In yesterday’s Age, Bwembya Chikolwa, a lecturer in the School of Urban Development at Queensland University of Technology, says Aussie super funds had money to burn…
September 1st, 2009 | Dan Denning | 1 comment | ContinuedAll Posts Tagged With: "financial crisis"
The Profits Depression
And after we consider the impact of the credit boom on S&P 500 earnings we’d say that corporate earnings are never going to be the same again. They may revert to the mean. But it will not be nearly as high as it was at the highs of the credit boom. It’s undeniable that the expansion of the credit bubble and the advent of securitisation and derivatives led to…
July 28th, 2009 | Dan Denning | 13 comments | Continued
Any Money That You Don’t Earn is Stimulus
Those whom the gods would destroy are first granted stimulus. When a man wins the lottery, for example, it has a stimulating effect on everyone around him. He usually spends the money quickly – often even before he gets it.
July 27th, 2009 | Bill Bonner | 3 comments | Continued
Herbert Hoover and the Great Depression
Let’s first set the record straight on Herbert Hoover’s fiscal policies. Contrary to what you have heard and read over the last year, Hoover behaved as a textbook Keynesian after the stock market crash. He immediately cut income tax rates by one percentage point…
July 16th, 2009 | Robert P. Murphy | 5 comments | Continued
American Banking System is a Branch of the Federal Government
You probably know the old Chinese curse, “May you live in interesting times.” I heard it first 30 years ago from an economics professor – my mentor, in fact. He was lecturing about the problems Austrian economic models predict when banking is controlled by government.
July 8th, 2009 | Patrick Cox | 1 comment | Continued
House Prices Always Go Structurally Higher in Australia
What about housing? ANZ Bank published a report on the subject yesterday. Among other things, it declared that, “We expect dwelling prices to edge higher for much of the remainder of 2009 with upside risk presenting from intensification of strong fundamentals, a shift in price expectations and restoration of confidence.”
July 2nd, 2009 | Dan Denning | 75 comments | Continued
Waxman-Markey Bill: Most Expensive Thing to Hit Economy Since Financial Crisis Began
Even the normally mild- mannered Wall Street Journal called it “one of the most ambitious efforts to re-engineer American social and economic behavior in decades, presenting risks and opportunities for a wide array of businesses from Silicon Valley to the coal fields of the Appalachians.”
June 5th, 2009 | Chris Mayer | 13 comments | Continued
It May Be a Depression But it Doesn’t Seem Like One
As expected, the financial world seems to be walking with a lighter step. It feels the sun on its face…and guesses that the long winter is behind it.
April 28th, 2009 | Bill Bonner | 2 comments | Continued
Experiencing Hard Work
“Damien really knows how to work. He’s been working hard all his life. Well, just try to find someone like Damien today. Young people don’t want to work at all. And if they get a job, they expect a machine to do all the hard work. They don’t know what a shovel is. You’d have a hard time getting a young person out to help us do this work…
March 17th, 2009 | Bill Bonner | 7 comments | Continued
Hangover Nation
Have you noticed? Bernie Madoff bears a striking resemblance to George Washington. And so goes the nation…from the man who couldn’t tell a lie, to the man who couldn’t tell the truth…
January 28th, 2009 | Bill Bonner | 11 comments | Continued