Their governments all have in it for them…taxes on ‘the rich’ are rising. The Democrats are talking about financing the entire nation’s health care system on the backs of the super-rich.
August 26th, 2009 | Bill Bonner | 4 comments | ContinuedAll Posts Tagged With: "Europe"
If the Economy is Not Recovering It Isn’t Getting Enough Stimulus
But the big story? Stimulus!
Here is the International Herald Tribune on Monday:
“More Stimulus is Needed to Spark a Strong Recovery,” is the headline. According to the IHT, stimulus is working. And it will work even better if there were more of it.
August 10th, 2009 | Bill Bonner | 7 comments | Continued
On the Evidence, Stimulus Programs Aren’t Working
For proof, we go to Stimulation Nation itself. From America last week came news that new house sales had finally turned up. They were up 11% in June, according to the papers. That was the monthly figure. According to the annual numbers, they were down 21% from the year before…
August 3rd, 2009 | Bill Bonner | 0 comments | Continued
Cold in July
“Everybody thinks it is so cold in Canada. But it’s much hotter there than it is here. A lot of houses in Ottawa have air conditioning. Here, almost no one has it. And I guess they don’t need it.”
July 13th, 2009 | Bill Bonner | 0 comments | Continued
The Ox-carts Could Be With Us For Years
“This is a wonderful country. It is so interesting…and so pretty in many ways…and so ugly in others. There is trash all over the place. And the kind of houses most people put up are unsightly hovels. But I suppose we should thank the Sandinistas for making the place so picturesque.
March 2nd, 2009 | Bill Bonner | 1 comment | Continued
An Irish Bond Bomb
More people are beginning to see States in a different light. Rather than seeing states as the (most of the time) democratically elected representatives of the people, people see something much more feudal. They see a set of elites who achieve and maintain their position by looking out for the economic interests of a small group of elites, including themselves…
February 19th, 2009 | Dan Denning | 3 comments | Continued
Europe and Japan are in recession
It’s official, for what it’s worth. Both Europe and Japan are in recession. The Eurozone contracted by 0.2% for the second straight quarter. Germany (the largest economy in Europe) and Italy (fourth largest) both shrank in the third quarter. Japan’s economy-the world’s second largest-shrank by almost half a percentage point in the third quarter.
November 18th, 2008 | Dan Denning | 4 comments | Continued
The Rising Price of Oil Has Done Less Damage in Europe Than in America
We filled up the car yesterday. The price of diesel fuel was 1.57 euros per liter. That works out to almost $10 a gallon…
July 10th, 2008 | Bill Bonner | 0 comments | Continued
