The US economy entered a period of debt destruction – a Great Correction, we called it. The question then was how long the Great Correction would last…which depended on what it was correcting.
February 2nd, 2012 | Bill Bonner | 3 comments | ContinuedAll Posts Tagged With: "congress"
The US Constitution Gone Wrong
“…They put all that work into the US Constitution…using every trick they could think of to limit the power of the executive branch. Because they knew that if you let the executive branch get away with it, it’s only a matter of time before it becomes a tyrant.”
January 30th, 2012 | Bill Bonner | 2 comments | Continued
Mitt Romney and the Tax Zombies
Mitt Romney has revealed his effective tax rate. “About 15%,” he says. That seems like more than enough to us. But it’s not enough to satisfy the zombies. Romney has made a lot of money. They want more of it.
January 20th, 2012 | Bill Bonner | 1 comment | Continued
A Health Care System for Zombies
The health care system is supposed to be run by private enterprise. It’s supposed to be free and dynamic, responding to market pressures and adapting to consumer demand. Our colleague, Porter Stansberry, says it has been corrupted. As you can see for yourself, it is degenerate…and zombified.
December 22nd, 2011 | Bill Bonner | 1 comment | Continued
Why the US President Should Be a Man for All Seasons
The Daily Reckoning has no voice in the US presidential elections. But we will nevertheless declare a preference for US President.
December 19th, 2011 | Bill Bonner | 1 comment | Continued
Changing Views on the World of Economic Growth and Recovery
What’s new in the world of economic growth and recovery?
When we signed off last week, the Germans and the French were trying to hold Europe together. This morning, they are still trying.
December 13th, 2011 | Bill Bonner | 1 comment | Continued
Real Estate and its Trend-line
That leaves real estate. That’s why people want to put money in real estate. It’s priced at fair value – statistically. So, you can buy it without worrying too much about it going down. And it’s not like gold. You can get income from it. Everybody is looking for rental properties with a decent stream of income.
September 7th, 2011 | Bill Bonner | 1 comment | Continued
Americans Believe Economy Has Worsened During Past Year
“By an almost 2-to-1 margin Americans believe the economy has worsened rather than improved during the past year, according to a Bloomberg National Poll conducted March 19-22…
April 1st, 2010 | Bill Bonner | 3 comments | Continued
Almost Every Mortgage Written Last Year Underwritten by US Government
And they took over the auto business too. They should be able to do for autos what they did for passenger trains. That is, they should turn Detroit into an Amtrak…
March 30th, 2010 | Bill Bonner | 0 comments | Continued
Chermany vs. Gremerica
The big exporters – China and Germany, who Martin Wolf calls “Chermany” – ran big trade surpluses. The big spenders – notably Greece and the US, who we will call Gremerica – ran large trade deficits.
March 29th, 2010 | Bill Bonner | 2 comments | Continued
What Good is Mandatory Healthcare if You Can’t Find a Doctor
Following months of heated public debate and aggressive closed-door negotiations, Congress finally cast a historic vote on healthcare late Sunday evening.
March 26th, 2010 | Bill Bonner | 1 comment | Continued
A Loss is Not a Loss if You Turn Debt into Equity
The yoke of debt may have felt light until now. But the lash of higher rates on the back will definitely be noticeable. Let’s just hope it doesn’t break the financial back of a whole generation of home buyers, although this is what we fear “bringing forward demand” will do.
March 24th, 2010 | Dan Denning | 15 comments | Continued
Right and Left Side of Politics are Corrupted
Like the two sides of the brain, people use politics both ways. On the right side, they use it to do something that is completely preposterous…
March 11th, 2010 | Bill Bonner | 1 comment | Continued
Shadow Banking System: A Murky World of Credit, Securitisation and Derivatives
Most of these are interest rate and credit derivatives. As we learned in the last two years, the big risk here is to institutions which owe and own these obligations amongst one another. In our view, the degree of interconnectedness among these obligations (they still aren’t unwound) still makes the entire global financial system vulnerable…
March 10th, 2010 | Dan Denning | 14 comments | Continued
Federal Reserve Increases Rate at Which Banks Can Borrow From It
In a debt drugged, liquidity obsessed world, a change in interest rates can go from affecting profitability to affecting solvency very quickly. And it’s not just the banks that are high on cheap credit.
February 27th, 2010 | Nickolai Hubble | 0 comments | Continued
