• Featured
  • Australasia
  • The Americas
  • Europe
  • Africa
  • Market
  • Precious Metals
  • Resources
  • Currencies
  • Real Estate
  • The Bonner Diaries

All Posts Tagged With: "budget"

post thumbnail

Too Much Debt, Not Enough Oil

Because the government has been overpromising, overcommitting and overspending for decades, it is hurtling toward a fiscal train wreck. The numbers have stopped adding up. Looking out, there’s NO WAY that most Western governments can ever pay their ongoing obligations or pay off past debt.

July 27th, 2010 | Byron King | 0 comments | Continued
post thumbnail

The State the Welfare State is In

“You can take your loans and shove them,” the Hungarian economic minister, György Matolcsy, did not say. But that’s what he was thinking. Watch out. The Hungarians are trendsetters. They ran a budget deficit of 9% of GDP back in 2006. They got a $20 billion bailout in 2008 and have been living with austerity measures ever since…

July 26th, 2010 | Bill Bonner | 50 comments | Continued
post thumbnail

Money for Nothing and Cheques from Centre Link

High taxes are the main one. Low employment rates are another. Who works when you get your money for nothing and your cheques for free from Centre Link? Wait a minute. Low employment in Australia? Yup, “Australia’s employment rate – the percentage of the population with a job – ranks only 20th of the 27 rich OECD countries for prime-age workers” reports Tim Colebatch at The Age.

July 17th, 2010 | Nickolai Hubble | 3 comments | Continued
post thumbnail

Iron Bulls and Budget Fudges

You can’t have steel without iron ore. And you can’t have a resource boom without an iron ore boom. Just ask the government. It’s counting on soaring prices for iron ore and coal (along with soaring volumes) to deliver an extra $6 billion windfall to Federal coffers, according to today’s Australian Financial Review. The government cutting its deficit next year and returning the nation’s finances to surplus by 2012-2013 when the new bill of attainder becomes the law of the land.

July 15th, 2010 | Dan Denning | 10 comments | Continued
post thumbnail

Shouldn’t Do It; Couldn’t Do It Anyway

The US government disappeared almost a million jobseekers from the unemployment lists in the last two months to try to make the numbers look better. Still, fewer people have jobs now than when the stimulus began. Those workers with jobs earn less than they did then. And those who lose their jobs wait longer than ever to find a new one. Housing is sinking again, too.

July 12th, 2010 | Bill Bonner | 10 comments | Continued
post thumbnail

You’re the Voice, But Don’t Understand It

Daily Reckoning editors have written endlessly about how such stimulus will merely “pull forward demand”, causing a slump once the stimulus is withdrawn. They have been proven right in textbook fashion. But Schiff points out a further crucial consequence of this economic mismanagement. In addition to pulling forward demand, there is the interest on the debt used to pull this demand forward.

July 10th, 2010 | Nickolai Hubble | 1 comment | Continued
post thumbnail

Krugman and His Hoover History

Without technically lying, Krugman perpetuates the myth that Herbert Hoover insisted on budget austerity in the midst of the Great Depression.

March 26th, 2010 | Robert P. Murphy | 0 comments | Continued
post thumbnail

It’s the Little Economies that Have Trouble

So far, the big economies don’t have a problem. Lenders think they are good for the money. Almost miraculously…or supernaturally…the USA – the world’s biggest borrower – is able to obtain financing…

February 11th, 2010 | Bill Bonner | 0 comments | Continued
post thumbnail

We’re in a Depression, Stocks Gotta Get With the Program

Either the last phase of the bear market has begun. Or it won’t be long before it does. Stocks can go any which way they want in the short run – depending on investors’ delusions.

February 5th, 2010 | Bill Bonner | 0 comments | Continued
post thumbnail

Obama and the $3.8 Trillion Budget

The amount of the budget itself is staggering. That’s a lot of money. But even more staggering is the glaring omission: the Obama administration is planning to spend $1.6 trillion it doesn’t have.

February 3rd, 2010 | Bill Bonner | 1 comment | Continued
post thumbnail

Cash for Clunkers Cars

This is a subject which is very interesting to me because I happen to be a guy who owned a whole series of clunker cars and trucks over the years because I couldn’t justify the expense of a new vehicle/a good vehicle/a better vehicle/a vehicle…

September 8th, 2009 | Mogambo Guru | 4 comments | Continued
post thumbnail

Madoff Astonished SEC Didn’t Verify His Claims

In response, the SEC says it “doesn’t have the resources” necessary to keep an eye on “the exploding number of financial firms.”

