Greenspan’s successor wants to get his picture on the cover of TIME just as much as his former boss did. He’s determined to beat the bust. If he can do it, TIME will probably give him the Man of the Year award. If he can’t, he’ll probably get the ‘Schmuck of the Year’ award from us…
February 23rd, 2009 | Bill Bonner | 1 comment | ContinuedAll Posts Tagged With: "house prices"
Dr Gono or: How I Learned to Stop Worrying and Love the Inflation
The world’s financial authorities have a duty to maintain the integrity of the financial system…which means, maintaining the value of the currency. Those that lived through the ’70s have a horror of inflation. They feel they must fight against it…protect against it…and keep an eye out for it. Yet, in front of them is the worst financial crisis since the Great Depression…
January 30th, 2009 | Bill Bonner | 2 comments | Continued
Hangover Nation
Have you noticed? Bernie Madoff bears a striking resemblance to George Washington. And so goes the nation…from the man who couldn’t tell a lie, to the man who couldn’t tell the truth…
January 28th, 2009 | Bill Bonner | 11 comments | Continued
Australian House Prices Are Severely and Seriously Unaffordable
Let’s consider a new study on global housing affordability by Performance Urban Planning. The report concluded that Australia has the most unaffordable housing of all the nations surveyed. Not only that, but according to the report, Australia doesn’t even have a single urban area in which housing is merely “moderately unaffordable”…
January 27th, 2009 | Dan Denning | 312 comments | Continued
Mail From Our Dear Readers
Today’s Daily Reckoning is brought to you by your fellow readers. That is, your editor has been busy putting the finishing touches on the January issue of Diggers and Drillers. In the meantime, you can read some of the wit and wisdom of the DR Australia’s world-wide fan base. Happy Australia Day and see you Monday!…
January 23rd, 2009 | Dan Denning | 2 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
Housing Mistakes Embarrass the Rich
People bought houses they couldn’t really afford to own in places they couldn’t afford to live. And cars they couldn’t afford to run. Those mistakes need to be undone.
August 28th, 2008 | Bill Bonner | 1 comment | Continued
What if we have Begun a Major Bear Market on Wall Street?
Mr. Market always has a trick up his sleeve. What if his big surprise is that this downturn doesn’t go away after six months? What if house prices grind downward for five years… or more? What if we have begun a major bear market on Wall Street…
February 18th, 2008 | Bill Bonner | 0 comments | Continued
