But there are some strange and perplexing crumbs to collect from news reports this morning. Yesterday we learned that for the first time in 70 years, yields on 90-day U.S. government securities were briefly negative. Investors – if you can call them that – were happy to loan money to the U.S. government for 90 days – and lose money.
November 25th, 2009 | Dan Denning | 20 comments | ContinuedAll Posts Tagged With: "Great Depression"
Everyone is Busily Debasing Their Currency
There is a risk in holding cash in an environment of asset price inflation – a condition that usually occurs when governments create large fiscal deficits and inflate the money supply.
November 12th, 2009 | Dr. Marc Faber | 2 comments | Continued
New York Will No Longer be Among World’s Five Largest Cities
There are some big changes afoot in the world’s cities. These changes will create enormous opportunities for investors that a previous generation could barely imagine.
November 10th, 2009 | Chris Mayer | 1 comment | 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
Paying Off Debt is Like Dying…
Voters don’t like hearing about debt. Politicians don’t like talking about it. And economists don’t want to think about it.
October 19th, 2009 | Bill Bonner | 5 comments | Continued
Inflation is an Artifice Caused by Government
Central banks ‘target’ a certain level of inflation because they think – or say they think – that a bit of inflation helps create full employment.
October 6th, 2009 | Bill Bonner | 2 comments | Continued
When it Comes to Economic Health, Nothing Beats a Depression
According to a pair of researchers from the University of Michigan, a depression does more for longevity than diet or exercise.
October 5th, 2009 | Bill Bonner | 0 comments | Continued
China Rises While United States Declines
“The future will be a total disaster, with a collapse of our capitalistic system as we know it today, wars, massive government debt defaults and the impoverishment of large segments of Western society,”
October 1st, 2009 | Bill Bonner | 9 comments | Continued
We Don’t Expect to See Australian Banks Suddenly Keen to Expand their Loan Books
Maybe this will sound like a bunch of whining by the end of the week. After all, three of the big four Aussie banks will report results this week. There will be billion dollar cash profit figures tossed around. But as we said last week, the earnings performance of financial firms in the last six months is a sham.
September 28th, 2009 | Dan Denning | 5 comments | Continued
You Can Have a Deadly Depression and Dizzying Levels of Inflation Simultaneously
“Inflation can and did occur during a depression, and that inflation was strictly a monetary phenomenon…”
September 24th, 2009 | Bill Bonner | 5 comments | Continued
Capitalism is Inherently Unstable
“‘Minsky’ was shorthand for Hyman Minsky, a hitherto obscure macroeconomist who died over a decade ago. Many economists had never heard of him when the crisis struck, and he remains a shadowy figure in the profession.
September 18th, 2009 | Bill Bonner | 21 comments | Continued
Feds Want to Increase the Money Supply and Induce People to Spend Money
The question is when. Our view is that they’ll get more than they expect, but later than they want it. We’re looking for another crack in stocks…followed by more fear and loathing in the economy. This will have two major effects…
September 11th, 2009 | Bill Bonner | 0 comments | Continued
September is the Worst Month for the Stock Market
In fact, the S&P has declined in 11 of the past 20 Septembers. You may be inclined to say, “That’s not so impressive.” But an average decline of 10 points is something worth noting.
September 4th, 2009 | Bill Jenkins | 3 comments | Continued
The Destruction of the Dollar by the Federal Reserve
Then, on the “quiet 23rd of December in 1913″, J.P. Morgan and buddies got Congressional quislings to pass legislation authorizing the creation of the Federal Reserve, and to which I add that the jerk Woodrow Wilson then signed it…
September 1st, 2009 | Mogambo Guru | 1 comment | Continued
Ben Bernanke is a Victim of the Trade
This week, Ben Bernanke got the nod for another stint as head of the world’s most important central bank. Yes, he completely misunderstood the implications of the hugely negative US trade balance, believing that America did the world a favor…
August 31st, 2009 | Bill Bonner | 0 comments | Continued
