But who is behind Tata? The company is run by Ratan Tata, graduate of Cornell and Harvard, who is unmarried. With no children.
March 12th, 2010 | Bill Bonner | 0 comments | ContinuedAll Posts Tagged With: "U.S. Economy"
US Economy is Some 11 Million Jobs Short of Full Employment
But February saw an unexpected upturn in consumer credit, reports the Times. And unemployment seems to have bottomed out, adds The Wall Street Journal.
March 10th, 2010 | Bill Bonner | 0 comments | Continued
Depression: A Time of Falling Prices
First, there is a real economic phenomenon going on – the depression. It’s alive and well…and doing just fine. Households are de-leveraging. Businesses are building up cash.
February 26th, 2010 | Bill Bonner | 0 comments | Continued
US Economy Still in a Deflationary Contraction
Most people think the economy will muddle through somehow…thanks to all those geniuses working at the Department of the Treasury and the Fed.
February 25th, 2010 | Bill Bonner | 0 comments | Continued
The Big Shift in the US Economy
And then the leading corporations shifted their focus, from making things to marketing them. This shift corresponded roughly with the ascendancy of New York over Chicago…
February 16th, 2010 | Bill Bonner | 0 comments | Continued
USA Has Fives Times As Much Sovereign Debt As All the PIIGS Put Together
The PIIGS owe $2 trillion, which might need to be restructured. Yes, dear reader, the sovereign debt problem is a big one – much bigger than Bear Stearns, Lehman Bros. and AIG.
February 10th, 2010 | Bill Bonner | 0 comments | Continued
If the Economy is Recovering Maybe the Feds Will Reduce their Stimulus
If the economy really is heating up, mightn’t it melt all that money and credit frozen by the depression?
February 2nd, 2010 | Bill Bonner | 0 comments | Continued
Majority of Australians Believe House Prices Will Rise in Next Twelve Months
Now you have to assume a lot of income growth from here for affordability to remain the same with house prices at those levels. Or you’d have to assume much lower interest rates. That would be a stupid assumption, though, given that interest rates are headed up at the moment…
January 25th, 2010 | Dan Denning | 292 comments | Continued
Bankers Admit Faults in Congress
“The bankers – whose companies collectively received more than $100 billion in taxpayer assistance to weather the crisis – offered no regrets for executive pay that is now likely to increase…
January 18th, 2010 | Bill Bonner | 2 comments | Continued
The Fight Between Greed and Fear, Boom and Bust, Expansion and Contraction
This is a fight that goes on all the time. But it is usually kind of a ‘cold war.’ Years go by without much activity. Stocks meander. A few companies go bust. A few boom.
January 12th, 2010 | Bill Bonner | 1 comment | Continued