It shows you that we are past the viscous subprime crisis, when that shark chewed through the balance sheets of a number of banks and financial institutions, in some cases devouring them whole.
November 6th, 2009 | Chris Mayer | 9 comments | ContinuedAll Posts Tagged With: "financial institutions"
Government Stimulus Programs Make Life Harder For Banks
Just to recap, government borrowing draws away capital from businesses that might use it to invest in productive projects that generate a real return. What you get in return is higher debt, probably higher interest rates, and people who’ve never really had to earn a paycheck or meet a payroll deciding how to allocate capital. And you still think it’s a good idea?
October 1st, 2009 | Dan Denning | 6 comments | Continued
Is There Any Wonder Americans’ Hate Bankers?
“The watchdog overseeing the federal government financial bailout says the government’s maximum exposure to financial institutions since 2007 could total nearly $24 trillion, or about $80,000 for every American.
July 22nd, 2009 | Bill Bonner | 0 comments | Continued
JPMorgan and Goldman Sachs Making Billions in Profits
But here at The Daily Reckoning, we can’t help ourselves. If we see a silver lining, we look for the cloud. We see garbage…we look for the rat… We begin with the JPMorgan profit announcement, because it is the most intriguing. Let us set the stage…
July 20th, 2009 | Bill Bonner | 9 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
American House Prices Continue to Fall While the Same Can’t Be Said About Australian House Prices
You wonder why anyone is building houses in America at all. Unlike Australia, there is a huge surplus of housing inventory in the States. America over-built its housing stock to epic bubble levels during the boom.
May 20th, 2009 | Dan Denning | 14 comments | Continued
Government Intervention for Economy Makes Things Worse
In the wake of this change of heart on the part of our leaders, Americans found themselves bombarded with a predictable and relentless refrain: the free market economy has failed.
May 6th, 2009 | Thomas E. Woods, Jr. | 2 comments | Continued