“Much of the world is going through a downswing of the credit cycle. Argentina doesn’t have and didn’t have much credit. So it will be spared the big problems. But it sells farm produce to the rest of the world.
November 16th, 2009 | Bill Bonner | 0 comments | ContinuedAll Posts Tagged With: "foreigners"
The Kindness of Strangers in the East is Waning
The background for this latest crisis is what we’ve been reckoning within these Daily Reckonings for so many months. The geniuses at Bear Stearns had their calculators…their Black Sholes Option Pricing Model…their mathematicians…their risk figures… They had some of the finest minds in the country – or at least, some of the finest minds money could buy on Wall Street.
March 18th, 2008 | Bill Bonner | 0 comments | Continued
