Meanwhile, the Bank of America is a real bank. With real mom and pop customers. And the poor moms and the poor pops are going bust. They can’t pay their bills.
October 20th, 2009 | Bill Bonner | 0 comments | ContinuedAll Posts Tagged With: "unemployment"
Paying Off Debt is Like Dying…
Voters don’t like hearing about debt. Politicians don’t like talking about it. And economists don’t want to think about it.
October 19th, 2009 | Bill Bonner | 5 comments | Continued
Only Hope for Obama is that the Economy Revives
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 | Continued
Is the Real Economy Growing, Expanding, and Making Money?
JPMorgan, the Wall Street firm that was bailed out by the feds a year ago, reported income of $3.6 billion in the 3rd quarter. With that kind of profit in the financial sector, it won’t be long before the whole economy is running red hot, right?
October 16th, 2009 | Bill Bonner | 4 comments | Continued
Economic Cycle Theory
We began the week wondering about the cycles of history and markets. We wondered whether Australia is following the Anglo-American cycle into a long-winter…where people lose confidence in each other, in government, and in the institutions they relied on in the past for law and order, employment, and prosperity.
October 15th, 2009 | Dan Denning | 29 comments | Continued
Feds Have Used the Correction to Increase Their Power and Add to Their Wealth
Noooo… We’re talking about a worthy correction…a real correction…a noble and distinguished correction…a correction that can hold its head up in public.
October 14th, 2009 | Bill Bonner | 0 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
Federal Government is Sabotaging a Genuine Recovery
“Great time for US consumers, America is on sale,” says an item at YahooFinance. The “discounts are unbelievable,” adds a blogger known as Frugal Rhode Island Momma.
October 12th, 2009 | Bill Bonner | 0 comments | Continued
Warren Buffett: People Do Not Make Money by Betting Against the US Economy
What we saw was an over-stretched empire getting ready to snap. But we were also allowing ourselves to be lazy. Rather than deconstruct the capital structure of the world’s largest economy, we decided to sell the whole damned thing.
October 12th, 2009 | Bill Bonner | 5 comments | Continued
Economy Has to Grow at 1% to Stay Even With Population Growth
There are now about 131 million jobs in the United States…and about 15 million people who would like a job but can’t find one.
October 8th, 2009 | Bill Bonner | 4 comments | Continued