An article in the UK Telegraph stated that Greece’s Deputy PM had lashed out at Germany over war-time atrocities and accused Italy of cooking its books. This seems like a fairly dumb thing to do when you are hoping that Germany might hand over some cash to help you out of the hole you’ve dug yourself.
February 26th, 2010 | Murray Dawes | 2 comments | ContinuedAll Posts Tagged With: "consumer confidence"
Government Spending Makes People Poorer
In their view, government spending is actually BETTER than private spending. Why? Because it produces nothing of value. Really; we’re not making this up.
January 28th, 2010 | Bill Bonner | 3 comments | Continued
Economic Cycle Theory
We began the week wondering about the cycles of history and markets. We wondered whether Australia is following the Anglo-American cycle into a long-winter…where people lose confidence in each other, in government, and in the institutions they relied on in the past for law and order, employment, and prosperity.
October 15th, 2009 | Dan Denning | 30 comments | Continued
Qatar Relies on Natural Gas Reserves While Dubai Leans on Trade and Finance
Qatar is a red-hot economy. Last year it grew around 18% and this year it ought to grow another 16%. We saw the headlines in the Gulf Times in the lounge while waiting for our transfer to Dubai.
October 8th, 2009 | Chris Mayer | 1 comment | Continued
A Bull Market That’s Missing Parts
For example, corporate earnings are missing. P/E ratios are rising far above the corporate earnings that support them. This puts the market 35% overvalued, on a cyclically adjusted P/E basis, says Smithers & Co.
October 2nd, 2009 | Bill Bonner | 3 comments | Continued
Biggest Problem With US Economy is Too Much Debt
Debt is ubiquitous across US society. Debt permeates the culture. Practically the whole nation has bitten off more than it can chew.
September 2nd, 2009 | Byron King | 0 comments | Continued
Finally Seeing Proof of Consumer Cut Back
You’ll remember how we left you yesterday…we hope you remember, because we can’t. But we think we said that the U.S. consumer should be cutting back. His energy is much more expensive. His food is more expensive. His house is going down in price…
May 29th, 2008 | Bill Bonner | 2 comments | Continued
