The Financial Times has continued its series on ‘Capitalism in Crisis’ much longer than we expected. Longer than seems decent, actually. The crisis will be over before the series ends.
February 6th, 2012 | Bill Bonner | 0 comments | ContinuedAll Posts Tagged With: "Financial Times"
How a Deficit in Capitalism Helped Engender the Financial Crisis
Instead of allowing capitalism to fix the problem, the feds made it worse. They gave more money to the very institutions and managers who had proved they couldn’t be trusted with it.
We don’t want to rehearse the whole sequence of events that got us to where we are. But it’s important to understand what happened.
The Real Crisis in Capitalism
The Financial Times led off its series on ‘Capitalism in Crisis’ with a wandering piece that attempted to outline the problem. Unfortunately, the FT writers don’t seem to understand what capitalism is, let alone what is wrong with it. They say they are “rethinking capitalism.” But it doesn’t appear that they ever thought about it the first time.
January 12th, 2012 | Bill Bonner | 1 comment | Continued
Only Thing Rising Faster than Demand for Government Debt is Supply of It
All major governments of the West – and Japan – are now borrowing as if their lives depended on it.
November 30th, 2009 | Bill Bonner | 0 comments | Continued
Recession Did More Damage Than You Think and it Isn’t Over
The ‘recession’ in the US has wiped out…
..ten years of stock market progress. Actually, stock prices are no higher than they were in 1998…
November 25th, 2009 | Bill Bonner | 0 comments | Continued
Bullish On Silver
Well, maybe not all buying is drying up, as silver market analyst, Ted Butler, reports that in the last 10 months, “some 150 million ounces of silver can easily be documented to have been bought by investors.
October 6th, 2009 | Mogambo Guru | 2 comments | Continued
US Dollar Declining as China’s Currency Rises
“We may now be entering the Asian century, dominated by a rising China and its currency. This decline of the dollar might take more than a decade, but it could happen even sooner…
September 23rd, 2009 | Bill Bonner | 5 comments | Continued
Financial Markets Have Clearly Rallied
If it’s true that markets lead economies, markets are telling us that things are going to get much better. The FTSE index of emerging markets is up 99% from its March lows. The S&P 500 is up nearly 60%. And gold itself is up 25%, with much of that move coming in the last few weeks.
September 21st, 2009 | Dan Denning | 10 comments | Continued
Dollar Declines as Gold Rises
The reason for the dollar’s decline and gold’s rise was given in the front-page headline of today’s Financial Times. China launched a “new dig” at the dollar, it says. As near as we could tell, China merely stated the obvious…
July 13th, 2009 | Bill Bonner | 3 comments | Continued
RIP Robert S. McNamara and California’s Holes in its Budget
Robert McNamara must have been in a hurry too. He never had time to wonder why he was sending 500,000 American boys to fight a war when Lyndon Johnson was “publicly promising in campaign speeches not to ‘go North,’ not to send American boys to fight wars Asian boys ought to fight for themselves,”…
July 8th, 2009 | Bill Bonner | 1 comment | Continued
Gold Sales Cost Europe’s Central Banks Billions
And gold? Well you know all about that. Yesterday’s Financial Times had three stories in a row on gold. The first was, “Beijing Bets on Bullion” and showed that even though China’s gold reserves have doubled since 2003, the country still only has 1.6% of its total foreign reserves in gold. The world average is 10.5%.
May 8th, 2009 | Dan Denning | 4 comments | Continued
A Long Time Before Investors Will Gamble on Housing Debt
USA Today opens with a cover story on “the new homeless.” There’s a photo of a 53-year-old man sitting in his tent. It’s a “temporary situation,” he says. But the tent city in Pinellas County, Florida, may be home for longer than he expects.
May 7th, 2009 | Bill Bonner | 0 comments | Continued
China Makes Recession Recovery
As predicted, the world markets are enjoying a bounce. People who had no idea there was anything wrong with the world financial system two years ago, now say the problem has been fixed.
Who fixed it? The people who had no idea what was wrong with it, of course.
May 6th, 2009 | Bill Bonner | 2 comments | Continued
When Gold Ruled the Earth, Part II
“It took three generations,” wrote a professional metals consultant in Feb. 2009, “but we now seem to have reached the point in the world’s history where, for the first time, gold is valued only for jewelry use and speculation.
April 27th, 2009 | Adrian Ash | 0 comments | Continued
U.S. Government Spending $13 trillion to ‘Fix’ Problems
As near as we can tell, the financial world conveniently remained on hold while we were gone. As of Sunday night, little had changed. Gold, stocks…economists…politicians – they’re all about where we left them.
April 22nd, 2009 | Bill Bonner | 0 comments | Continued
