Why not? Wait a minute…you already know the answer to that question. Because it’s a depression. It’s the end of the road for the consumer credit economy. Consumers did their best.
October 19th, 2009 | Bill Bonner | 1 comment | ContinuedAll Posts Tagged With: "stock market investors"
Americans Aren’t Borrowing Or Buying
This is the story we’ve been telling here at The Daily Reckoning for two years. Americans have to cut back. They are out of time and out of money.
October 13th, 2009 | Bill Bonner | 1 comment | Continued
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
Obama: One of the Great Men of History?
There are two broad theories concerning the great men of history. One says that history is made by great men. The other says great men are made by history.
May 13th, 2009 | Bill Bonner | 2 comments | Continued
Inflation vs. Deflation: Which Way Will This Tug-of-War Go?
That’s the trouble with this battle between inflation and deflation – many of the soldiers don’t seem to know what side they’re on! When speculators unload dollars, it doesn’t have the effect on U.S. lending rates that Bernanke intends.
April 8th, 2008 | Bill Bonner | 0 comments | Continued