There was a crash and credit crunch at the end of last year. Then, the feds panicked. They fought back with monetary and fiscal stimulus. Rates were cut to nearly zero. The Fed flooded the system with cash and easy credit – buying up Wall Street’s bad investments…propping up bad banks…and guaranteeing trillions worth of bad debt.
July 16th, 2009 | Bill Bonner | 0 comments | ContinuedAll Posts Tagged With: "stock markets"
Can China Change the Rules of Global Capitalism?
For example, it appears China is beginning to throw its considerable economic weight around. It’s doing so in a tentative, experimental manner, not sure if it will offend but not seeming to care all that much. And why should it? The world is perfectly happy to do business with the largest emerging market of the next fifty years. Other issues-human rights, the environment, and the Rule of Law-are secondary.
July 13th, 2009 | Dan Denning | 5 comments | Continued
Alan Greenspan Says “the Seeds of a Bottoming” Becoming Visible
Speaking to a National Association of Realtors summit, Greenspan said there were reasons to believe that bulging inventories of unsold homes were dwindling and that should bring some stability to prices.
May 15th, 2009 | Bill Bonner | 2 comments | Continued
UAW Bosses and Federal Bureaucrats Announce Five Year Plan
Chrysler has gone broke. Meanwhile, over at GM, the new owners – the feds and the unions – are already working hard to bring the automaker into line with the new patrons’ program.
May 4th, 2009 | Bill Bonner | 0 comments | Continued
This Isn’t a Recession
Looking back at the Dow…if you take the market peak of January 2000 as the long-term cyclical top…you might expect an eventual bottom 10- 20 years later…and then a new bull market that would return prices to their peak highs 10-20 after that. Between the high of ‘29 and the next major high in ‘66 was 37 years. Between the ‘66 high and the ‘00 high was 34 years.
March 10th, 2009 | Bill Bonner | 3 comments | Continued
General Market, the Master of the Field
For the last year and a half, General Market has been master of the field. He’s rolled back the fixers everywhere. The world’s stock markets have suffered defeat after defeat – wiping out about half their wealth, about $30 trillion worth. Even markets thought to be “decoupled” with those of the Western world – such as China and India – fell right over as soon as General Market attacked.
February 10th, 2009 | Bill Bonner | 0 comments | Continued
Stock Markets All Over the World are Getting Whacked
It was dumb money that was buying stocks at their all-time peaks. Not only in the United States, but everywhere…
July 8th, 2008 | Bill Bonner | 1 comment | Continued