This is supposed to be a recovery. Everyone thinks it’s a recovery. All the papers say so. Investors are betting on it. Politicians and economists are congratulating themselves for it. The only trouble is, the things that need to recover so that there can be a genuine recovery are not recovering.
May 5th, 2010 | Bill Bonner | 5 comments | ContinuedAll Posts Tagged With: "los angeles"
Another Pile of Bills to Pay
Our cousin was calling to tell us about a house owned by another remote cousin. It’s a beautiful place. Built in the early 18th century by a rich planter…
April 8th, 2010 | Bill Bonner | 0 comments | Continued
Oil Prices Fall 77%
You’d also think that the 77% fall in oil prices from their all-time high would be unmitigated good news for consumers and the economy…
December 22nd, 2008 | Dan Denning | 0 comments | Continued
