Where do they get these ideas? What makes anyone think you can solve the problem of excess debt by lending people more money? Who is dumb enough to think that you can cure the problem caused by too much spending…by spending more?
December 4th, 2008 | Bill Bonner | 3 comments | ContinuedAll Posts Tagged With: "spending"
Hell, Meet Handbasket, Part II
When capital is allocated in a free market, it moves toward the productive, and the economy tends to prosper. By the same token, when it is misallocated, an economy can hit the skids. We’ve had decades of misallocated capital in the U.S. Instead of saving, we’ve been spending… way beyond our means.
November 14th, 2008 | Doug Hornig | 0 comments | Continued
The Economy’s Gone Into Rehab
World markets had been recovering from October’s drubbing. The Morgan Stanley index, which measures capital market performance around the globe, had risen 20% from last month’s lows. But yesterday, stocks got a drubbing again… with a big drop for the Dow… minus 486 points.
November 7th, 2008 | Bill Bonner | 0 comments | Continued
