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 | ContinuedAll Posts Tagged With: "gm"
Gordon Brown Pronounces New World Order
“Nothing very important, but the media makes a big thing of it. They kept talking about that G20 meeting – as if they were going to change the whole world – New World Order and all that…but what could they change? These hotshots at the banks took some bad bets. Now they’ve got to pay for them. What’s all the fuss about?”
April 6th, 2009 | Bill Bonner | 1 comment | 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
The Law of Supply and Demand is Not Dependant Upon Congress
For us, it applies heavily to the advances of government into the field of business. It only makes sense: the occupants of the White House and the Capitol have done such a good job with their budgets over the years, they just want to help everyone else (over the cliff, that is).
April 2nd, 2009 | The Daily Reckoning | 1 comment | Continued
Cars Could be Designed by Congress
Yes, dear reader…here at The Daily Reckoning, we feel positively blessed. We are getting to see things we never thought we’d see: crash, depression, socialism, nationalizations…things that we’d read about in the history books.
April 2nd, 2009 | Bill Bonner | 1 comment | Continued
Temptation for the Investors
There’s nothing like a little temptation to get the juices flowing. A roulette wheel that seems to stop just where you thought it would…a pretty woman who smiles at you on the cross-town bus…a pastry as big as a sombrero and as rich as El Dorado – oh…Heaven forefend!
But the hardest temptation to resist is the temptation of getting something for nothing.
March 17th, 2009 | Bill Bonner | 0 comments | Continued
The World Needs More Richard Bransons
Not to be a Danny Downer, but arguably worse news comes out of Japan. There we learn that Japan ran its first current account deficit in 13 years-shocking news for an economy that’s driven by export growth. Exports fell a mind-boggling 46.3% from the year before.
March 10th, 2009 | Dan Denning | 1 comment | Continued
Substantial Doubt
But GM has friends in high places…ready to lean on the scales of Mr. Market’s justice. The automaker has already borrowed $13.4 billion. It is asking for another $30 billion. But what kind of a dope would lend $30 billion to a company whose own auditors say they’re worried that it might go out of business?
March 10th, 2009 | Bill Bonner | 0 comments | Continued
Wall Street Snubs Obama
The man who got the warmest welcome ever from the press and the public got the rudest brush off from Wall Street. It was the worst sell-off for an Inauguration Day in history. The Dow fell 332 points. Oil traded around $40. The dollar strengthened…to $1.28 per euro. O! Bama! Where is thy bounce? Perhaps it is already over…
January 22nd, 2009 | Bill Bonner | 4 comments | Continued
Budget Deficits Are Back in Fashion
That Axis advocated running a capital account surplus. It was partly to offset the rising current account deficit. But in some ways, the surplus in the capital account came about because of policies that encouraged debt and consumption, the very things that led to the current account deficit. The result was a boom in American financial services-while American manufacturing was shipped offshore…
November 20th, 2008 | Dan Denning | 0 comments | Continued