Oh, where to begin, dear reader? We have something important on our mind...
Where is the real bubble? Is it a bubble in commodities? Or a bubble in the people who buy them?
By the charts ye shall know them — bubbles, that is. The lines roll along nicely, calmly, along ...read more
Debt Is Dangerous, Especially of the Government Kind
Nov 4th, 2009 | By Bill Bonner | Category: Featured, Macro Economics
Earthlings are all convinced that a financial crisis of cosmic proportions befell the planet last fall. Had the authorities failed to act with determination and speed, it would have been the end of the world. In the popular mind the politicians have saved capitalism from its own excesses.
Our views are ...read more
Macroeconomics for the Keynesian Dummies in Government
Oct 26th, 2009 | By Bill Bonner | Category: Featured, Macro Economics
"He who goes a-borrowing, goes a-sorrowing."
The quote comes from Ben Franklin. But it was recalled to us neither by America's president, nor Britain's Prime Minister. Instead, the Telegraph in London reported it from the mouth of Cheng Siwei, a "top member of the Communist hierarchy."
What goes around comes around. The ...read more
After Gods, Heroes and Gold Comes the Age of Lint
Oct 9th, 2009 | By Bill Bonner | Category: Featured, Macro Economics
When Ben Bernanke gave his speech to the London School of Economics, our reporter was on the scene. Terry Easton put a tough question to America's central banker: aren't your interventions just making the situation worse, he wanted to know.
Amid the blah...blah...blah...of Bernanke's response was this:
"The tendency of financial systems ...read more
Bernanke to Keep Blocking the Free Market
Sep 1st, 2009 | By Bill Bonner | Category: Featured, Macro Economics
Damned if he does; damned if he doesn't.
Last week, Ben Bernanke got the nod for another stint as head of the world's most important central bank. Yes, he completely misunderstood the implications of the hugely negative US trade balance, believing that America did the world a favor by spending its ...read more
The Political Phase and the Death of Nations
Aug 26th, 2009 | By Bill Bonner | Category: Featured, Macro Economics, Politics
The United States is in the third and fatal stage of a great country’s life-cycle – the political stage. In this stage, money and power migrate from the financial community to the political community. The politicians get away with taking trillions out of the productive economy and spending them on ...read more
The Worldwide Crack-Up Boom
Aug 7th, 2009 | By Bill Bonner | Category: Featured, Macro Economics
A kiss is still a kiss…and a bubble is still a bubble. When a kiss is over, it’s over. When a bubble pops…well…that’s all she wrote! All kisses end—even the wettest “French” kisses. And so do all bubbles—even sloppy mega-bubbles of liquidity.
“This one will be no exception,” we remember thinking ...read more
Romulus, Remus, Stimulus: A Brief History of Monetary Madness
Jul 27th, 2009 | By Bill Bonner | Category: Featured, Macro Economics
Those whom the gods would destroy are first granted stimulus. When a man wins the lottery, for example, it has a stimulating effect on everyone around him. He usually spends the money quickly - often even before he gets it. But no matter how much he wins, he is usually ...read more
Treasury Bond Avalanche
May 29th, 2009 | By Bill Bonner | Category: Featured, Macro Economics
Illusions pile up... They're sure to come down sooner or later.
Like snow at high altitudes, the central banks' new money is piling up. As reported last week, all the world's major central banks have turned on their snow machines. The U.S. Federal Reserve has been authorized to "print" $1.75 trillion ...read more
How Unions and Governments Destroy Businesses
May 7th, 2009 | By Bill Bonner | Category: Featured, Macro Economics, Politics
In the newspapers there is much discussion of what General Motors should do. This discussion has gone on for many years. Until now, it was a conversation carried on by serious analysts and auto industry experts. They all said the same thing: GM needed to clear out its management, dump ...read more

