Ben Bernanke was put up for another term as head of the Federal Reserve. And the Obama administration said the downturn was a little worse than it had thought, so it’s estimate for the 2010 budget deficit had to be updated – increased by 19%…
August 27th, 2009 | Bill Bonner | 0 comments | ContinuedAll Posts Tagged With: "france"
Dinner in White
On Friday night, we went to a ‘dinner in white’ at a nearby chateau. It was a jolly affair, at an ancient chateau entirely surrounded by a moat.
August 25th, 2009 | Bill Bonner | 1 comment | Continued
The Family Office
Our son Will and an associate from Buenos Aires are here working on a new project. They were asked to take charge of the family office. What’s a family office? Ah…glad you asked.
August 20th, 2009 | Bill Bonner | 0 comments | Continued
Shutters, A Great Invention
It has been hot here in France. The sun beats down; the temperature has risen to the high ’80s. We have no air conditioning. But we have shutters. We close the shutters, partially, in the morning to block out the sun.
August 19th, 2009 | Bill Bonner | 1 comment | Continued
A Nightclub in the Middle of Rural France
“I can’t believe they wanted to do that,” said Elizabeth. “Imagine being trapped in a nightclub for 5 hours…and what could you do…the loud music…the cheap alcohol…it just sounds like torture.”
August 18th, 2009 | Bill Bonner | 0 comments | Continued
British Lamb Imported From New Zealand
“Anyway…as poor as the sheep business was, it got poorer in the ’80s. The British exported lamb to the French market…and they undercut our prices. Because they were part of the European Union, we couldn’t do anything about it. It’s a free trade zone. But the British couldn’t produce lamb that cheap either.
June 11th, 2009 | Bill Bonner | 4 comments | Continued
French Model of Economy Allows Meddling from the State
The French think they were right about everything. Iraq, for example. The French have deep ties to the Arab world. They knew Iraq would be a tar baby for the US – just like Algeria had been for them. You pick it up…you can’t put it down.
June 3rd, 2009 | Bill Bonner | 6 comments | Continued
Bad News for Bond Prices
The big news yesterday was the sell-off in the bond market. “All eyes on sudden spike in US Treasury yields,” says the headline in the Financial Times. The yield on the U.S. 10-year note rose above 3% for the first time in three months. The two-year note, meanwhile, moved above 1% yield. What does it mean? We are bearish on U.S. government paper – in all its forms…
February 11th, 2009 | Bill Bonner | 8 comments | Continued
Bastille Day: The French Revolution Didn’t Change Much
Think you’ve got trouble? Today is a public holiday in France. It marks the occasion when the mob rose up and broke into the Bastille, liberating a couple of half-wits and social deviants.
July 15th, 2008 | Bill Bonner | 3 comments | Continued
Looking Out the Car Window
Elizabeth was looking out the car window as we drove through rural Poitou, a region Southwest of Paris on the road, more or less, to Bordeaux.
February 26th, 2008 | Bill Bonner | 2 comments | Continued
