JPMorgan, the Wall Street firm that was bailed out by the feds a year ago, reported income of $3.6 billion in the 3rd quarter. With that kind of profit in the financial sector, it won’t be long before the whole economy is running red hot, right?
October 16th, 2009 | Bill Bonner | 4 comments | ContinuedAll Posts Tagged With: "BusinessWeek"
When Gold Ruled the Earth, Part II
“It took three generations,” wrote a professional metals consultant in Feb. 2009, “but we now seem to have reached the point in the world’s history where, for the first time, gold is valued only for jewelry use and speculation.
April 27th, 2009 | Adrian Ash | 0 comments | Continued