The bubble of the pre-2007 period was pumped up by consumer spending financed by housing debt. Ain’t no way that can happen any time again soon.
December 9th, 2009 | Bill Bonner | 4 comments | ContinuedAll Posts Tagged With: "Main Street"
Buying Before Main Street Catches Gold Fever Only Way to Play Trend
First, let’s look at gold. If we added up all the gold ever mined on the planet, its total value would equal no more than $5 trillion at today’s prices.
November 26th, 2009 | Jeff Clark | 2 comments | Continued
Possible Second Round of Panic Hitting Financial Markets
But what about Main Street, what’s going on there? According to the Westpac-Melbourne Institute consumer index released yesterday, Australians were exactly 8.3% more confident in early April than they were in April March. See what a dose of low petrol prices, declining interest rates, and government cash can do for you?
April 9th, 2009 | Dan Denning | 14 comments | Continued
