The debts of the past need to be reckoned with. Borrowers are doing the best they can. They pay when they’ve got the money. They default when they don’t.
December 17th, 2009 | Bill Bonner | 1 comment | ContinuedAll Posts Tagged With: "feds"
Feds Say Don’t Worry About the Depression
Instead of allowing things to settle down, the feds are doing all they can to keep them stirred up. Amid the foam and splash, nobody knows what is really going on.
December 14th, 2009 | Bill Bonner | 2 comments | Continued
We’re Not Threatened by Inflation but by Depression
It’s fighting the depression that makes people worry. Smart investors and shrewd central bankers are afraid the depression-fighters will go too far…
December 7th, 2009 | Bill Bonner | 2 comments | Continued
Does Gold Do Anything But Rise?
The prevailing opinion of the smart money is that gold is a one-way bet. As long as there seems to be some kind of recovery, inflation rates will rise and gold will rise too.
December 7th, 2009 | Bill Bonner | 0 comments | Continued
Feds Think They Have Won This Fight Against the Depression
The Wall Street Journal says they’ve turned their guns around. The Fed is a “Bubble Fighter” now, it reports.
December 4th, 2009 | Bill Bonner | 4 comments | Continued
US Consumers Have Slacked Off
So, who’s going to do the consuming? Where’s the growth going to come from to keep Chinese factories polluting the atmosphere and Indian call centers confusing the customers?
December 2nd, 2009 | Bill Bonner | 0 comments | Continued
Federal Housing Administration Encourages More Bad Mortgage Loans
You’d think the feds might have learned their lesson. Their low rates…and subsidized mortgage loans…led to the biggest bubble in housing in US history.
November 26th, 2009 | Bill Bonner | 0 comments | Continued
You Buy Gold When the Government is Making a Mess of the Monetary Situation
Are the feds making a mess of the monetary situation? Oh dear, dear reader…please ask us something harder. Trillion dollar deficits as far as the eye can see…
November 24th, 2009 | Bill Bonner | 0 comments | Continued
Obama Urged to Fix Airline Industry
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 | Continued
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
