Posts Tagged ‘ money ’
Consider economics and governments as resembling a restaurant.
In order for there to be a restaurant at all some entrepreneur has to put his money and vision on the line and open it. He has a thing called "overhead," which is irreducible on-going expenses whether he has any customers at all ...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
Money Isn’t Wealth
Jul 7th, 2009 | By Dan Denning | Category: Featured, Gold, Macro Economics
Some Fridays are better than others. This last one was not pretty. Like a character that refuses to die in a bad horror movie, the U.S. job market posted some shocking June numbers. It has revived the dormant nightmare that this may be a long "L" shaped recession. Or even ...read more
401(k) as Dangerous as the Dollar
Jun 26th, 2009 | By Linda Brady Traynham | Category: Featured, Morning Whiskey
Prophets are famous for being without honor in their own country, and it isn't any fun being Cassandra. We're considered alarmist nuts until what we have foreseen comes to pass--and repulsive thereafter if we say "I told you so!"
Well, we told you so about a lot of things, including the ...read more
Inflation and Random Numbers, Part I
Jun 18th, 2009 | By Adrian Ash | Category: Featured, Macro Economics
"We are entering upon waters for which I have no chart and in which I therefore feel myself an utterly incompetent pilot."
– James Warburg of the banking dynasty, resigning as President Roosevelt's monetary advisor, 1933
Want to know where the price of gold, oil, the S&P, Euro or overseas stock markets ...read more
Shoveling Money into the Deceased Economy
May 19th, 2009 | By James Howard Kunstler | Category: Featured, Macro Economics
The Great Wish across America is to resume the life of comfort-and-convenience that seemed so nirvana-like just a few short years ago, when the very constellations of the heavens might have been renamed after heroic Atlanta realtors and Connecticut hedge fund warriors, and the boomer portfolios groaned with earnings, and ...read more
Hoover and FDR
Apr 13th, 2009 | By Don Stott | Category: Featured, Gold, Macro Economics
It seems as though history continues to repeat itself. During the first 'great depression,' Herbert Hoover was President at the outset. He instigated the things FDR would later enlarge upon, none of which worked. Now we are in the beginning of the second 'great depression,' and it's almost exactly the ...read more
Move Your Money Out of America and Soon
Apr 3rd, 2009 | By Simon Black and Fitzroy McLean | Category: Featured, International, Personal Investing
Things are getting uncomfortable for individuals and corporations looking to deposit their money in tax havens around the world. Just recently, Congress introduced the so-called “Stop Tax Haven Abuse Act,” which is designed to do away with the privacy afforded by doing business or investing outside the U.S. and to ...read more
Basic Economics
Jan 9th, 2009 | By Don Stott | Category: Featured, Macro Economics, Politics
There are so many complications, economics wise, and there shouldn't be, because as Ludwig von Mises once said, defining economics, "People Act." It's just that simple! Examples are everywhere. Toyota is closing its plants for 11 days, and how many employees does this affect? Let's say 2,000, at $200 a ...read more
Battle of the Flations
Dec 25th, 2008 | By Bud Conrad | Category: Featured, Gold, Macro Economics
One of the most hotly debated topics among financial talking heads these days is, “Deflation or inflation, what is it going to be?”
There is no question that we are currently experiencing asset price deflation and economic slowing. But we, the editors of The Casey Report, see this as a transitional ...read more
