Mortgage lenders say they expect the peak in foreclosures to come about a year from now. As for the bottom of price declines, you can expect that in 2013 or beyond.
October 15th, 2009 | Bill Bonner | 1 comment | ContinuedAll Posts Tagged With: "consumer economy"
Is Gold at $1000 a Bargain…Or a Trap?
Barclays Capital says gold could go to $1,500. We don’t know where they got that number. It could go to $15,000 for all we know.
October 9th, 2009 | Bill Bonner | 4 comments | Continued
Bullish On Silver
Well, maybe not all buying is drying up, as silver market analyst, Ted Butler, reports that in the last 10 months, “some 150 million ounces of silver can easily be documented to have been bought by investors.
October 6th, 2009 | Mogambo Guru | 0 comments | Continued
What’s a Consumer Economy Need in Order to Keep Growing?
“US consumers are cutting back, and where they are not cutting back, they are scaling down. This new cycle is all about ‘getting small’ and it is deflationary.
September 23rd, 2009 | Bill Bonner | 1 comment | 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
Gold is an Antidote to Paper
But what if you don’t own gold? The yellow stuff is now over $1,000. In fact, it looks like $1,000 could be a new support level for the metal – with most of the support coming from the Chinese.
September 18th, 2009 | Bill Bonner | 2 comments | Continued
Each Major Economic Trend Rises and Falls
We have maintained an episodic correspondence with Jack Lessinger for nearly 20 years. Jack is a “socio economist.” That is, he’s looking at the big picture of economic trends as they fit into the wider world of social life.
August 18th, 2009 | Bill Bonner | 0 comments | Continued
Can a Consumer Economy Boom If Consumers Have Less Money?
Consumer Costs Fall Most in Six Decades,” reports Bloomberg. Europe is already in deflation. America is not far behind. We had a hard time following the Bloomberg report…
June 19th, 2009 | Bill Bonner | 2 comments | Continued
Temptation for the Investors
There’s nothing like a little temptation to get the juices flowing. A roulette wheel that seems to stop just where you thought it would…a pretty woman who smiles at you on the cross-town bus…a pastry as big as a sombrero and as rich as El Dorado – oh…Heaven forefend!
But the hardest temptation to resist is the temptation of getting something for nothing.
March 17th, 2009 | Bill Bonner | 0 comments | Continued
Daily Reckoning Plan to Save the World
But there was no container large enough to hold the subprime losses. Each time one was set out, it quickly overflowed. The latest reports tell us that the bilge is now 500 times deeper than the Fed head forecast…and still rising. And this comes after $11.7 trillion has been committed in the US alone to pumping it out. Whether the plumbers are plain idiots or clever rogues, we can’t say, but it should be obvious after two years of watching them, their pumps don’t work.
March 16th, 2009 | Bill Bonner | 0 comments | Continued