
Themes: Bankruptcy, Depression, Mark Stanford Depressions take time. Bankruptcy rates don’t rise overnight. First, it takes businesses a while to realize their sales are falling. At first, they think it might be a fluke. Then, they talk to friends and read the ...
Bill Bonner's Daily Essays
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Themes: Bank bailouts, Feds, Bankruptcies
Paris, France Thursday, 2 July 2009 Everything is working out just like we thought it would. The stock market is performing as expected. The economy is on track. Even the politicians are doing what they thought ...
Themes: 1930s Depression, finance experts Last night, we went to an awards ceremony for the magazine publishing industry in Britain. Our title, MoneyWeek, had been nominated as “best weekly business magazine.” It was a sparkling affair... with hundreds of ...
Illusions there are aplenty. In the popular mind, the slump of ’07-’09 is coming to an end by Christmas. Practically everyone says so – including Ben Bernanke himself. All the bailouts and stimuli are paying off, they think. Soon, it will be business as usual. ...
London, England Tuesday, 29 June 2009 Let the punishment fit the crime! Poor Bernie. The man has been ordered to spend 150 years in the hoosegow. What for? Who did he kill? A century-and-a-half seems a little excessive for a financial crime. You could hold up ...
Themes: Government spending, consumer price levels London, England Monday, 29 June 2009 Not much action in the markets on Friday. The Dow was off 34 points. Oil slipped to $69. Bonds rose a bit. Gold and the dollar remained pretty much where they were. The ...
Themes: Hyper inflation, Paris. Scarcely a block from our office in Paris is a monetary phenomenon that has escaped the financial press. In one of the highest-cost economies in the world, you can buy a woman’s shirt for 2 euros. A dress? Four euros. A man’s ...
Die Hard Illusions... This just in – Ben Bernanke and Tim Geithner have rushed to Los Angeles. If they can revive an entire world economy... they told crowds... why not the ‘King of Pop?’ Fans are hopeful... but here at the Daily Reckoning we take a discouraging ...
Themes: uk Property Market, us property market, economy, equity. The purpose of a man is to love a woman... And the purpose of a woman is to love a man... Remember that hit from the ‘60s? How about this? To everything there is a season And a time for every ...
Themes: world economy, economists, public faith, The whole world economy is underwater and the same economists who failed the critical test are manning the pumps. What makes anyone think they know what they are doing? On the surface of it their plan is absurd. ...
Bill Bonner's Daily Essays
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