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 | ContinuedAll Posts Tagged With: "financial industry"
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