Internally, the Japanese are still not big spenders. The population is not only aging…it’s shrinking. That’s not happening in the United States. Thanks largely to its immigrants and Hispanics, the US population is expanding. But this new population is not the same as the old one.
May 22nd, 2009 | Bill Bonner | 2 comments | ContinuedAll Posts Tagged With: "chrysler"
The Bottom of This Society’s Ability to Process Reality
For now, the “bottom” is in – that is, the bottom of this society’s ability to process reality. It may continue for a month or so, but events are underway that are beyond the command of personalities. We’re done “doing business” in all the ways that we’ve been used to…
May 20th, 2009 | James Howard Kunstler | 16 comments | Continued
Progressive Taxation Was Never About Fairness
In today’s Daily Reckoning we take a merciless meat axe to the idea that progressive taxation has anything to do with fairness. Quite the contrary. There could be nothing more unfair than stealing from one man and giving to another based on his “ability to pay.”
May 13th, 2009 | Dan Denning | 18 comments | Continued
UAW Bosses and Federal Bureaucrats Announce Five Year Plan
Chrysler has gone broke. Meanwhile, over at GM, the new owners – the feds and the unions – are already working hard to bring the automaker into line with the new patrons’ program.
May 4th, 2009 | Bill Bonner | 0 comments | Continued
The Chinese Stimulus Plan to Save the World
And if you ask Jim Cramer, “the Chinese are pulling everyone out,” with their stimulus plan. Cramer and CNBC host Erin Burnett tripped all over each other’s lines trying to out-praise the significance of Chinese buying.
May 1st, 2009 | Dan Denning | 1 comment | Continued
The Law of Supply and Demand is Not Dependant Upon Congress
For us, it applies heavily to the advances of government into the field of business. It only makes sense: the occupants of the White House and the Capitol have done such a good job with their budgets over the years, they just want to help everyone else (over the cliff, that is).
April 2nd, 2009 | The Daily Reckoning | 1 comment | Continued
Wall Street Snubs Obama
The man who got the warmest welcome ever from the press and the public got the rudest brush off from Wall Street. It was the worst sell-off for an Inauguration Day in history. The Dow fell 332 points. Oil traded around $40. The dollar strengthened…to $1.28 per euro. O! Bama! Where is thy bounce? Perhaps it is already over…
January 22nd, 2009 | Bill Bonner | 4 comments | Continued