsenelson | 4 comments | Continued
China’s Economy is the Greatest Bubble on Earth
But is there really going to be a round two? Well, if the first incorrect assumption was that Australia didn’t have a bad debt problem, the second assumption is probably even more dangerous. It’s more dangerous because it’s the single most unexamined assumption behind much of Australia’s economic prosperity. The assumption is that we’ll always have China.
March 18th, 2010 | Dan Denning | 30 comments | Continued
