All Posts Tagged With: "Bill Bonner"
Capitalism with Seatbelts, Helmets and Airbags
Bill Bonner at The Daily Reckoning is suffering from self-diagnosed “senselessness overload.” “The absurdities are coming too fast for us now,” says Bill. “We fear we are going into an irony-induced coma.” For a start, nowhere in the US Constitution does it give the Fed the power to put each and every taxpayer on the line for about $2,000.
Who Will Rescue the Rescuers?
The Europeans are getting in on the act…it doesn’t take a genius to see there was going to be Hell to pay. The end of euphoria…if Warren Buffett’s warning Congress that they need to take action - you know we’re in trouble. Bush urges Congress to take action…what’s bad for the dollar is good for gold…and more!
Too Big to Bail
Leave it to Congress to use “Christmas tree” as a verb…everyone is getting in on the act on the Hill. Why is everyone so sure that the people who made this mess will be able to clean it up. One person had something smart to say this week - and who it is may surprise you…and more!
The Winter of Our Discontent
The Dow slipped 161 points yesterday. Oil settled at $106. Gold at $900. And now it’s winter. We know that because we saw a picture in the English newspaper. There was a group of Druid priests, dressed in white robes, celebrating the autumnal solstice. It’s colder weather from here on… until spring.
Physical Gold is the Only Real Sanctuary from Inflation
Hank Paulson’s bailout strategy will almost certainly cost $1 trillion or more. Bloomberg reports it will increase national debt by 6.6% to $11.3 trillion. Bill Bonner says US policy makers will eventually have no choice but to inflate away this debt. And this is when physical gold becomes worth much more than paper money… and even gold ETFs
How Greed and Self-Delusion Destroyed Wall Street
Wall Street has changed beyond recognition over the last couple of weeks. As of today not one of the “big five” independent investment banks is left standing. According to Bill Bonner in The Daily Reckoning, the big banks have only themselves to blame. They began to believe they were invincible… but of course they were nothing of the sort.
US Dollar and Treasury Bonds Will Not Escape This Correction
Ben Bernanke and Hank Paulson are planning the biggest bailout of financial markets in history. It could cost the taxpayer somewhere in the region of $1 trillion. But the market will triumph over the interventionists, says Bill Bonner.
The biggest credit bubble in history is due a correction, and there is little the Fed or Treasury can do to stop it. The more they try, the more money they have to print.
This makes the outlook for the dollar and US Treasury bonds ever more perilous… and the outlook for gold ever more attractive.
Bill Bonner Says Gold Is Your Best Buy in This Crisis
Gold prices soared yesterday. Traders gave the metal its biggest one-day gain in nine years - a 9% rise. This pushed prices up by $70.
So far today, gold is up more than 2% after hitting day high of $868.65 an ounce.
“From the time of Pompeii, gold has been the refuge of choice for investors everywhere,” says Bill Bonner. “It still is. And, looking at the market, gold is going to become the obvious choice for more and more investors.” But what exactly is blowing up?
Bill Bonner Says the US Could Be Turning Japanese
The Daily Reckoning’s Bill Bonner says the Fed’s bailout strategy is eerily reminiscent of Japan’s response to its own financial crisis in the ’90s. In Japan’s case, massive government intervention simply dragged out the country’s correction; 18 years on and Japanese stocks are still way below the pre-crash levels. Bill says the US could be looking at the same fate…
A Deflationary Correction
We hate to say ‘We told you so’ but…watching the masters of the universe go down. Will the next boom be in bankruptcy lawyers?…the handwriting has been on the wall for quite some time. Suddenly, gold is looking good to investors again…when the going gets rough, the feds fire up the printing presses…and more!
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