The press attributed this week’s rise in gold to benign causes. The end of the world seems to have been postponed – indefinitely. Bloomberg reported that a clear majority of those polled thought the world economy was recovering.
September 14th, 2009 | Bill Bonner | 1 comment | ContinuedAll Posts Tagged With: "g20"
The Bubble Deniers Deny that Their Own Stimulus Caused it
In the non-communist world, if a man had money and no bread, he exchanged the former for the latter…and sat down to dinner. As if guided by an ‘invisible hand,’ millions of people did the same thing. Everyone tried to get a bit more grease on his plate, by making his own decisions based on the facts before him.
July 20th, 2009 | Bill Bonner | 9 comments | Continued
IMF Deems Gold An Idle Asset
The World Bank – which is a total failure, which is explained by it being a ludicrous clot of communists and socialists – never saw economic tragedy coming, either, and estimates that “over 90 million people may be pushed into poverty in the global economic turmoil.”
April 28th, 2009 | Mogambo Guru | 0 comments | Continued
Jim Cramer Says The Depression is Over
But as far as we can tell, the rally is still underway. The G20 meeting is widely seen as a triumph. The money is flowing. People think we’ve seen the bottom.
April 8th, 2009 | Bill Bonner | 3 comments | Continued
Is the Technical Rebound Over Already?
” Most of the market players who made quick and decent money during the past few weeks do not believe in a deep reversal trend on the markets,” Gabriel wrote. “They just took advantage of a technical rebound that already drove the S&P/ASX 200 twenty percent higher than the lows posted early March.
April 7th, 2009 | Dan Denning | 6 comments | Continued
Economy Not As Bad As Expected
The world is NOT going to Hell in a handcart. After a long time spent in the handcart, it is finally getting out and standing on its two feet. Americans are beginning to save again. The Chinese are beginning to look for other places to sell their gadgets and paraphernalia.
April 3rd, 2009 | Bill Bonner | 1 comment | Continued
G20 Was About Big Government Getting Bigger
“Governments know only one way of holding back recession. What do you suppose it is? Yes, the only solution they can think of is to continue the inflation. The ‘boom’ is regenerated with more bank credit and government subsidies. Companies appear to come to life again.”
April 3rd, 2009 | Dan Denning | 6 comments | Continued
IMF Gold to be Used
What’s more, Mr.Brown’s and the other top 19 world leader have agreed “not 100 billion but $250 billion of trade finance…provided over the next 2 years through export credit agencies, including $50bn through the new World Bank initiatives…”
April 3rd, 2009 | Adrian Ash | 3 comments | Continued
The Dollar’s Last Days
Last week, a decimal point seemed to move to the left. A UN advisory panel had suggested that maybe it was time to figure it out a better way to run the world’s monetary system. Better, that is, than using the U.S. dollar as the reference currency for the whole world.
March 31st, 2009 | Bill Bonner | 6 comments | Continued
Australia Will be Affected By China’s Export Shrinkage
The major economic news released yesterday is at odds with the way the market behaved. We’re talking about the news from China that exports dropped 25.7% in February. Imports were down 24.1%. If China makes and the world takes, China is making less because the world is taking less. And of course, China takes from Australia to make for the rest of the world….
March 12th, 2009 | Dan Denning | 0 comments | Continued