First, as you know, this is a depression. It will probably be long. And deep. You wouldn’t know it from looking at the stock market or reading the news. The Dow went up another 114 points yesterday. Oil rose to $71. And the dollar – anticipating inflation – fell to $1.44 per euro.
August 5th, 2009 | Bill Bonner | 0 comments | ContinuedAll Posts Tagged With: "Case-Shiller"
How the Stimulus Works
“The cash that salvaged a county,” says the headline. Perry County, southwest of Nashville, must be one of those places you don’t want to stop when you’re driving across the country. With 25% unemployment and no significant industry, it sounds dreadful…
July 30th, 2009 | Bill Bonner | 2 comments | Continued
