And that assumes there is no big increase in interest rates…and that the economy recovers as planned. If either of those things fails to happen, the situation will degrade fast.
October 26th, 2009 | Bill Bonner | 0 comments | ContinuedAll Posts Tagged With: "stimulus money"
The American Empire Depended on Trade…and the Dollar
We would name the period between the fall of the Berlin Wall and the fall of Lehman Bros – a period of only 19 years – as the peak of US power and wealth. Of course, Americans were dreaming during those years.
September 14th, 2009 | Bill Bonner | 3 comments | Continued
When the Stimulus Money Stops Flowing Will the Recession Get Worse?
CNN’s bailout tracker reports that US government stimulus has totaled $2.8 trillion so far this year, with another $8.2 trillion in commitments. Most of this money has gone to the financial sector.
September 11th, 2009 | Chris Mayer | 0 comments | Continued
