How did it make so much money? The papers report that it cleverly bought up debt that no one wanted…Wall Street’s mistakes.
January 14th, 2010 | Bill Bonner | 0 comments | ContinuedAll Posts Tagged With: "congress"
Mainstream Economists Congratulate Themselves
There must be some dark corner of Hell warming up for modern, mainstream economists. They helped bring on the worst bubble ever…with their theories of efficient markets and modern portfolio management.
January 11th, 2010 | Bill Bonner | 0 comments | Continued
Power Begets Gold, then Gold Begets Power
As near as we can tell, gold is fairly priced. It will buy about as much as it would have bought 500 years ago…or 2,000 years ago, for that matter.
December 23rd, 2009 | Bill Bonner | 1 comment | Continued
The Economy is Like a Complex Ecosystem
You cannot alter one piece of it without causing effects elsewhere in the system. Investors who understand this reality can also understand (and avoid) the hazards of over-confident investing.
December 15th, 2009 | Chris Mayer | 1 comment | Continued
Congress Slams Ben Bernanke and Fed Reserve
Because the mainstream press wouldn’t want people thinking bad things about the Fed Reserve. They are here to save us. They are the cavalry riding over the hilltops to our rescue.
The myth of the purity of the Federal Reserve’s motives is jealously guarded by the mainstream press. Any dissenting voices are quickly dismissed as cranks and extremists.
December 8th, 2009 | Murray Dawes | 16 comments | Continued
Homebuilding Goes Down While Economy Gathers Strength
Meanwhile, the news two days ago was that homebuilding took a dive in October. Work began on 11% fewer houses than the month before.
November 20th, 2009 | Bill Bonner | 1 comment | Continued
U.S. Treasury Auctioning Off $81 Billion in New Debt
You have to wonder who is willing to loan money to the United States government – given the state of its fiscal and monetary policies – for thirty years at below 5%.
November 9th, 2009 | Dan Denning | 0 comments | Continued
Banks Could Face Larger Asset Writedowns and Losses than IMF has Modelled
Next time around, though, we reckon the losses – when they come – will be on domestic real estate assets. And with so much exposure to domestic real estate (mortgage loans), the assets could face a world of hurt. But even if bank asset quality doesn’t crash (housing prices don’t crash), an external shock affects Aussie bank liabilities.
October 28th, 2009 | Dan Denning | 2 comments | Continued
Don’t Buy the A-REITs
“Australia stands out like a beacon because the yields here are much greater than other parts of the world,” says AMP Capital Brookfield chief investment officer Kim Redding. He tells Bloomberg that, “If you like the Aussie dollar and you like yield, Australian LPTs would be a pretty good place to be.”
October 20th, 2009 | Dan Denning | 2 comments | Continued
Federal Government is Sabotaging a Genuine Recovery
“Great time for US consumers, America is on sale,” says an item at YahooFinance. The “discounts are unbelievable,” adds a blogger known as Frugal Rhode Island Momma.
October 12th, 2009 | Bill Bonner | 0 comments | Continued