On the surface, the week begins with a tale of two economies, each headed in seemingly opposite directions. In Australia, retail sales rose in November by 1.4% to over $20 billion, according to ABS data released last week. It was the strongest monthly rise in eight months. And that was before Christmas shopping really got under way.
January 11th, 2010 | Dan Denning | 2 comments | ContinuedAll Posts Tagged With: "trade deficit"
Thomas L. Friedman Trying to Reassure Americans
Back to Mr. Thomas L. Friedman. What we like about Mr. Friedman is that he is such an unworthy opponent. It is like playing darts with a blind man or a boxing match against a paraplegic.
November 25th, 2009 | Bill Bonner | 3 comments | Continued
Price of Gold Communicates U.S. Monetary and Fiscal Policy is Lousy
It’s also possible that the Fed thinks a weak dollar will reduce America’s trade deficit, boost its export competitiveness, and lead to higher employment. We think this is a pipe dream. And we’re not talking about a lead pipe. We’re talking William Blake-style opium.
November 5th, 2009 | Dan Denning | 3 comments | Continued
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
