In the wake of this change of heart on the part of our leaders, Americans found themselves bombarded with a predictable and relentless refrain: the free market economy has failed.
May 6th, 2009 | Thomas E. Woods, Jr. | 2 comments | ContinuedAll Posts Tagged With: "NASDAQ"
When Gold Ruled the Earth, Part I
NO FOOLING! It doesn’t matter which currency you earn, spend or invest, gold bullion has been the best-performing asset class bar none this decade.
April 2nd, 2009 | Adrian Ash | 3 comments | Continued
Capitalism Has to Do its Work
Our phone rang yesterday. You know, the hotline we set up to help Treasury Secretaries and Finance Ministers cope with the problems of the global financial meltdown?
We picked it up…it was Tim Geithner!
April 2nd, 2009 | Bill Bonner | 0 comments | Continued
U.S. Stocks Concentrate on Present Bond Market Data
Maybe investors were relieved that the auction of US$24 billion in seven-year notes went off without a hitch. It’s always good to know your creditors haven’t cut you off yet-especially when you need to borrow another $2 trillion. It’s no wonder the Dow rallied 174 points and the NASDAQ climbed into positive territory for the year.
March 27th, 2009 | Dan Denning | 2 comments | Continued
The Outrage Over AIG and Their Bailout Money
Under pressure, AIG revealed what it did with the bailout money. It came as no shock to us to discover Goldman Sachs at the top of the list of recipients. Goldman’s main man was in the room with the feds – the only representative of Wall Street – when the decision was made to rescue AIG. What’s more, the feds’ main man at the time – Hank Paulson – also used to be the top honcho at Goldman.
March 18th, 2009 | Bill Bonner | 1 comment | Continued