You’d think the feds might have learned their lesson. Their low rates…and subsidized mortgage loans…led to the biggest bubble in housing in US history.
November 26th, 2009 | Bill Bonner | 0 comments | ContinuedAll Posts Tagged With: "wall street"
Recession is Over, Welcome Back to the Depression
As we pointed out yesterday, the US economy has already suffered a lost decade. No employment growth in the last ten years. No gains in the stock market.
November 26th, 2009 | Bill Bonner | 4 comments | Continued
You Buy Gold When the Government is Making a Mess of the Monetary Situation
Are the feds making a mess of the monetary situation? Oh dear, dear reader…please ask us something harder. Trillion dollar deficits as far as the eye can see…
November 24th, 2009 | Bill Bonner | 0 comments | Continued
Boomers Made a Mess of the United States of America
First, Americans made a colossal mistake in the ’90s and the ’00s. They partied…they spent…they borrowed…running up huge debts in the private sector.
November 23rd, 2009 | Bill Bonner | 10 comments | Continued
Bond Scam Perpetrated by Money-grubbing Government
So how does a government fund its spending programs if global creditors begin to turn to other assets? Well, it can have its own central bank “monetise the debt.” But having the central bank buy government bonds with new money is a sure-fire path to currency depreciation and higher interest rates.
November 23rd, 2009 | Dan Denning | 2 comments | Continued
Rising in Defense of Goldman Sachs
We pick up sword and shield, ready to fight for Goldman, after reading The Financial Times. The FT has devoted a whole page to Goldman bashing.
November 20th, 2009 | Bill Bonner | 14 comments | Continued
Homebuilding Goes Down While Economy Gathers Strength
Meanwhile, the news two days ago was that homebuilding took a dive in October. Work began on 11% fewer houses than the month before.
November 20th, 2009 | Bill Bonner | 1 comment | Continued
Major Premise That Government Economists Can Improve Workings of a Free Economy
That leads people to believe that the feds have pulled off a save…they’ve now got the economy well along on the road to recovery…the recovery is getting stronger as time goes by…
November 12th, 2009 | Bill Bonner | 5 comments | Continued
The Growing Pile of Cash On Corporate Balance Sheets
“Cash is the financial equivalent of a big, soft pillow,” Chris continues. “It helps you sleep better at night. After the credit crisis turned small balance sheet leaks into lethal holes…
November 4th, 2009 | Eric J. Fry | 0 comments | Continued
Inflation is Evident If You Just Follow the Money
One quick note about this: there is obviously plenty of inflation in the prices you pay every day. But most consumer price indices are rigged to understate inflation, as our colleague David Evans pointed out yesterday in Canberra at the Gold Standard Institute conference in Canberra. Trimmed medians…hedonic adjustments…
November 2nd, 2009 | Dan Denning | 5 comments | Continued