House prices were up 6.2% in the third quarter over the same time last year, according to data from the Australian Bureau of Statistics. House prices in the capital cities are surging. Stocks are surging. Gold and oil are surging.
November 17th, 2009 | Dan Denning | 3 comments | ContinuedAll Posts Tagged With: "gdp"
Gorbachev and the Most Complete Test in Economic History
Readers may know Mikhail Gorbachev as a fellow who advertises Louis Vuitton luggage. But before he made it big as a mannequin, he was the top man in the Soviet Union. It was not an easy job.
November 16th, 2009 | Bill Bonner | 6 comments | Continued
$2,000 Gold Prediction
The weekend edition of the Australian Financial Review has gold on the cover, incidentally. You can see a picture of it a few paragraphs down. Underneath the giant golden letters it reads, “Why you shouldn’t laugh about gold hitting $US2000 an oz.” But if anyone’s laughing, it’s a nervous laughter.
November 16th, 2009 | Dan Denning | 8 comments | Continued
Japan and its Economy Did Not Have Secret to Everlasting Success
Let’s see, in the 1980s Japan’s corporate leaders thought they were going to take over the world. Investors thought so too. They expanded. They wheeled. They dealed. Prices shot up and they all thought they were geniuses.
November 13th, 2009 | Bill Bonner | 13 comments | Continued
Major Premise That Government Economists Can Improve Workings of a Free Economy
That leads people to believe that the feds have pulled off a save…they’ve now got the economy well along on the road to recovery…the recovery is getting stronger as time goes by…
November 12th, 2009 | Bill Bonner | 5 comments | Continued
We Can Expect More and More People to Want to Own Gold
Gold seems to be advancing towards a new milestone – $1,100. Makes us nervous. We always feel more comfortable out in the wide, open spaces…
November 9th, 2009 | Bill Bonner | 1 comment | Continued
Stocks, Bonds and Economy All Bounce
And if we’re following the Japanese experience, with a long, slow on-again/off-again period of depression, we can expect some quarters of growth, followed by quarters of non-growth.
November 9th, 2009 | Bill Bonner | 0 comments | Continued
U.S. Treasury Auctioning Off $81 Billion in New Debt
You have to wonder who is willing to loan money to the United States government – given the state of its fiscal and monetary policies – for thirty years at below 5%.
November 9th, 2009 | Dan Denning | 0 comments | Continued
U.S. Government Must Roll Over $3.4 Trillion in Debt Over Next Four Years
And if America can’t find anyone willing to finance its deficits, what then? Well, the luxury of issuing debts in the currency you also print is that you can print money to pay for them. Technically, you can never become insolvent when you enjoy this privilege. The Fed, for example, can create new money to buy debt issued by the Treasury, funding deficits ad infinitum.
November 3rd, 2009 | Dan Denning | 5 comments | Continued
What’s the Best Way to Get Through a Debt Crisis?
For at least a thousand years, the business cycle went round and round without help from central bankers or economists. It is only since these geniuses have been on the case that really serious problems have arisen.
November 2nd, 2009 | Bill Bonner | 4 comments | Continued