Sticking with the basics, what we notice is that stocks, bonds and commodities move in broad patterns that last for many years. Not to put too fine a point on it, but they go up and then they go down. Or vice versa. Just looking at the last 50 years, stocks were very expensive in 1966.
August 4th, 2009 | Bill Bonner | 0 comments | ContinuedAll Posts Tagged With: "profits"
No Evidence of Recovery as Unemployment Getting Worse
The depression darkens because people are not just being laid off – their jobs are disappearing. They do not get called back to work. Instead, they stay unemployed until they run out of unemployment benefits…
July 27th, 2009 | Bill Bonner | 0 comments | Continued
Dividends and a Sea Change in Corporate Behaviour Toward Shareholders
Maybe we’re getting ahead of ourselves with the idea that Aussie companies will begin boosting dividends to attract shareholders. After all, Bloomberg reports that Aussie firms tapped the equity markets for over $90 billion in capital in the last fiscal year. It’s what you do when you’re rebuilding your balance sheet and paring back debt.
July 8th, 2009 | Dan Denning | 1 comment | Continued
A Long Time Before Investors Will Gamble on Housing Debt
USA Today opens with a cover story on “the new homeless.” There’s a photo of a 53-year-old man sitting in his tent. It’s a “temporary situation,” he says. But the tent city in Pinellas County, Florida, may be home for longer than he expects.
May 7th, 2009 | Bill Bonner | 0 comments | Continued
Begging the Question: Recovery to What?
Does it mean that American “consumers” (so-called) are awaited momentarily in the flat-screen TV sales parlors with their credit cards fanned-out like poker hands, ready for “action?” Not too likely with massive non-performance out in cardholder-land, and half the nation’s electronics inventory wending its way onto Craig’s List.
April 17th, 2009 | James Howard Kunstler | 29 comments | Continued
Gold Ratios: Bearish for Gold Prices, Bullish for Gold Shares
It is obvious that through this crisis, despite some turbulence, gold prices have held up better than just about any other asset, commodity or currency (other than dollars and yen) we may imagine. From the point of view of a gold miner, this is a very good thing. Even better is that the price of oil, a significant cost input for miners, has fallen a lot relative to gold. This is bullish for margins…
February 4th, 2009 | Ed Bugos | 1 comment | Continued
Macquarie Group (ASX:MQG) Profits Fall By 43%
Macquarie Group (ASX:MQG) told investors yesterday that its profit fell by 43%, thanks to write downs in assets. It was the first time since going public twelve years ago the “Millionaire Factory” has reported an earnings decline. Still, the $604 million profit number was higher than what analysts were expecting ($594 million) and the stock finished up over 16.5% on the day…
November 19th, 2008 | Dan Denning | 2 comments | Continued