“Decade of pain predicted for public services,” was the headline on Friday’s Guardian from London. The reason for the decade of pain is the obvious one. Tax receipts are down – because of the depression. Governments are caught in a bind.
July 28th, 2009 | Bill Bonner | 0 comments | ContinuedAll Posts Tagged With: "revenues"
Citi Reports $4.69 Billion in Fixed Income Trading
So the banks have returned to profitability have they? That was the theme on the market last week. And if it were true, a recovery in bank balance sheets is just the sort of thing that might precede a recovery in the economy. But it probably isn’t true. Here’s why…
April 20th, 2009 | Dan Denning | 22 comments | Continued
