“Delightful mountain retreat, really. An escape from the bad air and worse sanitation of old east coast cities. A necessary water stop on the Pennsylvania Railroad. Giant old building, with many a fine room – those walls have some stories to tell…
September 3rd, 2009 | Bill Bonner | 0 comments | ContinuedAll Posts Tagged With: "byron king"
Crash, Depression, Hyperinflation – the Triple Crown of Financial Catastrophes
It is remarkable enough that we have been able to witness a genuine market crash. The crash of ‘87 barely counts. It sent prices down as much as a third all around the world. But it was a very short-lived affair. Bread put in the oven at the beginning of it was still doughy when it was over. Then, it kept rising for the next 20 years.
June 11th, 2009 | Bill Bonner | 0 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
The United States: The Largest Ponzi Scheme in the World
The United States is now the largest Ponzi scheme in the world. The only way to pay off the old lenders is to bring in new ones – or run the printing press. That’s all lenders have to worry about – inflation. And for the moment, prices are going down. They’ll keep going down too – until they go up…
February 20th, 2009 | Bill Bonner | 6 comments | Continued
Electricity Crisis is Coming
OK, so I don’t have a copy of the Sunday business section from next March. But I think I know what at least one major issue will be within the next 24 months. The headlines will scream, “Power Failures, Price Spikes Plague Northeast U.S.”
October 29th, 2008 | Byron King | 0 comments | Continued