September 7th, 2009 | Bill Bonner | 0 comments | Continued
post thumbnail

RIP Robert S. McNamara and California’s Holes in its Budget

Robert McNamara must have been in a hurry too. He never had time to wonder why he was sending 500,000 American boys to fight a war when Lyndon Johnson was “publicly promising in campaign speeches not to ‘go North,’ not to send American boys to fight wars Asian boys ought to fight for themselves,”…

July 8th, 2009 | Bill Bonner | 1 comment | Continued
post thumbnail

Geithner’s Trip to China Was, At Best, a Draw

His goal was to bluff and bamboozle the world’s investors – notably China – into believing that the US had its finances under control. Once we’re out of this mess, he told China’s top man, we’re going straight.

June 5th, 2009 | Bill Bonner | 0 comments | Continued
Subscribe to the Daily Reckoning

  • Why Should I Sign Up?   We Value Your Privacy
  • Master trader predicts next move for ASX...

    Latest Slipstream Trader Video Market Update Just In... watch for free below.


    One viewer said these prediction videos were “scarily accurate”... another said Murray Dawes was “well on the money”... To find out where the Slipstream Trader thinks the market is headed next, and what that could mean for your investments, click below now to watch his latest video update...

    8th February 2012 - Market Update

    It’s one thing to have a view on where the market is headed next... It’s another to have specific stock trading recommendations emailed to your inbox.

    To take a 90-day, no obligation trial of Slipstream Trader, click here
  • Search

    The Markets

    All Ordinaries4322.600  chart-34.500
    S&p/asx 2004245.300  chart-37.600
    Sse Composite Ind2351.981  chart+2.392
    Gold Sep 110.00  chart0.00
    Clj11.nym0.00  chartN/A
    Nikkei 2258947.17  chart-55.07
    Indu0.00  chartN/A
    S&P 5001342.64  chart-9.31
    Ftse 1005852.39  chart-43.08
    2012-02-10 00:50

    Most Comments

    • Australian House Prices Are Severely and Seriously Unaffordable (312)
    • Majority of Australians Believe House Prices Will Rise in Next Twelve Months (293)
    • Gas is the New Oil (256)
    • A Date for an Aussie House Price Collapse (251)
    • How to Profit From the Path of Progress (230)

    Archives

  • Headline Archive

  • Slipstream Trader

    Thousands now trade the markets who never thought they could...

    Breakthrough in trading techniques helps regular investors:

    • Determine how much to risk in a trade
    • Lock in profits while the position is still open...
    • Exit a losing position before a share tanks...

    If you thought trading was too complicated, prepare to be surprised... click here
  • Australian Wealth Gameplan

    "A rapid contagion is spreading.
    Even if you think you are relatively safe, this is a new, permanent risk. It will be with us for the next decade, or even two”.

    - Edward Morse, Veteran oil trader

    Right now a ‘paradigm shift’ is taking place that could present you with the single biggest investment opportunity of your lifetime.

    It also represents risks to your portfolio that could surpass those of the Global Financial Crisis fallout.

    Get full details in this just-completed presentation. (turn on your speakers)
  • Diggers & Drillers

    “Why a mining executive told me to F*** Off
    in front of a whole room of investors”
    Dr. Alex Cowie doesn’t have the most popular of jobs. At least – not inside the mining industry. For his readers, it’s another matter entirely.

    As Laurence says: “I have never bought a stock and got a 100% return before … thanks for providing the information for me to have that experience – and all within two months too!”

    Right now Alex has unearthed six “must buy” resource stocks for the year ahead. His method for finding them might annoy a few people in the industry… but it could help make a lot of money in 2012 too.

    Find out why, right here

  • Home
  • Newsletters
  • About
  • Subscribe
  • Columnists
  • Contact Us
  • RSS

All content is © 2005 - 2011 Port Phillip Publishing Pty Ltd All Rights Reserved

We encourage you to republish our material, all we ask is that you provide a working text link back to the original article on this site.
Port Phillip Publishing Pty Ltd holds an Australian Financial Services License: 323 988. ACN: 117 765 009 ABN: 33 117 765 009
email: dr@dailyreckoning.com.au Tel: 1300 667 481 Fax: (03) 9558 2219
Port Phillip Publishing Attn: The Daily Reckoning PO Box 899 Braeside VIC 3195

Terms and Conditions | Privacy Policy | Financial Services Guide

SEO Powered by Platinum SEO from Techblissonline