Yes, the Great Correction proceeds. Low levels of consumer spending, high unemployment, with periodic bankruptcies, blow-ups and financial crises.
November 17th, 2011 | Bill Bonner | 0 comments | ContinuedAll Posts Tagged With: "usa"
US President Obama Battles China for Australia Relations
Big Dog in the Pac
US President Obama is in da house! And he’s received a pretty warm welcome since stepping through the door. Now while China isn’t over the moon about his trip to Australia, it’s a nice change for the president. He’s not too popular at home.
November 17th, 2011 | Greg Canavan | 5 comments | Continued
Cost of War
More on zombie wars… and the cost of war
In a perverse way, a zombie war is a perfect war. A lot of money changes hands. And relatively few people are killed, compared to a real war.
November 4th, 2011 | Bill Bonner | 2 comments | Continued
Stimulus, Austerity, and the Spiral of Decline
“Austerity” usually means spending cuts and tax hikes. But, it does not take long before politicians, bureaucrats, public employees and corporate cronies all agree that they don’t actually want to cut spending. Usually, they take some unpleasant swipes at welfare programs and services – in other words, the only programs that actually do some good, and which are especially important in a recession.
June 25th, 2010 | Nathan Lewis | 2 comments | Continued
China: Looking for past parallels and bringing forward resource demand
But China’s position is similar. It is the emerging power that other nations see as having the ability to bring the world out of its economic malaise. And like the US last century, it is inflating (expanding money supply and credit) in order to do so. But China is inflating for its own benefit, and certainly not to help the US.
May 13th, 2010 | Greg Canavan | 6 comments | Continued
IOUSA and IOEU
Europeans live well. And thanks to so many transfer payments and so many government-provided services, they live well without really having much money to spend. Their incomes go to pay taxes and social charges. Trouble is, they enjoy a standard of living that they can’t really afford.
May 12th, 2010 | Bill Bonner | 0 comments | Continued
China Was the Maker and the United States Was the Taker
When we were growing up, China was a ‘Red Menace.’ It was full of mad people doing mad things. They humiliated people by making them wear dunce hats and march through town. The Chinese made steel in backyard barbecues.
August 20th, 2009 | Bill Bonner | 0 comments | Continued
O! Bama! The Whole World Turns Its Weary Eyes To You…
Mr. Obama became the president-elect of all the Americans last week. No man’s coffee tasted better on Wednesday morning than it did on Tuesday… no woman’s perfume smelled sweeter. But all over the world people felt better…
November 17th, 2008 | Bill Bonner | 2 comments | Continued
