Speaking to a National Association of Realtors summit, Greenspan said there were reasons to believe that bulging inventories of unsold homes were dwindling and that should bring some stability to prices.
May 15th, 2009 | Bill Bonner | 2 comments | ContinuedAll Posts Tagged With: "financial sector"
Now in Post-bubble Era as Financial Industry Bombs Out
Yesterday, both the Bank of England and the European Central Bank announced moves to boost the economy. They’re both falling in line behind Mr. Bernanke, who is “pulling out all the stops” in order to avoid a deep depression.
May 11th, 2009 | Bill Bonner | 1 comment | Continued
Gordon Brown Pronounces New World Order
“Nothing very important, but the media makes a big thing of it. They kept talking about that G20 meeting – as if they were going to change the whole world – New World Order and all that…but what could they change? These hotshots at the banks took some bad bets. Now they’ve got to pay for them. What’s all the fuss about?”
April 6th, 2009 | Bill Bonner | 1 comment | Continued
The Root of All Financial Evil
Around noon yesterday here at the Old Hat Factory, a little daemon whispered in your editor’s ear, “The bottom is in for the year of the ASX.” “Huh?” We looked around to try and spot the little green devil. He’s been in our ear before. But he was nowhere to be found. We could still hear his voice. “Think about you fool. It is now safe to be dogmatically bearish on the front page of the newspapers…
October 29th, 2008 | Dan Denning | 2 comments | Continued
If Bridgewater is Right, the Whole Financial Sector Will be Guttered
You’ll remember, dear reader, after manufacturing pulled out of America, the financial industry was left. And retail. Housing. Services. And not much else…
July 9th, 2008 | Bill Bonner | 3 comments | Continued
Fantasy Land in the Aussie Financial Sector
It’s bizzaro world in the Aussie market today. Financial shares got a boost from a merger bid. The Prime Minister moves down the track toward price controls to bring local petrol down during a global oil crunch. And the RBA says only “risky borrowers” are facing tighter credit conditions these days.
April 16th, 2008 | Dan Denning | 8 comments | Continued
No Great Depression but Still Plenty of Depressing Financial Statistics
There ain’t no Great Depression. But that doesn’t mean that there aren’t a great many depressing financial statistics…and a great many financial decisions in need of correction…and a great number of people who will wish they had done things differently. But yesterday, stock market investors seemed to think the worst that could be seen had been seen; it was time to bid up stocks again.
April 3rd, 2008 | Bill Bonner | 4 comments | Continued
