Let’s see, in the 1980s Japan’s corporate leaders thought they were going to take over the world. Investors thought so too. They expanded. They wheeled. They dealed. Prices shot up and they all thought they were geniuses.
November 13th, 2009 | Bill Bonner | 13 comments | ContinuedAll Posts Tagged With: "deflation"
Bankers Betting That the Money Given by Feds Will Be Worth Less Next Year
So far the bet has gone their way. Copper has doubled. Gold is up 20%. Stocks markets all over the world are up 60%. Foreign currencies, too, have beaten the dollar.
October 27th, 2009 | Bill Bonner | 2 comments | Continued
Harding the Last American President to Deal Honestly With a Major Financial Crisis
Just look up Warren Harding on Wikipedia. The first entry you will find is not the 29th president of the United States of America, but a rock climber with the same name.
October 26th, 2009 | Bill Bonner | 12 comments | Continued
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
Inflation is an Artifice Caused by Government
Central banks ‘target’ a certain level of inflation because they think – or say they think – that a bit of inflation helps create full employment.
October 6th, 2009 | Bill Bonner | 2 comments | Continued
Inflation is Our Future
On one hand, the deflationists are claiming that given the extremely high debt levels in the West, further inflation is impossible.
September 30th, 2009 | Puru Saxena | 4 comments | Continued
A Recovery of Some Kind in Global Trade
“Global trade rose at its fastest rate in more than five years in July,” The Financial Times reports, “suggesting the economic recovery is feeding through into commerce.”
September 30th, 2009 | Bill Bonner | 1 comment | Continued
US Federal Government Ran the Biggest Deficit in History
In theory, the US government could do the same. But, in fact, it never runs significant surpluses. There are too many people who want too much bread and too many circuses. And you don’t win votes by denying the voters…
September 30th, 2009 | Bill Bonner | 2 comments | Continued
Underlying Demand During a Housing Shortage
That is clever to suggest that when rates rise people will have to find another way to say that houses are affordable. But we reckon when rates rise, as they eventually must, a lot of new home buyers will find out that access to cheap credit does not make a house affordable. It just makes the amount of debt you owe to the bank a lot larger.
September 30th, 2009 | Dan Denning | 41 comments | Continued
Jim Grant Declares Boom is Nigh
What is remarkable about the Grant conversion is that his vision gives off so little heat and light. His WSJ article shillyshallies around; rehearses the history of previous recessions…
September 28th, 2009 | Bill Bonner | 0 comments | Continued