One of the positive indicators, Frank Holmes says, is that the current recession is now 13 months old, whereas the worst recessions since the Great Depression only lasted 16 months (and there were two of them: 1973-75 and 1981-82). Then he quickly defuses the situation by saying, “Just because every recession since the 1930s ended in 16 months or less doesn’t mean this one has to as well”…
February 5th, 2009 | Mogambo Guru | 1 comment | ContinuedAll Posts Tagged With: "good news and bad news"
Good News and Bad News: Inflation in the Housing Markets
That is the trouble with inflation – even inflation in the housing markets. Ceteris paribus, inflation reduces the real value of both assets and time. Most Americans no longer have much in the way of assets. The big, post-Reagan boom, 1982-2007, discouraged saving.
February 28th, 2008 | Bill Bonner | 2 comments | Continued