In the wake of this change of heart on the part of our leaders, Americans found themselves bombarded with a predictable and relentless refrain: the free market economy has failed.
May 6th, 2009 | Thomas E. Woods, Jr. | 2 comments | ContinuedAll Posts Tagged With: "global economy"
The Big Question: What is the Aussie Gold Price Doing?
Speaking of gold, the U.S. gold price jumped up $14.10 to trade back over $900 again. It was the first time old yeller metal has traded there in three weeks. The World Gold Council reported that inflows of gold into exchange traded funds were 456 tonnes for the first quarter of the year. That compared to 321 tonnes for all of last year. ETF demand for gold is definitely one of the short-term drivers of the gold price…
April 24th, 2009 | Dan Denning | 4 comments | Continued
Federal Reserve Wants to Debase the U.S. Dollar
Last week, Mr. Bernanke announced that the Federal Reserve would buy $300 billion worth of U.S. Treasuries and another $700 billion worth of government-agency mortgage debt. In order to finance these purchases, the Federal Reserve would simply create this money out of thin air.
March 27th, 2009 | Puru Saxena | 7 comments | Continued
The Retail Collapse Continues
The retail collapse in the U.S. continues. It’s Armageddon for the sellers of stuff. Bloomberg reports that, “The International Council of Shopping Centres in New York predicts 73,000 U.S. stores may shut in the first half of 2009 after what may have been the worst holiday-shopping season in 40 years.” Your editor strolled though a massive retail space in Colorado last week, the Flatirons crossing mall…
January 5th, 2009 | Dan Denning | 0 comments | Continued
Downscaling of the Global Economy
That’s the basic plot of almost every financial story you read in the paper and see on the news every day – the deleveraging…the unwinding…the downscaling of the world economy…
October 23rd, 2008 | Bill Bonner | 1 comment | Continued