Wall Street is still in bull mode. Can you make money by joining it? Maybe. Is it worth it? Probably not.If you do decide to play the game…just be sure you remember what game you’re playing. This is a Great Correction. Over time, prices are going to work their way down until the Dow has dropped below its March 2009 low.
July 30th, 2010 | Bill Bonner | 0 comments | ContinuedAll Posts Tagged With: "economic"
The State the Welfare State is In
“You can take your loans and shove them,” the Hungarian economic minister, György Matolcsy, did not say. But that’s what he was thinking. Watch out. The Hungarians are trendsetters. They ran a budget deficit of 9% of GDP back in 2006. They got a $20 billion bailout in 2008 and have been living with austerity measures ever since…
July 26th, 2010 | Bill Bonner | 50 comments | Continued
Unusually Fed Up
Feeling besieged by the Welfare State? Tired of rising taxes, endless browbeating by unelected bureaucrats and insipid drivel in the news papers that passes for economic thinking? You’re not alone friend. You’re not alone. A big welcome to www.economics.org.au. We learned of the project when we were up in Sydney recently. If you’re interested in economics and more discussion on some of the ideas you find here in the Daily Reckoning, give the site a look.
July 23rd, 2010 | Dan Denning | 39 comments | Continued
Will the Real Inflation Rate Please Stand Up
In China – now the world’s largest energy consumer according to the International Energy Agency – most of the power comes from coal (about 65%). The rest comes from a combination of renewables, geothermal, nuclear, gas, oil and hyrdo electricity. When you’re the world’s largest consumer of energy, every little bit helps. But how about a look in pictures to literally change your perspective? The chart below shows the world in terms of nuclear energy generated for domestic electricity consumption…
July 21st, 2010 | The Daily Reckoning | 15 comments | Continued
US Jobs Data: One Reason Why It Might Not Be Getting Better
Dow up 56 yesterday. Gold down $6. Deflation stalks markets and economies. Don’t believe us? Just look at the 10-year T note. It’s about the only thing that is going up. It means people want safety, safety and more safety. Of course, they will find little safety in T-debt. But that’s a long story…
July 21st, 2010 | Bill Bonner | 1 comment | Continued
The Corruption of Finance and the Rise of Power
Let’s talk about power today. Where does it come from? From the barrel of a gun? From a lump of coal? From the sun? …..More on power and energy tomorrow. Australia doesn’t have the same public debt problems as other countries. But it depends on those countries for access to capital. That’s a weakness. But its massive energy abundance is strength and a real boon to investors.
July 20th, 2010 | Dan Denning | 4 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
Van Jones the Communist
I assume that you know by now that the president’s “green czar,” Van Jones, has resigned. Jones had come to prominence by merging environmentalism with grievance politics.
September 24th, 2009 | Patrick Cox | 2 comments | Continued
Biggest Problem With US Economy is Too Much Debt
Debt is ubiquitous across US society. Debt permeates the culture. Practically the whole nation has bitten off more than it can chew.
September 2nd, 2009 | Byron King | 0 comments | Continued
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
The Economic Panic of 2009
His whole presidency rests on getting this bailout thing right. If he does, he’ll be a hero. If he doesn’t, the economy will go into a Japan-like slump and he’ll spend his entire time in office dealing with people looking for handouts – zombie banks, comatose corporations, and desperate households.
February 13th, 2009 | Bill Bonner | 4 comments | Continued
