What is remarkable about the Grant conversion is that his vision gives off so little heat and light. His WSJ article shillyshallies around; rehearses the history of previous recessions…
September 28th, 2009 | Bill Bonner | 0 comments | ContinuedAll Posts Tagged With: "U.S. Economy"
The Interest Only Mortgage Option
How much more will these people have to pay? Between 5 and 10 times what they’re paying now. Almost all these homeowners are underwater. They bought at the bubbliest period.
September 22nd, 2009 | Bill Bonner | 1 comment | Continued
Markets Rise While the Economy Sinks
The problem is that the global economy in general, and the US economy in particular, is operating on so much medication that it is difficult to conduct an appropriate examination of the patient at the current time.
September 21st, 2009 | Bill Bonner | 0 comments | Continued
Feds Can’t Cause a Genuine Recovery Simply by Throwing Money into Economy
Meanwhile, the feds are muddying the waters. They’re trying to fool the consumer…to trick him…to make him think that up is down and down is up. They want him to believe that the fat years are coming back…
September 17th, 2009 | Bill Bonner | 3 comments | Continued
US Economy Still on Runway as Recovery Won’t Fly
A majority of those polled by Bloomberg think things are great; 61% said they thought they economy had taken off and was flying high. Stocks are up. Commodities are up…
September 10th, 2009 | Bill Bonner | 3 comments | Continued
Americans Have No Money to Spend Because They Already Spent It!
From Florida, comes news of the first drop in population in 60 years. “Unemployment is soaring,” reports USA Today. “Florida is second to California on foreclosures.”
Yes, dear reader, there is trouble in the sand states…
September 3rd, 2009 | Bill Bonner | 1 comment | Continued
Biggest Problem With US Economy is Too Much Debt
Debt is ubiquitous across US society. Debt permeates the culture. Practically the whole nation has bitten off more than it can chew.
September 2nd, 2009 | Byron King | 0 comments | Continued
Evidence of a Turn in the US Economy
The bounce in existing homes sales reported last week is yet one more sign that even in the most bombed-out part of the economy, there is some activity stirring.
August 26th, 2009 | Rob Parenteau | 1 comment | Continued
Economists Agreed the Stimulus Was Working and the Recession Was Coming to an End
We don’t know when the recession will end…but we’re dead sure that those 53 economists interviewed by Bloomberg…and those at the Fed too…don’t know either. Few of them seem to have any idea what is really going on.
August 17th, 2009 | Bill Bonner | 2 comments | Continued
Why Weren’t Economists On Top of This Thing?
Even Alan Greenspan admitted he had “found a flaw” in his own thinking. We will have to imagine the giggles from the back of the room – if anyone had been awake. It was as if Stalin had confessed to being rude to his mother…
August 10th, 2009 | Bill Bonner | 4 comments | Continued