Noooo… We’re talking about a worthy correction…a real correction…a noble and distinguished correction…a correction that can hold its head up in public.
October 14th, 2009 | Bill Bonner | 0 comments | ContinuedAll Posts Tagged With: "consumer credit"
Americans Aren’t Borrowing Or Buying
This is the story we’ve been telling here at The Daily Reckoning for two years. Americans have to cut back. They are out of time and out of money.
October 13th, 2009 | Bill Bonner | 1 comment | Continued
Economy Has to Grow at 1% to Stay Even With Population Growth
There are now about 131 million jobs in the United States…and about 15 million people who would like a job but can’t find one.
October 8th, 2009 | Bill Bonner | 4 comments | Continued
New Default Wave Hits Mortgage Industry
Imagine how disappointed lenders will be when these loans default. And then, imagine how American investors will feel when a new wave of mortgage defaults and foreclosures is hits the commercial property market.
October 5th, 2009 | Bill Bonner | 9 comments | Continued
Gold Doesn’t Always Need Inflation to Rise
If the feds succeed at inspiring growth without also causing higher levels of inflation, gold will be a bad place for your money – relative to stocks.
September 28th, 2009 | Bill Bonner | 5 comments | Continued
The Interest Only Mortgage Option
How much more will these people have to pay? Between 5 and 10 times what they’re paying now. Almost all these homeowners are underwater. They bought at the bubbliest period.
September 22nd, 2009 | Bill Bonner | 1 comment | Continued
Three Kinds of Money in the Marketplace
There’s the smart money that goes with the trend. There’s the dumb money that bets against the trend. And there’s the money that doesn’t know whether it is coming or going.
The trouble is always figuring out which is which.
June 9th, 2009 | Bill Bonner | 0 comments | Continued
Australian House Prices Are Severely and Seriously Unaffordable
Let’s consider a new study on global housing affordability by Performance Urban Planning. The report concluded that Australia has the most unaffordable housing of all the nations surveyed. Not only that, but according to the report, Australia doesn’t even have a single urban area in which housing is merely “moderately unaffordable”…
January 27th, 2009 | Dan Denning | 183 comments | Continued