In 1949, the Soviets and the Allies divided Germany into two parts. One part followed a traditional capitalistic path to reconstruction. The other part took the socialist road.
November 10th, 2009 | Bill Bonner | 0 comments | ContinuedAll Posts Tagged With: "Goldman"
Have the Feds Given the Economy a Miracle Drug?
Twenty years ago today…the Berlin Wall came down. This marked the end of the greatest controlled experiment in economics ever conducted. What did economists learn? Nothing…
November 10th, 2009 | Bill Bonner | 0 comments | Continued
Separating the Short-term Trends in Financial Markets from the Long-term Trends in Geopolitical History
The Dow Jones slipped under 10,000 at the end of the day Wednesday largely because analyst Dick Bove changed his call on Wells Fargo from “neutral” to “sell.” Bove said the quality of the company’s third quarter earnings was, “pretty poor.” “If you take a close look at the earnings, what you can see is that the improvement is due to a hedging profit…
October 22nd, 2009 | Dan Denning | 4 comments | Continued
Investment Banks Making Money Thanks to US Government Bailouts
Meanwhile, the Bank of America is a real bank. With real mom and pop customers. And the poor moms and the poor pops are going bust. They can’t pay their bills.
October 20th, 2009 | Bill Bonner | 0 comments | Continued
China’s Economy is Now Freer and More Competitive than the United States
Then, over the next two decades, whenever the Chinese stood up…Mao shot them down himself. Mao’s long march to power was a huge setback for human political progress – if there is any.
October 2nd, 2009 | Bill Bonner | 0 comments | Continued
Gorgon LNG Deal with China a Really Big Deal
Well just a day after highlighting the size and scope of the Gorgon LNG project in Western Australia, we have news that it really is a big deal. It is so big, in fact, that Martin Ferguson, the Federal Minister for Energy and Resources, said Australia is emerging as an “energy superpower.”
Shazzam!
August 19th, 2009 | Dan Denning | 5 comments | Continued
If the Economy is Not Recovering It Isn’t Getting Enough Stimulus
But the big story? Stimulus!
Here is the International Herald Tribune on Monday:
“More Stimulus is Needed to Spark a Strong Recovery,” is the headline. According to the IHT, stimulus is working. And it will work even better if there were more of it.
August 10th, 2009 | Bill Bonner | 7 comments | Continued
No Evidence of Recovery as Unemployment Getting Worse
The depression darkens because people are not just being laid off – their jobs are disappearing. They do not get called back to work. Instead, they stay unemployed until they run out of unemployment benefits…
July 27th, 2009 | Bill Bonner | 0 comments | Continued
What’s Good for Goldman is Generally Bad for the Country
Goldman makes money by separating investors from their money. Nothing wrong with that; someone has to do it. But the big banks are most profitable when speculation is rampant and debt is growing. That is, when people are going further and further into debt…
July 27th, 2009 | Bill Bonner | 1 comment | Continued
Feds Have Economy on Life Support
There was a crash and credit crunch at the end of last year. Then, the feds panicked. They fought back with monetary and fiscal stimulus. Rates were cut to nearly zero. The Fed flooded the system with cash and easy credit – buying up Wall Street’s bad investments…propping up bad banks…and guaranteeing trillions worth of bad debt.
July 16th, 2009 | Bill Bonner | 0 comments | Continued