Part of the phenomenon can be explained merely by the severity of the downturn. If this were a recession it would be a bad one – worse than any since the Great Depression. Consumers have rediscovered thrift. Households are cutting back.
July 28th, 2009 | Bill Bonner | 0 comments | ContinuedAll Posts Tagged With: "downturn"
The Essence of Darwinism
Right now, we are sitting on the veranda of the Rancho Santana clubhouse. The sun is bright and hot over the ocean…a sea breeze cools the air…the palm trees sway…the waves crash onto the shore, spinning the surfer’s head over heels.
February 18th, 2009 | Bill Bonner | 26 comments | Continued