For at least a thousand years, the business cycle went round and round without help from central bankers or economists. It is only since these geniuses have been on the case that really serious problems have arisen.
November 2nd, 2009 | Bill Bonner | 4 comments | ContinuedAll Posts Tagged With: "central bankers"
Inflation is Our Future
On one hand, the deflationists are claiming that given the extremely high debt levels in the West, further inflation is impossible.
September 30th, 2009 | Puru Saxena | 4 comments | Continued
Inflation or Deflation?
The feds are more incompetent than even we suspected. They are trying to cause mild inflation – say, 4%…maybe 6%…even 8%. But they aren’t doing a very good job of it. Their efforts are too hesitant…
July 15th, 2009 | Bill Bonner | 13 comments | Continued
Can China Change the Rules of Global Capitalism?
For example, it appears China is beginning to throw its considerable economic weight around. It’s doing so in a tentative, experimental manner, not sure if it will offend but not seeming to care all that much. And why should it? The world is perfectly happy to do business with the largest emerging market of the next fifty years. Other issues-human rights, the environment, and the Rule of Law-are secondary.
July 13th, 2009 | Dan Denning | 5 comments | Continued
Can Government Bureaucrats do a Better Job of Allocating Capital than Free Markets?
They’re allowing a handful of economists – who failed the critical test; not one of them noticed the market tsunami coming last autumn – to direct the flow of trillions worth of savings. They’ve already put at risk more than $12 trillion.
June 29th, 2009 | Bill Bonner | 1 comment | Continued
Oil and Gold Prices Linked for Most of Recession Period
In recent weeks, both have been in a stage of recovery. The gold price has reached $982 an ounce, close to its peak when it touched $1,000 an ounce. Oil prices fell in the recession by about 70 per cent, and have now received about 50 per cent.
June 4th, 2009 | William Rees-Mogg | 0 comments | Continued
Chinese Surge in Construction Explains Pickup in Base Metals Stocks
The dragon is breathing fire and building roads. “By the end of April, China had built 20,000 kilometres (12,430 miles) of rural roads, 214,000 low-rent homes, 445 kilometres of highway, and 100,000 square meters (1.08 million square feet) of airport buildings under the stimulus plan,” reported China’s National Development and Reform Commission on May 21.
June 2nd, 2009 | Dan Denning | 3 comments | Continued
Australia’s Currency and its Economy Will Benefit from China’s Stimulus Package
“Asia is still going to expand, and China and India will have growth above 5 percent. That’s fuelling demand for commodities, so Australia’s exports are holding up much better than the rest of the G-10 countries.”
Paresh was also referring to the 21% rise in the Aussie dollar versus the U.S. dollar since February 25th.
From Bubble Watch to Bust Watch
Any global bailout plan is bound to be a bad one. Because what the world really needs is a correction. And no country wants one. Instead, each nation does its best to push the correction onto its neighbors…
January 23rd, 2009 | Bill Bonner | 4 comments | Continued
Central Banker Hotline Still Waiting for its First Call
We have been trying to figure out the queer dynamics of current central banking policy. So far, all we’ve been able to figure out is that it is more perverse and more complicated than we thought.
July 4th, 2008 | Bill Bonner | 2 comments | Continued
A New Hotline Service – Made Just for Central Bankers
As you may remember, dear reader, we put in a Country Hotline Service here at the Daily Reckoning headquarters. We offered to give advice to central bankers and heads of state – for free. Well, we’re still waiting for the phone to ring. But if the phone ever rings, we’re ready. We can imagine the call…
June 5th, 2008 | Bill Bonner | 1 comment | Continued
What Inflation Means to Central Bankers, Investors and the Consumer
Naturally, the papers are squawking about inflation today. The Financial Times worries that inflation is going to undermine pensions and retirement plans. The International Herald Tribune , meanwhile, says inflation is undermining central banks’ efforts to…well…cause inflation!
May 20th, 2008 | Bill Bonner | 1 comment | Continued
Beliefs That Central Bankers Will Save the Day
“Credit crisis…foreclosures…market crash…recession…falling dollar…bankruptcy…inflation: Why the Smart Money is Buying,” says this week’s Forbes cover. Forbes thinks it is being bravely contrarian. “Buy when blood is running in the streets,” it quotes a Rothschild. After the traffic accidents of the last 9 months, it thinks it sees an opportunity – similar to the one in 2002. Of course, everyone wants to go against the crowd, provided everyone else is doing it too.
April 28th, 2008 | Bill Bonner | 1 comment | Continued
