The commentators have it all wrong. Look on the bright side. The world economy is not in a period of negative growth. It’s in a period of positive collapse! That’s why the Great Depression was so great, after all. What’s positive about this depression is that it is clearing away a generation’s worth of mistakes, misallocations of resources and misplaced confidence.
March 10th, 2009 | Bill Bonner | 0 comments | Continued Our DR Global Editions: 
Monday, March 22nd, 2010
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The Markets
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Sse Composite Ind 3074.58 +6.83
Gold Mar 10 1107.40 +0.00
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Nikkei 225 10824.72 +80.69
DJIA 10741.98 -37.19
S&P 500 1159.90 +0.00
Ftse 100 5601.62 -48.50
2010-03-22 01:36 Most Comments
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- Tell Us What Questions You Want Answered in the DR (173)
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Recent Comments
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No one is saying that owning a house is not a good thing.
I am not even saying that the median ...
SV | 22Mar10 | More -
Sambo,
I've not met or spoken to "gold bug" that CAN listen to and debate the other side of the argument.
My ...
prozak | 22Mar10 | More -
An article from the age nearly 2 years ago...
http://news.theage.com.au/business/mortgage-stress-could-grip-1m-aussies-20080424-28av.html
2 year old article.. House prices have increased, number of loans ...
Stillgotshoeson | 22Mar10 | More -
hmmm.... some very interesting thoughts.
I don't know how some people think China, India, Australia will be fine in the the ...
prozak | 22Mar10 | More -
Hi Justin. I personally don't think anything will extinguish debt, other than perhaps war or currency inflation. The Euro can ...
Sambo | 22Mar10 | More -
Fekete an extremist!?
I think not, the extremists are those passing off debt as the 'ultimate extinguisher of debt'. How can ...
Justin | 22Mar10 | More -
Nobody that is incorporated globally wants to confront the liquidation. There isn't any sovereign or corporation to call in ...
Ross | 22Mar10 | More -
I'd agree that 40 years is too far ahead, SV. Even ten is a stretch of the imagination.
SV: "...if more ...
Biker Pete | 22Mar10 | More -
SV - yeah maybe, but I'd still rather be on the owning side of the situation.
Dan | 22Mar10 | More -
Alas, the lessons will STILL go unlearned by the financial sector. Every single time they are bailed out or 'too ...
Sambo | 22Mar10 | More
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No one is saying that owning a house is not a good thing.
I am not even saying that the median ...
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