On the surface of it, the idea is absurd. What does Obama know about airplanes? Who would want to fly in an airplane with Obama in the pilot seat?
November 16th, 2009 | Bill Bonner | 0 comments | ContinuedAll Posts Tagged With: "feds"
Have the Feds Given the Economy a Miracle Drug?
Twenty years ago today…the Berlin Wall came down. This marked the end of the greatest controlled experiment in economics ever conducted. What did economists learn? Nothing…
November 10th, 2009 | Bill Bonner | 0 comments | Continued
Feds See Every Emergency as an Opportunity
So far, the feds are the only real winners from any of these crises. Federal outlays, as a percentage of GDP have shot up from less than 20% of GDP in 2000 to more than 26% in 2009.
October 28th, 2009 | Bill Bonner | 0 comments | Continued
Only Hope for Obama is that the Economy Revives
Why not? Wait a minute…you already know the answer to that question. Because it’s a depression. It’s the end of the road for the consumer credit economy. Consumers did their best.
October 19th, 2009 | Bill Bonner | 1 comment | Continued
Is the Real Economy Growing, Expanding, and Making Money?
JPMorgan, the Wall Street firm that was bailed out by the feds a year ago, reported income of $3.6 billion in the 3rd quarter. With that kind of profit in the financial sector, it won’t be long before the whole economy is running red hot, right?
October 16th, 2009 | Bill Bonner | 4 comments | Continued
Feds Have Used the Correction to Increase Their Power and Add to Their Wealth
Noooo… We’re talking about a worthy correction…a real correction…a noble and distinguished correction…a correction that can hold its head up in public.
October 14th, 2009 | Bill Bonner | 0 comments | Continued
Can Governments and Central Banks Prevent More Credit Writedowns?
Are we changing our tune, then, about what to expect from markets? Not one bit. But the question now is timing. The collapse of 2008 was so severe because of the sudden reduction in leverage in the financial sector. As assets fell in value, the most highly leveraged firms (or lenders who raised money by selling debt) went out of business.
October 12th, 2009 | Dan Denning | 34 comments | Continued
Is Gold at $1000 a Bargain…Or a Trap?
Barclays Capital says gold could go to $1,500. We don’t know where they got that number. It could go to $15,000 for all we know.
October 9th, 2009 | Bill Bonner | 4 comments | Continued
AUD Price of Gold a Measure of Gold’s Strength Against Other Currencies
Ah. So for gold to move in Aussie dollar terms there has to be more than just a big bear market in the USD. Demand for gold has to rise globally.
October 9th, 2009 | Dan Denning | 2 comments | Continued
Obama Considers New Job Tax Credit
Hey, why not! They had such great success with the Clunker tax credit…and with the first time house buyer tax credit.
October 8th, 2009 | Bill Bonner | 4 comments | Continued