Posts Tagged ‘
debt ’
Dec 2nd, 2009 |
By James Howard Kunstler |
Category: Featured, International, Macro Economics
"While Dubai is not big enough to set off financial repercussions outside the Middle East, the main fear is that investors could flee risky markets all at once in search of safer havens for their money." — The NYT, Vikas Bajaj and Graham Bowley, reporting.
Apart from the stark self-contradiction in ...
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Tags: banking, debt, deflation, Dubai, inflation, New York Stock Exchange, New York Times, U.S.
Posted in Featured, International, Macro Economics |
9 comments
Nov 20th, 2009 |
By Jeff Clark |
Category: Featured, Gold
“There’s no doubt in my mind that we’ll have a mania in gold. And because the gold and especially silver markets are so tiny, the rush into them will be like trying to push the contents of Hoover Dam through a garden hose. Our positions will go absolutely ballistic.” – ...
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Tags: debt, Gold, government, silver
Posted in Featured, Gold |
6 comments
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 ...
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Tags: capitalism, debt, economy, government
Posted in Featured, Macro Economics |
1 Comment »
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 ...
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Tags: debt, government, macroeconomics, Warren Harding
Posted in Featured, Macro Economics |
1 Comment »
Sep 25th, 2009 |
By James Howard Kunstler |
Category: Featured, Macro Economics
In our history, the American nation committed obvious sins against select groups of people, and we've paid bitterly for some of that. But now it's our sins against the land itself that threaten to sink the USA as a viable enterprise.
It's odd, that in his otherwise excellent blow-by-blow account ("Eight ...
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Tags: car-dependence, debt, Oil, suburbia
Posted in Featured, Macro Economics |
12 comments
Aug 11th, 2009 |
By James Howard Kunstler |
Category: Featured, Macro Economics
One of main reasons behind the vast confusion now reigning in the USA, our failure to construct a coherent consensus about what is happening to us (or what to do about it), is our foolish obsession with econometrics -- viewing the world solely through the "lens" of mathematical models. We ...
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Tags: debt, econometrics, suburbia
Posted in Featured, Macro Economics |
19 comments
Jul 30th, 2009 |
By Chris Mayer |
Category: Featured, Macro Economics
I've just returned from Agora Financial's Investment Symposium in Vancouver. The conference was full of good ideas and interesting speakers.
There is rarely any kind of consensus that emerges from these sorts of things. However, it did seem that virtually everyone saw the folly and risks in the debt-laden U.S. economy.
We ...
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Tags: debt, government, Treasury
Posted in Featured, Macro Economics |
14 comments
Jun 8th, 2009 |
By James Howard Kunstler |
Category: Energy, Featured, Macro Economics
Through the tangle of green shoots and sprouting mustard seeds, a certain nervous view persists that the arc of events is taking us to places unimaginable. The collapse of General Motors and Chrysler signifies more than the collapse of US car manufacturing. It spells the end of the motoring era ...
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Tags: cars, debt, Energy, highways
Posted in Energy, Featured, Macro Economics |
4 comments
Jun 8th, 2009 |
By Elizabeth Brinsden |
Category: Featured, Morning Whiskey
Some thirty years ago a commentator used the analogy of the course of Western Civilization hitting an iceberg, suffering thereby the same fate as the Titanic at the beginning of the 20th century. In other words, in its immense pride and folly, believing itself to be impervious to any danger ...
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Tags: capitalism, debt, Western Civilization
Posted in Featured, Morning Whiskey |
2 comments
May 22nd, 2009 |
By Bill Jenkins |
Category: Featured, Macro Economics
On the grand scale, the U.S. dollar is still the major gladiator in the currency and economic arena. It is like a punch-drunk prizefighter, staggering, but still on its feet…wobbling, but able to inflict substantial damage on its economic opponents, those who would carelessly trade against it.
“The U.S. accumulated $9 ...
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Tags: credit cards, debt, dollar
Posted in Featured, Macro Economics |
4 comments
