Governments and central banks have managed to engineer some more spin, but only at the expense of piling more debt on top of the already wobbling structure.
March 6th, 2010 | Nickolai Hubble | 2 comments | ContinuedAll Posts Tagged With: "j.p. morgan"
Does Greece 2010 = Austria 1931?
Being part of the Eurozone, Greece does not have the option to devalue. Granted, such a policy is not a panacea. Interest rates would skyrocket and asset prices plunge.
February 18th, 2010 | Greg Canavan | 1 comment | Continued
Gold is Money
Gold’s recent breach of the symbolic US$1,000 level has elicited a predictable amount of commentary from mainstream analysts. The problem is, much of it is ill-informed.
September 15th, 2009 | Greg Canavan | 0 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 | 0 comments | Continued
The 1907 Panic
It is worth studying the 1907 panic. It was a global panic, though not the first panic to have a global character. The French Mississippi Bubble and the English South Sea Bubble both burst in 1720, and that was nearly two centuries before the panic of 1907.
April 30th, 2009 | William Rees-Mogg | 1 comment | Continued
Citi Reports $4.69 Billion in Fixed Income Trading
So the banks have returned to profitability have they? That was the theme on the market last week. And if it were true, a recovery in bank balance sheets is just the sort of thing that might precede a recovery in the economy. But it probably isn’t true. Here’s why…
April 20th, 2009 | Dan Denning | 22 comments | Continued
The Geithner Plan
Investors appeared to absolutely love the U.S. Treasury Secretary’s plan to subsidise private sector purchases of toxic bank assets. The Dow closed up nearly 500 points, or 6.8%. The S&P closed up seven percent. The move gave stocks in New York their best two-week gain since 1938, according to Bloomberg.
March 24th, 2009 | Dan Denning | 8 comments | Continued
We Are Such Optimists
After the initial lows were hit in the Crash of 1873, a rebound continued until May of the following year. After the Crash of ‘29, the rebound continued until late April of the following year. In the case of the 1873 sell-off, the final low was not hit until four years later, and in the case of the ‘29, the final low was hit in 1932, with stocks 90% below their peaks.
February 27th, 2009 | Bill Bonner | 0 comments | Continued
U.S. Government Has Bought into 9 Major U.S. Banks
Yesterday, Paulson said he wanted to take over the banks “as soon as possible.” Today, Bloomberg says the U.S. government has already bought into 9 major U.S. banks…
October 15th, 2008 | Bill Bonner | 2 comments | Continued
Where is J.P. Morgan When We Need Him?
In October, 1907, J.P. Morgan was 70 years old…and attending a church meeting in Richmond when the importance of the sacred was disturbed by the urgency of the profane…
October 13th, 2008 | Bill Bonner | 1 comment | Continued