The weekend edition of the Australian Financial Review has gold on the cover, incidentally. You can see a picture of it a few paragraphs down. Underneath the giant golden letters it reads, “Why you shouldn’t laugh about gold hitting $US2000 an oz.” But if anyone’s laughing, it’s a nervous laughter.
November 16th, 2009 | Dan Denning | 8 comments | ContinuedAll Posts Tagged With: "fed"
Finding Assets that Out Run Inflation as Bond Yields Move Up
The week began with your editor wondering how the bond market would choke down another $81 billion in U.S. Treasury debt. On Monday, it swallowed $40 billion in three-year notes with gusto, and even belched in satisfaction. Demand, analysts said, hadn’t been that strong since 1990-when the bond vigilantes used the bond market as a weapon to discipline government spending.
November 13th, 2009 | Dan Denning | 6 comments | Continued
Major Premise That Government Economists Can Improve Workings of a Free Economy
That leads people to believe that the feds have pulled off a save…they’ve now got the economy well along on the road to recovery…the recovery is getting stronger as time goes by…
November 12th, 2009 | Bill Bonner | 5 comments | Continued
Hidden Inventory of Unsold Houses Will Depress Housing Prices
“Dad, I’ve got a good tenant in there. Besides, it’s not in very good shape. I’d rather sell it than invest more money in it. And there are so many places on the market, I can rent something better…
November 11th, 2009 | Bill Bonner | 0 comments | Continued
Bankers Take Money From the Government and Use it to Speculate
Most people find it both galling and absurd to see the bankers getting $10 million bonuses while there is 10% unemployment. Here at The Daily Reckoning, it’s just a matter of curiosity.
November 11th, 2009 | Bill Bonner | 10 comments | Continued
The Fed Has Put a Rocket Under the Market
The unconventional wisdom is that the Fed has learned nothing from the last bubble – or is so scared of deflation it’s willing to gamble on another bubble in asset prices. The trouble , the eventual bust in asset prices has to be reckoned up. And the Fed, along with all central banks who key off the Fed’s policy, are just kicking the can down the road, hoping asset values improve.
November 10th, 2009 | Dan Denning | 7 comments | Continued
We Can Expect More and More People to Want to Own Gold
Gold seems to be advancing towards a new milestone – $1,100. Makes us nervous. We always feel more comfortable out in the wide, open spaces…
November 9th, 2009 | Bill Bonner | 1 comment | Continued
Stocks, Bonds and Economy All Bounce
And if we’re following the Japanese experience, with a long, slow on-again/off-again period of depression, we can expect some quarters of growth, followed by quarters of non-growth.
November 9th, 2009 | Bill Bonner | 0 comments | Continued
U.S. Treasury Auctioning Off $81 Billion in New Debt
You have to wonder who is willing to loan money to the United States government – given the state of its fiscal and monetary policies – for thirty years at below 5%.
November 9th, 2009 | Dan Denning | 0 comments | Continued
Historically, the Only Reserve a Central Bank Can Trust is Gold
Imagine what would have happened if pharaoh had stocked up on radicchio instead of grain? Those 7 lean years would have been a lot leaner than they were.
November 6th, 2009 | Bill Bonner | 3 comments | Continued