Posts Tagged ‘ $700 billion bailout ’

What Now?

Oct 24th, 2008 | By James Howard Kunstler | Category: Economics, Housing, Macro Economics, Politics
It’s fascinating to read the commentators in mainstream journals like The Financial Times and The Wall Street Journal all strenuously pretending that “the worst is over” (maybe...we hope...fingers crossed…hail Mary full of grace...et cetera). The cluelessness would be funny if it didn’t involve a world-changing catastrophe. All nations that have ...read more


The Dollar and Precious Metals

Sep 26th, 2008 | By Byron King | Category: Gold, Politics
Why are precious metals moving upwards? After all, the market smashed them down all summer as the dollar strengthened. The short answer is that right now gold and silver are the only decent game in town. Yes, there are a few other asset and income plays as well in the market. ...read more


The Limitations of a Bailout

Sep 25th, 2008 | By Lord William Rees-Mogg | Category: Currencies, Economics, Macro Economics
For about 10 years, Simon Jenkins and I were both writing columns for the London Times. Simon is still writing a column for The Sunday Times, but has shifted his weekly column to The Guardian. However, he has written something in The Sunday Times that has provoked a very interesting ...read more