The ‘Benefits’ of Inflation
Bill Bonner, venerable voice of reason and co-author of The New Empire of Debt, brings a tongue-in-cheek look at inflation in the new U.S. economy for The Daily Reckoning, UK Edition.
The new economy of taxes, wealth transfers, emerging markets and the future of consumerism
Bill Bonner, writing for The Daily Reckoning, UK Edition, offers his commentary on everything from the bankers’ bonus tax to the future of emerging markets.
Dark Days Ahead: Inflation, Gold and the state of the global economy
Bill Bonner, co-author of The New Empire of Debt, brings us his analysis of the current market bubble, the current trends in commercial lending and the future of the ‘recovery’ for The Daily Reckoning, UK Edition.
Gold – Thumbing its Nose at Fiscal Policy
Dan Denning is the author of 2005’s best-selling The Bull Hunter, analyzes current moves in the gold market for Whiskey & Gunpowder.
The Next Depression: It’s worse than they think
“Beyond the Crisis… With most of the world’s economies officially out of recession, the FT launches a series examining the legacy of worst global economic crisis since the 1930s,” says the FT. But according to the figures below the headline, the crisis wasn’t so bad. The US economy walked backward only 3.5%. Now, it’s making progress again.
The FT editors should keep their eyes on the road. The ‘recession’ did more damage than they think. And it isn’t over… There’s more trouble ahead.
Goldman Sachs – Defending the biggest kid on the block
Resident voice of reason at The Daily Reckoning, Bill Bonner takes a hard look at Goldman Sachs and replaces jealousy with admiration.
“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. It’s time someone stood up to say a kind word for the firm.”
When Markets Collide Investment Strategies for the Age of Global Economic Change
When Markets Collide Investment Strategies for the Age of Global Economic Change
SELECTED AS A 2008 BEST [...]
Crash Proof How to Profit From the Coming Economic Collapse Lynn Sonberg Books
Crash Proof How to Profit From the Coming Economic Collapse Lynn Sonberg Books
The economic tipping [...]
The best way to get through a debt crisis?
What’s the best way to get through a debt crisis? Straight through was our advice last week. For at least a thousand years, the business cycle went round and round without help from central bankers or economists. It is only since these geniuses have been on the case that really serious problems have arisen. The Panic of 1920 – in which the US government did nothing but cut taxes and spending – was quickly forgotten. The Panic of 1929, on the other hand, was followed by massive rigging and jiving by the authorities. It took 20 years and a world war to overcome; today it is still remembered today as the Great Depression.
Martin Wolf, speaking, gravely, for the world’s intelligentsia…
McDonald’s abandons Iceland
Would you spend $6 on a Big Mac? I wouldn’t, and neither will people in Iceland.That’s why McDonald’s (MCD) is closing its three restaurants in Iceland and has no plans to return, according to the Financial Times.The move says more about Iceland than i…
A Bull in a Silver Shop
One of the most interesting news items I’ve found was on the cover of The Financial Times, where I learned that a guy named Lahde “made tens of millions of dollars from betting against the financial and property sectors during [the] past two years”, and he now wanted to thank “the low hanging fruit, i.e. idiots whose parents paid for prep school, Yale, and then the Harvard MBA” who made it all possible for him to find enough suckers.
He noted that “These people who were often truly not worthy of the education they received (or supposedly received) rose to the top of companies such as AIG, Bear Stearns and Lehman Brothers and all levels of our government. All of this behavior supporting the…
Investors Business Daily
Investors Business Daily
Newspaper covering companies, industries, potentially successful stocks, and developments in the economy, as well as [...]
The Rally Rests on a Knife-Edge
The longer the rally persists, the more dangerous it becomes.
The S&P 500 is up almost 60% since March. The Dow just had its best quarter since ’98.
Yesterday, the Dow slipped 29 points. Is the rally finally rolling over? Or is this a genuine bull market, just taking a pause?
If it is a real bull market it’s a funny-looking bull – one that is missing parts!
For example, corporate earnings are missing. P/E ratios are rising far above the corporate earnings that support them. This puts the market 35% overvalued on a cyclically-adjusted P/E basis, says Smithers & Co.
And if you look at it in terms of its “q” ratio – a comparison of capitalisation and replacement costs – the…