Note to the market: The Eurozone crisis hasn’t gone anywhere. The US and Iran are facing off in the Straits of Hormuz, the world’s most important oil supply route. And China’s economic slowdown has only just got underway.
January 5th, 2012 | Greg Canavan | 2 comments | ContinuedAll Posts Tagged With: "credit expansion"
The Brave New World of Debt Deleveraging
The 40-year expansion of credit – the debt supercycle – is over. Its passing means you must re-think how economics and markets ‘work’. Of course economics and the market will still work in the same way they always have. They simply reflect billions of individual decisions made on a daily basis.
December 22nd, 2011 | Greg Canavan | 2 comments | Continued
Government is Still Misleading and Economists are Still Mis-interpreting
Mainstream economists and mainstream financial media tell us that the worst is over…that the ‘recession’ has passed…and that things are getting back to normal.
March 18th, 2010 | Bill Bonner | 1 comment | Continued
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
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
In 1930…as in 2009…the Average Fellow Thought the Crisis had Passed
“I see the publishers association has chosen a ’20s theme,” began the emcee. “What is wrong with you people? Don’t you know what came after the ’20s? The ’30s!”
It doesn’t seem like the ’30s…yet. Ask the man on the street and he will tell you what he’s heard on TV: the worst of the crisis is over.
