“Figures released this week by the Federal Reserve showed that Americans owed $10.8 trillion on home mortgages at the end of the third quarter, down 2.2 percent from a year earlier and the lowest level since mid-2007.
December 15th, 2009 | Bill Bonner | 3 comments | ContinuedAll Posts Tagged With: "income"
The Pound is in Trouble
“Reason #3: Industrial production in the United Kingdom has maintained double-digit losses since January: -12.1%; February: -12.7%; March: – 12.6%; April: -12.4%; May: -11.9%; June: -11.1%. Without production, nothing sells. No sales.. no income. No income… no jobs.
August 31st, 2009 | Bill Bonner | 3 comments | Continued
Economists Agreed the Stimulus Was Working and the Recession Was Coming to an End
We don’t know when the recession will end…but we’re dead sure that those 53 economists interviewed by Bloomberg…and those at the Fed too…don’t know either. Few of them seem to have any idea what is really going on.
August 17th, 2009 | Bill Bonner | 2 comments | Continued
Central Bank Creates Excessive Amounts of Money to Expand Government Spending
But this is not about any of that, but about the way that the government has now “changed the way it accounts for natural disasters, such as Hurricane Katrina,” which ought to make you suspicious, especially as it was done for “eliminating much of the prior volatility in income calculations”, whatever in the hell that means.
August 11th, 2009 | Mogambo Guru | 0 comments | Continued
You Can Never Be Sure How Fabricated Income and Earnings Are These Days
For that, we recommend you go to the balance sheet to look at assets. But be warned! Not all assets are created equal. There are current assets. There are tangible assets. And there are “other assets.” What you really want to find out is how much a business can earn from its net tangible assets without increasing its borrowing or spending (capital efficiency).
August 11th, 2009 | Dan Denning | 5 comments | Continued
How to Boost Your Retirement Income
Yesterday we gave incoming IFSA boss John Brogden a serve for advocating an increase in mandatory super from 9% to 12%. In fairness, we should point that IFSA has released a new charter (not yet approved by member) that would phase out inbuilt commissions on managed funds starting in July of 2010. That’s a good start in realigning the interests of your super fund with your own financial interest.
July 16th, 2009 | Dan Denning | 5 comments | Continued
People Flee Back to the U.S. Dollar
But what you can’t count on is how much that cash will really be worth. And there lies the great trap for the lumpen investoriat. The lumpen, as you know, get their investment ideas from TV and the newspapers. The poor rubes are the last to buy in a boom and the last to sell in a bust.
July 6th, 2009 | Bill Bonner | 1 comment | Continued
