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 | ContinuedAll Posts Tagged With: "financial industry"
Who Was the SEC Harassing Instead of Madoff?
Investigators wondered why the agency had let Madoff run billions in suspicious trades without ever checking them out. The SEC responded by saying it lacked sufficient resources. Then, New York Senator Schumer said he would propose a measure to increase the agency’s spending power by 75%…
September 8th, 2009 | Bill Bonner | 2 comments | Continued
The New Normal: Where the Government Plays a Significant Role in Controlling the Economy
In the “old normal” view – preached by politicians left and right and amplified by a compliant media and a smarting financial industry – you should go back to doing what you were doing before. Have a short memory. Buy stocks automatically because they always go up. Get a mortgage and buy a house, perhaps even a second one. Spend money. The government will make more.
September 4th, 2009 | Dan Denning | 17 comments | Continued
A Financial World Not Yet Recovered From the Bubble Madness of 2002-2007
Here at The Daily Reckoning, we look…we squint…we wipe the fog off our glasses and try to tear the scales off our eyes. What do we see? We see a financial world gone mad.
August 7th, 2009 | Bill Bonner | 0 comments | Continued
Let Us Explain How the Financial Industry Worked
Readers unfamiliar with modern macro-monetary theory would probably like to stay that way. But that doesn’t stop us from limbering up in order to pitch the system at you.
July 29th, 2008 | Bill Bonner | 3 comments | Continued
The Global Financial System is Falling Apart and the World Economy is Slowing Down
The world economy is slowing down. The global financial system is falling apart. The whole situation is a mess…a disaster for investors…a catastrophe for homeowners…
July 17th, 2008 | Bill Bonner | 0 comments | Continued
The Present Period in Financial History Favours Ducks and Undertakers
The present period in financial history favours ducks and undertakers. On the banks of the Thames and the Hudson, every day they fish a couple more cadavers out of the water. And then the medical examiner opens them up so we get to see what caused them to go under. What a sight! It is amazing that any sane investor ever had anything to do with them in the first place.
April 7th, 2008 | Bill Bonner | 0 comments | Continued
Prometheus, With The Cuffs On
Money carries no passport, but it slides through almost any border. It speaks no language, but when it talks, everyone listens. But for all its passe-partout appeal, money has more enemies than friends. And the biggest threat is probably is the financial industry itself. “Don’t worry,” the bright young man at a London private banking told us, “we maintain the highest levels of professionalism and use the most sophisticated tools of modern portfolio management.”
March 17th, 2008 | Bill Bonner | 3 comments | Continued