What’s more, the emergence of the gold exchange traded funds (ETFs) has put a huge portion of the gold market in a very small number of hands. If the ETFs sell…who will they sell to? Or more succinctly, a lot of the gold demand is coming from a few institutions. If other institutions (central banks and sovereign wealth funds) don’t pick up the slack, there will be more sellers than buyers and prices will fall.
October 7th, 2009 | Dan Denning | 3 comments | ContinuedAll Posts Tagged With: "free market"
Can China Change the Rules of Global Capitalism?
For example, it appears China is beginning to throw its considerable economic weight around. It’s doing so in a tentative, experimental manner, not sure if it will offend but not seeming to care all that much. And why should it? The world is perfectly happy to do business with the largest emerging market of the next fifty years. Other issues-human rights, the environment, and the Rule of Law-are secondary.
July 13th, 2009 | Dan Denning | 5 comments | Continued
The War On Capitalism Continues
Will the government’s War on Capitalism turn out better than their War on Terrorism? Or their War on Drugs? Or their War on Poverty?
May 8th, 2009 | Bill Bonner | 1 comment | Continued
Free Market Capitalism, The God That Failed
Free market capitalism is the “god that failed,” writes Martin Wolf. Thus does Financial Times lead off a feeble chorus of lament in its “Future of Capitalism” series. What do we do now? is the question. Can capitalism be tamed? Can it be harnessed? “Yes we can!” says America’s president.
March 23rd, 2009 | Bill Bonner | 9 comments | Continued
A Time of Contradictions, Paradoxes and Oxymorons
The socialists are the only ones protecting the free market, now. Americans are scuttling it with every chance they get. The stocks of capitalist companies are going up in communist China…but in America, they’re going down. Since November, the Shanghai index has outperformed the S&P by 75%.
March 6th, 2009 | Bill Bonner | 2 comments | Continued
Stock Market Continues Its Recovery
Yesterday, the stock market continued its recovery. The Dow was up 247 points. Oil sank to $54. Gold lost $7.40 to come to rest at $811…
November 28th, 2008 | Bill Bonner | 4 comments | Continued
Housing Prices Are Still Going Down
The latest news from America tells us that housing prices are still going down in 4 out of 5 cities. Homebuilders’ wives are hiding the shotguns and pouring out the whiskey…
November 20th, 2008 | Bill Bonner | 6 comments | Continued
Hell, Meet Handbasket, Part II
When capital is allocated in a free market, it moves toward the productive, and the economy tends to prosper. By the same token, when it is misallocated, an economy can hit the skids. We’ve had decades of misallocated capital in the U.S. Instead of saving, we’ve been spending… way beyond our means.
November 14th, 2008 | Doug Hornig | 0 comments | Continued
Ranting Against Free markets and Wall Street
Obama is positioning himself as the Franklin version: ranting against free markets and Wall Street. McCain prefers Teddy – an interventionist too…
September 23rd, 2008 | Bill Bonner | 0 comments | Continued
Americans Used Their Economic Freedom to Ruin Themselves
The two great political figures of the last thirty years were Mrs. Thatcher and Mr. Reagan. These titans from the two sides of the Atlantic led the way to a new idea of how the world should work. Thenceforth, capitalism was king. But it was a new kind of capitalism they had crowned, one with a strange, unnatural face. It was not the old free enterprise, king of the jungle, red in tooth and claw.
March 31st, 2008 | Bill Bonner | 27 comments | Continued