Extend and pretend…That’s the government’s way of handling the crisis. Extend credit and cash to those who don’t deserve it. Then, pretend that everything is okay…But the problems don’t go away. They just get stretched into the future…What did the feds do for GM? They took over the company.
September 6th, 2010 | Bill Bonner | 8 comments | ContinuedAll Posts Tagged With: "sales"
Should You Buy Gold Now?
The Trade of the Decade is still buy gold/sell stocks. And the decade isn’t over. If you have US stocks, this is a good time to sell. The Dow went up 63 points yesterday – a weak bounce after several days of losses.
September 7th, 2009 | Bill Bonner | 0 comments | Continued
The Pound is in Trouble
“Reason #3: Industrial production in the United Kingdom has maintained double-digit losses since January: -12.1%; February: -12.7%; March: – 12.6%; April: -12.4%; May: -11.9%; June: -11.1%. Without production, nothing sells. No sales.. no income. No income… no jobs.
August 31st, 2009 | Bill Bonner | 3 comments | Continued
