Gold Stocks Today » Recession

Who’s Still OK With Deficit Spending Now?

Chuck Butler — Thu, 02 Feb 2012 17:01:36 +0000

I had to laugh yesterday when the New York traders came in and didn’t sell the currencies right away… I said to myself, “Self, maybe the ‘big boys’ read the Pfennig and now know that I’ve uncovered their ‘game,’ so they have to lay low for a while!” HA! Whatever the case, the currencies held [...]

Who’s Still OK With Deficit Spending Now? originally appeared in the Daily Reckoning. The Daily Reckoning, published by Agora Financial provides over 400,000 global readers economic news, market analysis, and contrarian investment ideas.

Creating More Debt to Solve the Crisis

Bill Bonner — Wed, 01 Feb 2012 17:17:59 +0000

Readers who expect an early end to this Great Correction are going to be disappointed. There is no sign of it reaching its conclusion anytime soon. Just the contrary…there’s no end in sight. The Great Correction seems to be going along just as you’d expect. Or, just as we’d expect. Here’s the latest from Reuters: [...]

Creating More Debt to Solve the Crisis originally appeared in the Daily Reckoning. The Daily Reckoning, published by Agora Financial provides over 400,000 global readers economic news, market analysis, and contrarian investment ideas.

Persistent Questions About the Future of the US Economy

Bill Bonner — Tue, 31 Jan 2012 21:26:39 +0000

We’ve covered a lot of ground over the past few months. Not much action in the markets yesterday, so let’s stop here and take stock. What we know so far… First, it was clear from the get-go that there was a bubble in finance and housing. The only people who couldn’t see it were the [...]

Persistent Questions About the Future of the US Economy originally appeared in the Daily Reckoning. The Daily Reckoning, published by Agora Financial provides over 400,000 global readers economic news, market analysis, and contrarian investment ideas.

Trends that Won’t End

Addison Wiggin — Mon, 30 Jan 2012 22:01:52 +0000

U.S. taxpayers have lost $133 billion from TARP — the abominable acronym inflicted on us by former Treasury Secretary Hank Paulson — a new report out this morning shows. We begin another week pulled in two directions: In one direction lie unresolved failures in policy… and the mayhem it has wrought in the financial system. [...]

Trends that Won’t End originally appeared in the Daily Reckoning. The Daily Reckoning, published by Agora Financial provides over 400,000 global readers economic news, market analysis, and contrarian investment ideas.

Why Economic Growth Will Continue to Disappoint in 2012

Bill Bonner — Mon, 30 Jan 2012 20:15:30 +0000

Tutto va bene… That was what the crew told passengers on the Costa Concordia just before it sank. And it was what the crew of the USS America — the biggest cruise ship of all — were telling passengers last week. Tutto va bene. Trouble was, tutto was not going as bene as they claimed. [...]

Why Economic Growth Will Continue to Disappoint in 2012 originally appeared in the Daily Reckoning. The Daily Reckoning, published by Agora Financial provides over 400,000 global readers economic news, market analysis, and contrarian investment ideas.

Confusing Gradual Bankruptcy with Economic Recovery

Bill Bonner — Wed, 25 Jan 2012 14:00:00 +0000

We have a wintry landscape here in Baltimore…or what is left of one. But forget the weather, happy days are here again. At least, that is what you might think from reading the newspapers. Unemployment is going down. Consumer debt is going up. Even the housing market is showing signs of improvement. Gold is rising [...]

Confusing Gradual Bankruptcy with Economic Recovery originally appeared in the Daily Reckoning. The Daily Reckoning, published by Agora Financial provides over 400,000 global readers economic news, market analysis, and contrarian investment ideas.

A Strange Appetite for US Debt

Bill Bonner — Mon, 23 Jan 2012 17:10:35 +0000

We went around the world last week. We wish we could say we learned something. But modern travel has been standardized…and culture and technology have been “globalized”…so that the more you travel the more you feel you never left home. “How was your trip around the world?” asked our assistant when we got back in [...]

A Strange Appetite for US Debt originally appeared in the Daily Reckoning. The Daily Reckoning, published by Agora Financial provides over 400,000 global readers economic news, market analysis, and contrarian investment ideas.

Debunking the Myth of the Great Recession

Bill Bonner — Thu, 19 Jan 2012 20:09:46 +0000

There is a rumor — which we started ourselves — that Captain Francesco Schettino of the Costa Concordia has been invited to join the Federal Reserve. Obviously, in view of the recently released minutes of its meetings in 2006, the Italian ship’s captain and the Fed are meant for each other. Both are prone to [...]

Debunking the Myth of the Great Recession originally appeared in the Daily Reckoning. The Daily Reckoning, published by Agora Financial provides over 400,000 global readers economic news, market analysis, and contrarian investment ideas.

Embattled Washington: From SOPA to the Debt Ceiling

Addison Wiggin — Wed, 18 Jan 2012 21:04:05 +0000

It’s hard to crawl the Internet today without running across something like this… Wikipedia and several other sites are “blacked out” to protest the Stop Online Piracy Act, or SOPA — an odious piece of legislation that would allow domain names to be erased from the web without due process of law. Accidentally run afoul [...]

Embattled Washington: From SOPA to the Debt Ceiling originally appeared in the Daily Reckoning. The Daily Reckoning, published by Agora Financial provides over 400,000 global readers economic news, market analysis, and contrarian investment ideas.

The Perfect Heist: Why Government Theft Continues to Go Unnoticed

Bill Bonner — Fri, 23 Dec 2011 18:21:19 +0000

Today, we doff our caps to the folks at the European Central Bank. They’ve pulled off the perfect heist. The euro-feds have opened the valves…turned on the spigots…and let nearly a half trillion euros worth of liquidity flow directly into the very same banks that have proven they can’t be trusted with a penny. But [...]

The Perfect Heist: Why Government Theft Continues to Go Unnoticed originally appeared in the Daily Reckoning. The Daily Reckoning, published by Agora Financial provides over 400,000 global readers economic news, market analysis, and contrarian investment ideas.