Even Alan Greenspan admitted he had “found a flaw” in his own thinking. We will have to imagine the giggles from the back of the room – if anyone had been awake. It was as if Stalin had confessed to being rude to his mother…
August 10th, 2009 | Bill Bonner | 4 comments | ContinuedAll Posts Tagged With: "economists"
Is Today’s Market More Volatile Than Past Markets?
“Consensus is beginning to emerge among economists and market analysts that the recovery in the Australian share market will be sustained, and some brokers are encouraging their clients to start buying now,” reports an article in today’s Age. As the Mogambo says, “HAHAHAHAHAHAHAHA!”
July 22nd, 2009 | Dan Denning | 25 comments | Continued
Robert McNamara Described as the “Architect” of Vietnam War
“War Criminal says Sorry, Sobs,” was the headline in the Nation on February 9th, 2004. Robert McNamara had just done something extraordinary for Secretaries of War: with tear in his eyes, he apologized for his role in the Vietnam War.
July 13th, 2009 | Bill Bonner | 0 comments | Continued
RIP Robert S. McNamara and California’s Holes in its Budget
Robert McNamara must have been in a hurry too. He never had time to wonder why he was sending 500,000 American boys to fight a war when Lyndon Johnson was “publicly promising in campaign speeches not to ‘go North,’ not to send American boys to fight wars Asian boys ought to fight for themselves,”…
July 8th, 2009 | Bill Bonner | 1 comment | Continued
Can Government Bureaucrats do a Better Job of Allocating Capital than Free Markets?
They’re allowing a handful of economists – who failed the critical test; not one of them noticed the market tsunami coming last autumn – to direct the flow of trillions worth of savings. They’ve already put at risk more than $12 trillion.
June 29th, 2009 | Bill Bonner | 1 comment | Continued
The Public Still Has Faith in Economists – But Why?
The whole world economy is underwater and the same economists who failed the critical test are manning the pumps…
June 26th, 2009 | Bill Bonner | 1 comment | Continued
How Simpleminded Economists Really Can Be
Which reminds us how simpleminded economists can be. Imagine a town where people borrowed and spent too much. Faced with unemployment and a slump…
June 12th, 2009 | Bill Bonner | 1 comment | Continued
Members of Congress Have the Same Questions As the Rest of Us
We report to you today from the banks of the Potomac. Our old friend, Congressman Ron Paul organized an off-the-record discussion with several other members of Congress. The subject was the financial meltdown…and the bailout. We were there to talk, of course, but we were more interested in listening.
May 25th, 2009 | Bill Bonner | 0 comments | Continued
Big-picture Case for Energy Stocks is Pretty Bullish
Kris Sayce has been banging on the LNG drum, meanwhile, over at the Australian Small Cap Investigator. If you’re wondering what the difference is between his energy stock coverage and ours at D&D, we’d say it’s risk. Kris has been researching and recommending LNG plays in Queensland’s budding coal-seam-gas industry.
May 15th, 2009 | Dan Denning | 2 comments | Continued
Gold Sales Cost Europe’s Central Banks Billions
And gold? Well you know all about that. Yesterday’s Financial Times had three stories in a row on gold. The first was, “Beijing Bets on Bullion” and showed that even though China’s gold reserves have doubled since 2003, the country still only has 1.6% of its total foreign reserves in gold. The world average is 10.5%.
May 8th, 2009 | Dan Denning | 4 comments | Continued