For the last 10 years, the money supply in the United States has expanded at roughly twice the rate of GDP growth. And the Fed doubled its balance sheet in just the last 18 months.
September 8th, 2009 | Bill Bonner | 1 comment | ContinuedAll Posts Tagged With: "economics"
Cash for Clunkers Widely Thought to Help Revive Economy
But who listens to Bastiat or Hayek? Ten countries have taken up ‘Cash for Clunkers’ programs. In Britain, the government puts up 2000 pounds to grease the deal…with a total of 300 million earmarked for the program. In America, the ‘Cash for Clunkers’ program was extended last week…
August 17th, 2009 | Bill Bonner | 0 comments | Continued
What is this “Breakeven Point” for Oil?
And it is not just oil, but all commodities that are shooting up, as Ian Mathias here at The Daily Reckoning reports that commodities are on a tear (up 12.3%), and that “May was the best month for the CRB Index since 1974,” which was more than a third of a century ago.
June 9th, 2009 | Mogambo Guru | 2 comments | Continued
The Threat of Hyper-Depression
At this stage nothing is certain, but the country is currently headed straight into a period of very rapid price hikes and a very bad recession. It would not surprise me at all if the national unemployment rate and the annualized rate of consumer price inflation both broke through into double digits by the end of 2009.
March 26th, 2009 | The Daily Reckoning | 4 comments | Continued
An Edifice of Pure Economic Crapola
Well, there is more, as the mysterious, necromantic arts of economics comes in to determine, as a constant – with an astonishing precision out to three decimal places! – exactly HOW much you spend and how much you save of each dollar! Hahaha!
February 18th, 2009 | Mogambo Guru | 2 comments | Continued