Their governments all have in it for them…taxes on ‘the rich’ are rising. The Democrats are talking about financing the entire nation’s health care system on the backs of the super-rich.
August 26th, 2009 | Bill Bonner | 4 comments | ContinuedAll Posts Tagged With: "financial"
What’s Good for Goldman is Generally Bad for the Country
Goldman makes money by separating investors from their money. Nothing wrong with that; someone has to do it. But the big banks are most profitable when speculation is rampant and debt is growing. That is, when people are going further and further into debt…
July 27th, 2009 | Bill Bonner | 1 comment | Continued
Austerity is Missing from the Financial Bailout Debate
Within the billions of sentences about the financial bailout there is one word notably absent, austerity. All talk is of payments, supports, subsidies, incurring more debt, stimulus packages.
July 3rd, 2009 | Juan Enriquez | 1 comment | Continued
Velocity of Money and the U.S. GDP
This week, the Mogambo is bombarded by a variety of fiscal numbers, from the velocity of money to US GDP. And as bad as they all are, it’s no wonder they’re giving him nightmares. The Mogambo explains…
June 23rd, 2009 | Mogambo Guru | 1 comment | Continued
Weapons of Financial Destruction
Sophisticated financial instruments that have been in the news lately – derivatives. Another view of derivatives was expressed by someone who actually knew something – Warren E. Buffett, the sage of Omaha. He called them “weapons of mass destruction.”
March 25th, 2008 | Bill Bonner | 2 comments | Continued