A majority of those polled by Bloomberg think things are great; 61% said they thought they economy had taken off and was flying high. Stocks are up. Commodities are up…
September 10th, 2009 | Bill Bonner | 3 comments | ContinuedAll Posts Tagged With: "federal reserve"
Where Do the Feds Get Any Money?
They have to borrow it…or print it. There’s a big difference between federal borrowing and private borrowing. When the private sector borrows the risk is that people won’t be able to pay back their loans.
September 9th, 2009 | Bill Bonner | 11 comments | Continued
Cash for Clunkers Cars
This is a subject which is very interesting to me because I happen to be a guy who owned a whole series of clunker cars and trucks over the years because I couldn’t justify the expense of a new vehicle/a good vehicle/a better vehicle/a vehicle…
September 8th, 2009 | Mogambo Guru | 4 comments | Continued
The Destruction of the Dollar by the Federal Reserve
Then, on the “quiet 23rd of December in 1913″, J.P. Morgan and buddies got Congressional quislings to pass legislation authorizing the creation of the Federal Reserve, and to which I add that the jerk Woodrow Wilson then signed it…
September 1st, 2009 | Mogambo Guru | 0 comments | Continued
Fed’s Balance Sheet Increases As Much As $2 Trillion
Ben Bernanke was put up for another term as head of the Federal Reserve. And the Obama administration said the downturn was a little worse than it had thought, so it’s estimate for the 2010 budget deficit had to be updated – increased by 19%…
August 27th, 2009 | Bill Bonner | 0 comments | Continued
Paul Krugman Advised the Bank of Japan to Purposely Cause Inflation
So I told him, “I like it fine, except I wanted lobster! Rich, flakey lobster to dip into real melted butter so wickedly delicious that you can actually hear your arteries hardening from just looking at it; but I can’t order lobster because inflation in prices…
August 18th, 2009 | Mogambo Guru | 4 comments | Continued
Discussing the Dreaded Fibonacci Retracement
So let’s do that! And actually, it’s not inherently dreadful. Our Swarm trading technician Gabriel Andre uses the Fibonacci numbers to track trends in commodities, currencies, and stocks.
In fact, he’s been muttering to himself in French the last week that September may be a very good month for short sellers.
August 13th, 2009 | Dan Denning | 23 comments | Continued
Central Bank Creates Excessive Amounts of Money to Expand Government Spending
But this is not about any of that, but about the way that the government has now “changed the way it accounts for natural disasters, such as Hurricane Katrina,” which ought to make you suspicious, especially as it was done for “eliminating much of the prior volatility in income calculations”, whatever in the hell that means.
August 11th, 2009 | Mogambo Guru | 0 comments | Continued
Is it Possible China’s Steel Industry Has Excess Productive Capacity?
“China’s steel output has taken up 48% of the world’s total in the H1 of this year, further exacerbates the oversupply picture and hurts the healthy industrial development. And Mr Roland Verstappen vice president of ArcelorMittal also said steel overcapacity is quite clear in China and which will press down steel prices, sweep smaller mills out of the market and causes unemployment.”
August 6th, 2009 | Dan Denning | 8 comments | Continued
Nixon and Exchanging Dollars for Gold
Then Nixon said, “No more exchanging stupid paper dollars for real gold!” The reason Nixon was forced to act like a lying, thieving little creep is partly because he WAS a lying, thieving little creep, but mostly because he mirrored America perfectly since Congress allowed it…
August 4th, 2009 | Mogambo Guru | 5 comments | Continued