Our DR Global Editions: 
Sunday, November 22nd, 2009
India’s central bank is now the proud owner of 557 tonnes of gold. That gives it the tenth largest gold holdings among central banks. But it probably isn’t finished. Gold makes up just six percent of India’s foreign exchange reserves. There’s plenty of room for that to grow.
But don’t forget China. China has $2.3 trillion in foreign exchange reserves…
November 4th, 2009 | Dan Denning | 5 comments | Continued
“Great time for US consumers, America is on sale,” says an item at YahooFinance. The “discounts are unbelievable,” adds a blogger known as Frugal Rhode Island Momma.
October 12th, 2009 | Bill Bonner | 0 comments | Continued
The ECB loans money at low rates to the banks – hoping to encourage consumer and business lending. In June, for example, the banks borrowed 442 billion euros at a fixed interest rate of 1%. But lending to business and households is at its lowest level since record-keeping began…
July 30th, 2009 | Bill Bonner | 1 comment | Continued
That all sounds like common sense. So why are so few policy makers using their head? The people who hope the global economy can be revived through a resumption of credit growth seem to forget that it was massive credit growth that created the problem (massive global imbalances, huge debt levels, and mal-investments) in the first place.
July 23rd, 2009 | Dan Denning | 2 comments | Continued
Our heroine, Angela Merkel, made the front-page news yesterday. She stood up against almost every mainstream economist, politician, and central banker in the world – and gave them all hell.
June 5th, 2009 | Bill Bonner | 0 comments | Continued
Whoever was responsible for the mistakes, capitalism went about correcting them with its customary élan. It hit imprudent investors with trillions in losses. It knocked down mismanaged corporations. It whacked homeowners…
May 12th, 2009 | Bill Bonner | 1 comment | Continued
Yesterday, both the Bank of England and the European Central Bank announced moves to boost the economy. They’re both falling in line behind Mr. Bernanke, who is “pulling out all the stops” in order to avoid a deep depression.
May 11th, 2009 | Bill Bonner | 1 comment | Continued
For us, it applies heavily to the advances of government into the field of business. It only makes sense: the occupants of the White House and the Capitol have done such a good job with their budgets over the years, they just want to help everyone else (over the cliff, that is).
April 2nd, 2009 | The Daily Reckoning | 1 comment | Continued
“The US is repeating mistakes from the 1930s,” he says, “such as wide- ranging stimuluses, protectionist tendencies and appeals, the Buy American campaign and so on. All these steps, their combination and their permanency, are the road to hell.”
March 27th, 2009 | Bill Bonner | 3 comments | Continued
| All Ordinaries | 4706.70 | ||
| S&p/asx 200 | 4685.80 | ||
| Sse Composite Ind | 3308.35 | ||
| Crude Oil Dec 09 | 76.90 | ||
| Gold Nov 09 | 1146.40 | ||
| Nikkei 225 | 9497.68 | ||
| DJIA | 10318.16 | ||
| S&P 500 | 1091.38 | ||
| Ftse 100 | 5251.41 |
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