We were suspicious of the recent improvement in the unemployment numbers provided by the US Government. And of the news that consumers were going into debt to shop, again. The data were inconsistent with the “Great Correction.”
January 18th, 2012 | Bill Bonner | 3 comments | ContinuedAll Posts Tagged With: "President Obama"
US Military Power and The “After America” Blowback for Australia
The United States government has decided it can no longer afford to fight two land wars at the same time. Australians interested in what the next twenty years of gradually weaker US military power will look like ought to have a read.
January 9th, 2012 | Dan Denning | 8 comments | Continued
FATCA, Defense Bills and Our Dwindling Freedom
“Poor America…” writes a French friend. “It’s not the land of the free anymore. Now, it’s the land of slaves.”
The FATCA law (Foreign Account Tax Compliance Act) will force banks across the globe to collaborate with the IRS. Here’s an explanation of the huge repercussions this legal precedent will have on banks and banking clients…
December 20th, 2011 | Bill Bonner | 6 comments | Continued
We Don’t Expect to See Australian Banks Suddenly Keen to Expand their Loan Books
Maybe this will sound like a bunch of whining by the end of the week. After all, three of the big four Aussie banks will report results this week. There will be billion dollar cash profit figures tossed around. But as we said last week, the earnings performance of financial firms in the last six months is a sham.
September 28th, 2009 | Dan Denning | 5 comments | Continued
Debt Built Up to Levels Even Obama Says Are “Unsustainable”
And then, all that debt that they built up over the last quarter century is a problem. It has to be paid down to the point where it isn’t a problem. And that means the obvious thing – people have to cut back on their spending.
May 20th, 2009 | Bill Bonner | 0 comments | Continued
