The 19th century belonged to Britain, the 20th century belonged to America and in the 21st century, China will rule the business world. Whether you like it or not, this transition is already underway…
November 18th, 2009 | Puru Saxena | 10 comments | ContinuedAll Posts Tagged With: "budget deficit"
US Dollar Declining as China’s Currency Rises
“We may now be entering the Asian century, dominated by a rising China and its currency. This decline of the dollar might take more than a decade, but it could happen even sooner…
September 23rd, 2009 | Bill Bonner | 5 comments | Continued
Fed’s Balance Sheet Increases As Much As $2 Trillion
Ben Bernanke was put up for another term as head of the Federal Reserve. And the Obama administration said the downturn was a little worse than it had thought, so it’s estimate for the 2010 budget deficit had to be updated – increased by 19%…
August 27th, 2009 | Bill Bonner | 0 comments | Continued
Investors Feel They Can Put Their Money into Treasuries and Not Worry
But maybe they should spare a thought or two about what is really going on. Lending money to the US government is no sure thing. Far from it. In fact, under the present circumstances, lending money to the feds is asking for trouble. Recently, you could put your money in T-bills and get zero yield. “An extraordinary thing…” said Warren Buffett…
May 28th, 2009 | Bill Bonner | 4 comments | Continued
The Chinese and the Fed Both Buying U.S. Treasury Bonds
“We have a huge amount of money in the United States,” said Wen Jiabao, premier of the People’s Republic of China, back in March. “I request the U.S. to maintain its good credit, to honor its promise and to guarantee the safety of China’s assets.”
May 26th, 2009 | Bill Bonner | 6 comments | Continued
The Greenback Dollar Decline
“We may now be entering the Asian century, dominated by a rising China and its currency,” Roubini contends. “This decline of the dollar might take more than a decade, but it could happen even sooner if we do not get our financial house in order.
May 21st, 2009 | Bill Bonner | 7 comments | Continued
Government Debt Bubble is What Directly Precedes Inflation
First things first. The budget comes out tomorrow. Blah blah blah. What is really left to say? The Treasurer predicts collapsing revenues from the GFC and has cut spending in some places while increasing it in others. The annual deficit could be around $70 billion (we expect it to be lower so it’s ‘not as bad as we expected’)…
May 11th, 2009 | Dan Denning | 9 comments | Continued
A Time of Contradictions, Paradoxes and Oxymorons
The socialists are the only ones protecting the free market, now. Americans are scuttling it with every chance they get. The stocks of capitalist companies are going up in communist China…but in America, they’re going down. Since November, the Shanghai index has outperformed the S&P by 75%.
March 6th, 2009 | Bill Bonner | 2 comments | Continued