Let’s see, the Wall Street insiders made billions in bonuses and fees during the Bubble Epoque - and they were smart enough to take the money off the table…
December 3rd, 2008 | Bill Bonner | 1 comment | ContinuedAll Posts Tagged With: "recession"
Stock Market Treats Sage of Omaha Roughly
What evil omen has the market noticed? What devil-on-the-loose does it fear? What plague, what war, what depression, what bankruptcy, what hyperinflation… did we say ‘hyperinflation’? Wait a minute. We’re getting ahead of ourselves. Whatever the world’s stock markets see - it must be a damnable mess… as if the world didn’t have a future.
November 25th, 2008 | Bill Bonner | 0 comments | Continued
Recession for the Japanese Economy Once Again
The Japanese economy is once again in recession. As if the poor Japanese investor hadn’t had misery enough! He’s been beaten up for the last 18 years. He was whacked when Japan, Inc. went bust in 1990. He was smacked when stocks fell 70%- 90% during the ’90s. He was racked with pain when property collapsed to as little as one-tenth its late ’80s value. He was starved for yield when the Japanese Central Bank dropped its policy rate to zero…
November 24th, 2008 | Bill Bonner | 2 comments | Continued
Building a Financial Panic Room
What is a financial panic room and what goes in it? Well, it’s a room in which you could put all your assets to ride out the duration of the bear and the depression. They would be safe and some secure from further damage. You would also have water, tinned food, and some good books (The Law by Bastiat, Human Action by Mises, What Has the Government Done to Our Money by Rothbard, and Twenty Thousand Leagues Under the Sea, by Jules Verne)…
November 21st, 2008 | Dan Denning | 1 comment | Continued
Europe and Japan are in recession
It’s official, for what it’s worth. Both Europe and Japan are in recession. The Eurozone contracted by 0.2% for the second straight quarter. Germany (the largest economy in Europe) and Italy (fourth largest) both shrank in the third quarter. Japan’s economy-the world’s second largest-shrank by almost half a percentage point in the third quarter.
November 18th, 2008 | Dan Denning | 3 comments | Continued
Bear Market to Last at Least Five Years
The first is that the bear market on Wall Street is entirely likely to last for as long as five years. Of course, the recession in the economy could be shorter, though there is no guarantee of that. The second is that we may have to expect a relatively long period of high dividend yields and high price-earnings ratios.
November 14th, 2008 | William Rees-Mogg | 7 comments | Continued
European Governments of the Eurozone are Separately Responsible for Their Euro-debt
About a year or two ago, I expressed a doubt that the euro could survive a major shock, such as had repeatedly occurred in the Europe of the twentieth century. I mentioned the two World Wars, the Russian Revolution and the Great Depression as three events which would probably have led to a break up of a single European currency…
November 6th, 2008 | William Rees-Mogg | 1 comment | Continued
Do the Facts Support Impending Inflation?
Today we ask whether we’ve got it all wrong. We pause to examine whether or not our prediction of impending inflation is consistent with what’s actually going on in the markets. It’s one thing to keep saying it. But do the facts support it? More on that in a moment. First, Warren Buffett once paraphrased Ben Graham, saying that in the short-run the stock market is a voting machine but in the long-run it’s a weighing machine.
October 20th, 2008 | Dan Denning | 2 comments | Continued
Australian Recession in the Works? Ask the Sharemarket
All along it’s been assumed the fall in Australian shares is related to the credit crisis. But what if the stock market is actually forecasting an Australian recession? The stock market is a leading indicator. Shares lead the economy. So if shares are heading down, is the market telling us the Australian economy will soon follow into recession? It might seem counter-intuitive. After all, the country just racked up its highest trade surplus in 11 years last month.
October 3rd, 2008 | Dan Denning | 3 comments | Continued
The Country is Going into a Recession with its Finances in the Worst Shape Ever
As we keep saying, democracy is fine, as long as you don’t take it seriously. The candidates for the White House job are eager to show voters that they are patriotic, religious and right-thinking men…
July 3rd, 2008 | Bill Bonner | 3 comments | Continued