Not much action in the markets on Friday. It was a helluva week, though. The global economy was brooding.
November 22nd, 2011 | Bill Bonner | 0 comments | ContinuedAll Posts Tagged With: "depression"
Stimu-less
Sunday will be the day Germany pays its final reparations for the conflict which began in 1914. Bond holders under the Treaty of Versailles will receive their final payment and it will all be over. A small milestone for the revered austerian herself, Chancellor Angela Merkel, in paying off Germany’s debts.
October 2nd, 2010 | Nickolai Hubble | 1 comment | Continued
Hyperinflation and Unemployment Two Signs of Serious Trouble
John Williams, who keeps track of what is really going on in the economy at his “ShadowStats” outfit, says to expect hyperinflation within 6 to 9 months. Seems too early to us. But a major turn in the bond market and much higher inflation rates are coming. And you don’t want to be holding US bonds.
September 16th, 2010 | Bill Bonner | 9 comments | Continued
You say Obama; I say Ozawa! You say boom; I say ka-boom!
The Nobel Prize committee has never withdrawn a prize. It might want to consider it. In Tuesday’s New York Times, prizewinner in economics, Paul Krugman reveals either that he knows nothing about economics…or that there is nothing worth knowing in it. We’re beginning to think it’s the latter.
September 13th, 2010 | Bill Bonner | 0 comments | Continued
SSDD
It’s the same story, different day (SSDD). That is, nothing much has been revealed overnight to cause us to change our view that you’re investing in the midst of a long-term depression. Most of the positive GDP data coming out globally is backward looking. It doesn’t tell you much about the future. It is worth noting that a story in yesterday’s Financial Review showed that prices for coking coal have followed iron ore and coal prices down.
September 3rd, 2010 | Dan Denning | 135 comments | Continued
Gold Speculation During the Great Correction
Stocks go down; stocks go up – and gold keeps moving up…fiscal stimulus, monetary stimulus, quantitative easing – and gold keeps moving up…recovery…no recovery – gold keeps moving up…inflation…deflation – and gold keeps moving up…Are you beginning to see a pattern?
September 3rd, 2010 | Bill Bonner | 36 comments | Continued
Misguided Gratitude for Government Stimulus
In New York, markets enjoyed some brief respite from the blizzard of weak data as reports on the US housing market and consumer confidence proved better than feared. The Conference Board’s index of consumer confidence climbed to 53.5 last month from 51 in July…
September 2nd, 2010 | Bill Bonner | 0 comments | Continued
Time for Bouncy Bouncy
Before we get stuck into today’s financial world, a request: please don’t store petrol in your garage. A reader took us to task for suggesting that last week in our survivalists “to own” list. It was just a list. But her point is well taken. Petrol doesn’t keep well. And you may need it later to burn all your paper money and furniture to keep warm. So store it somewhere safe, if you’re going to store it at all.
September 1st, 2010 | Dan Denning | 1 comment | Continued
The Best Way to Bet on America
There is lots of ugly economic news out there, but one key bright spot is world trade. In the US, one particular industry will enjoy windfall profits from exports this year. That industry is agriculture. In 2009, world trade took a big hit in the wake of the financial crisis. Global exports fell 12%.
September 1st, 2010 | Chris Mayer | 49 comments | Continued
Healthy Correction or Ailing Recovery?
You’ll recall that when we left off last week, Ben Bernanke assured the world that while the recovery was not exactly what he had hoped for, he nevertheless had the situation in hand. He said he had the tools necessary to fix the problem and would do whatever was required.
September 1st, 2010 | Bill Bonner | 2 comments | Continued
Trader Vic Explains Hyperinflation
Hmm. If everyone, including the RBA, is so sure that a hyperinflationary depression is not likely, then what is legendary trader Victor Sperandeo doing saying the exact opposite? If you don’t have time to watch the four minute segment on CNBC, his point is simple: long-term structural deficits in the US make it nearly inevitable that bond investors will cease funding US deficits and yields will rise, forcing debt monetisation by the Fed.
July 30th, 2010 | Dan Denning | 38 comments | Continued
How to Cure an Economic Depression
“As recently as two years ago, anyone predicting the current state of affairs (not only is unemployment disastrously high, but most forecasts say that it will stay very high for years) would have been dismissed as a crazy alarmist.” That was Paul Krugman in today’s newspaper. Thomas Friedman is fixing problems in the Middle East, so we’ll have to make do with Krugman to entertain us on economic matters.
July 14th, 2010 | Bill Bonner | 2 comments | Continued
In Defense of Economic Depression
Paul Krugman rants and raves. He thinks governments are making a big mistake. They should forget about saving money and cutting deficits, he says. They can worry about that later. What they need to worry about now is a depression. Unless the feds get on the ball and spend money, we could sink into another Great Depression, he warns.
July 9th, 2010 | Bill Bonner | 1 comment | Continued
The Three Horsemen of the Global Apocalypse
Today Robb wrote about “The Three Horsemen of the Global Apocalypse.” He writes that, “There’s some confusion relative to whether the depression (D2 in shorthand) is over or not. It’s not.
April 7th, 2010 | Dan Denning | 2 comments | Continued
Chermany vs. Gremerica
The big exporters – China and Germany, who Martin Wolf calls “Chermany” – ran big trade surpluses. The big spenders – notably Greece and the US, who we will call Gremerica – ran large trade deficits.
March 29th, 2010 | Bill Bonner | 2 comments | Continued
