All Posts Tagged With: "consumers"

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Gold is More Like a Religion or a Political Position

The price of gold peaked out in real terms in 1979 at over $2,000 in today’s money. Briefly, an ounce of gold was so loved – and stocks so despised – that you could buy all the stocks in the Dow index for just a single ounce of gold.

September 21st, 2009 | Bill Bonner | 23 comments | Continued
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What Evil Sends Investors Running to the Protection of Gold?

The press attributed this week’s rise in gold to benign causes. The end of the world seems to have been postponed – indefinitely. Bloomberg reported that a clear majority of those polled thought the world economy was recovering.

September 14th, 2009 | Bill Bonner | 1 comment | Continued
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US Economy Still on Runway as Recovery Won’t Fly

A majority of those polled by Bloomberg think things are great; 61% said they thought they economy had taken off and was flying high. Stocks are up. Commodities are up…

September 10th, 2009 | Bill Bonner | 3 comments | Continued
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Why Do Men and Women Want Money and Power?

At least as practiced by the leading macroeconomists of our time – such as Ben Bernanke, Tim Geithner and Larry Summers. It’s just a show-off sport…the idea is to impress the world with some fancy data-heavy formula…win the Nobel Prize and save the world.

September 9th, 2009 | Bill Bonner | 0 comments | Continued
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Cash for Clunkers Widely Thought to Help Revive Economy

But who listens to Bastiat or Hayek? Ten countries have taken up ‘Cash for Clunkers’ programs. In Britain, the government puts up 2000 pounds to grease the deal…with a total of 300 million earmarked for the program. In America, the ‘Cash for Clunkers’ program was extended last week…

August 17th, 2009 | Bill Bonner | 0 comments | Continued
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Saving Money, Not Spending it, is the Key to Getting Wealthier

Saving money gives you capital. And it’s capital accumulation – in the form of factories, roads, ships, buildings, machines…and raw savings – that gives people the ability to produce more. It may take a man with a shovel a whole day to dig a decent grave.

July 13th, 2009 | Bill Bonner | 0 comments | Continued
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The Business Bankruptcies and the Personal Bankruptcies

Yesterday’s issue of USA Today featured a report that said small businesses are going broke faster than expected. Small businesses are supposed to be the survivors. Like mammals in the Ice Age, they replace the dinosaurs.

July 3rd, 2009 | Bill Bonner | 1 comment | Continued
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Two Schools of Thought on the Bailout

There are two major schools of thought on the bailout: The first of which believe that the banks are still in trouble and need to be nationalized.

June 23rd, 2009 | Bill Bonner | 0 comments | Continued
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The Greatest Depression

The first assumption was that all consumers need to do is “regain their appetites” for exports. But it has nothing to do with “appetites.” Consumers were broke. They were no less hungry for products – they just didn’t have the money to buy them.

May 7th, 2009 | Gerald Celente | 1 comment | Continued
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China Makes Recession Recovery

As predicted, the world markets are enjoying a bounce. People who had no idea there was anything wrong with the world financial system two years ago, now say the problem has been fixed.

Who fixed it? The people who had no idea what was wrong with it, of course.

May 6th, 2009 | Bill Bonner | 2 comments | Continued
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