Goldman makes money by separating investors from their money. Nothing wrong with that; someone has to do it. But the big banks are most profitable when speculation is rampant and debt is growing. That is, when people are going further and further into debt…
July 27th, 2009 | Bill Bonner | 1 comment | ContinuedAll Posts Tagged With: "stock"
Fed Announced it Would Buy up to $300 Billion in Treasury Bonds
Stock action on Wall Street was mostly directionless. Stocks have opened lower here in Australia. But all the juicy action is in the bond market, where the Fed is getting its hands dirty again. You wouldn’t think the Fed would have to come in and support bond prices with investors wringing their hands about global growth. But the numbers tell another story.
July 7th, 2009 | Dan Denning | 4 comments | Continued
Your Actively Managed Superannuation Fund Cannot Beat the Market
There are at least two points worth noting in this survey, three actually. First, actively managed funds, on average, don’t beat the market. Unless you know a genius manager, paying for results doesn’t deliver them.
July 6th, 2009 | Dan Denning | 10 comments | Continued
The Greenback Dollar Decline
“We may now be entering the Asian century, dominated by a rising China and its currency,” Roubini contends. “This decline of the dollar might take more than a decade, but it could happen even sooner if we do not get our financial house in order.
May 21st, 2009 | Bill Bonner | 7 comments | Continued
What is the Oil Price Telling Us?
Notable in yesterday’s move is the 11% rise in oil to US$47. Oil is certainly not up on the basis of a huge ecomic rebound in 2009. So what is it? China’s been stockpiling oil while prices are cheap. It’s straegic reserve is now all full. OPEC is meeting to discuss more production cuts.
March 13th, 2009 | Dan Denning | 0 comments | Continued